Q3 Earnings Roundup: Polaris (NYSE:PII) And The Rest Of The Leisure Products Segment

Wrapping up Q3 earnings, we look at the numbers and key takeaways for the leisure products stocks, including Polaris (NYSE:PII) and its peers.

Leisure products cover a wide range of goods in the consumer discretionary sector. Maintaining a strong brand is key to success, and those who differentiate themselves will enjoy customer loyalty and pricing power while those who don’t may find themselves in precarious positions due to the non-essential nature of their offerings.

The 12 leisure products stocks we track reported a very strong Q3. As a group, revenues beat analysts’ consensus estimates by 3.8% while next quarter’s revenue guidance was in line.

Luckily, leisure products stocks have performed well with share prices up 10.7% on average since the latest earnings results.

Polaris (NYSE:PII)

Founded in 1954, Polaris (NYSE:PII) designs and manufactures high-performance off-road vehicles, snowmobiles, and motorcycles.

Polaris reported revenues of $1.86 billion, up 6.6% year on year. This print exceeded analysts’ expectations by 3.7%. Overall, it was a very strong quarter for the company with a beat of analysts’ EPS and EBITDA estimates.

Polaris delivered the weakest full-year guidance update of the whole group. Unsurprisingly, the stock is down 1.7% since reporting and currently trades at $69.95.

Is now the time to buy Polaris? Access our full analysis of the earnings results here, it’s free.

Best Q3: American Outdoor Brands (NASDAQ:AOUT)

Spun off from Smith and Wesson in 2020, American Outdoor Brands (NASDAQ:AOUT) is an outdoor and recreational products company that offers outdoor and shooting sports products but does not sell firearms themselves.

American Outdoor Brands reported revenues of $57.2 million, down 5% year on year, outperforming analysts’ expectations by 12.3%. The business had an incredible quarter with a beat of analysts’ EPS and EBITDA estimates.

American Outdoor Brands achieved the biggest analyst estimates beat among its peers. The market seems happy with the results as the stock is up 23.2% since reporting. It currently trades at $9.51.

Is now the time to buy American Outdoor Brands? Access our full analysis of the earnings results here, it’s free.

Weakest Q3: Ruger (NYSE:RGR)

Founded in 1949, Ruger (NYSE:RGR) is an American manufacturer of firearms for the commercial sporting market.

Ruger reported revenues of $126.8 million, up 3.7% year on year, exceeding analysts’ expectations by 2.1%. Still, it was a softer quarter as it posted a significant miss of analysts’ EBITDA and EPS estimates.

As expected, the stock is down 14.1% since the results and currently trades at $37.74.

Read our full analysis of Ruger’s results here.

Harley-Davidson (NYSE:HOG)

Founded in 1903, Harley-Davidson (NYSE:HOG) is an American motorcycle manufacturer known for its heavyweight motorcycles designed for cruising on highways.

Harley-Davidson reported revenues of $1.34 billion, up 16.5% year on year. This print topped analysts’ expectations by 2.8%. It was a stunning quarter as it also put up a beat of analysts’ EPS estimates and an impressive beat of analysts’ EBITDA estimates.

Harley-Davidson achieved the fastest revenue growth among its peers. The stock is down 24.2% since reporting and currently trades at $20.54.

Read our full, actionable report on Harley-Davidson here, it’s free.

Clarus (NASDAQ:CLAR)

Initially a financial services business, Clarus (NASDAQ:CLAR) designs, manufactures, and distributes outdoor equipment and lifestyle products.

Clarus reported revenues of $69.35 million, up 3.3% year on year. This number surpassed analysts’ expectations by 4.3%. Taking a step back, it was a satisfactory quarter as it also recorded an impressive beat of analysts’ adjusted operating income estimates but EPS in line with analysts’ estimates.

The stock is up 14.7% since reporting and currently trades at $3.74.

Read our full, actionable report on Clarus here, it’s free.

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