Polaris (PII) stock is soaring 5.16% in pre-market trading on Tuesday following the release of better-than-expected third-quarter results and an improved outlook for 2025. The powersports vehicle manufacturer demonstrated resilience in a challenging market environment, surpassing analyst expectations and signaling potential for future growth.
The company reported third-quarter adjusted earnings of $0.41 per share, significantly beating the FactSet consensus estimate of $0.16. While this represents a decrease from $0.73 per share in the same period last year, it showcases Polaris' ability to outperform market expectations. Sales for the quarter reached $1.84 billion, surpassing analyst projections of $1.76 billion and marking a 7% increase from the previous year.
Adding to the positive sentiment, Polaris reintroduced its fiscal year 2025 guidance, projecting adjusted sales between $6.9 billion and $7.1 billion. The company now anticipates an adjusted loss of approximately $0.05 per share for 2025, a more optimistic outlook compared to the FactSet estimate of a $0.14 loss. This improved forecast, coupled with reported market share gains in off-road vehicles and motorcycles, appears to be driving investor confidence and contributing to the stock's upward movement.
Comments