Analyst projects $1 billion in Q3 revenue for Polaris
Wells Fargo Securities analyst Tim Conder reports that Polaris is due to report “another record quarter for revenue and EPS with quarterly revenue likely exceeding [$1 billion] for the first time in the company’s history,” according to a research note provided to Powersports Business.
“Our channel feedback indicates PII fundamentals and execution remain strong with ongoing share gains in SxS and ATVs coupled with a very strong Indian relaunch,” Conder writes. “Initial reception to the the new SxS (especially the RZR XP 1000 and Ranger 570 series) and new ATV (Sportsman 750) products is strong, but sales of existing products also continue well. Indian appears off to a strong start with dealer counts and initial wholesale/retail, however, as planned, PII will leave MY14 Indian demand short.”
Conder goes on to report that Wells Fargo Securities believes Indian Motorcycle “is on track to achieve its 125-140 North American and 60 international dealers by YE 2013 … .”
Polaris and Harley-Davidson both report Q3 financial results on Oct. 22.
Dealers can participate in PSB’s Q3 Dealer Survey to help assess the North American performance at retail by clicking here.