Desjardins Comments on BRP Inc’s Q2 2021 Earnings (TSE:DOO)

BRP Inc (TSE:DOO) – Equities researchers at Desjardins issued their Q2 2021 earnings per share (EPS) estimates for shares of BRP in a note issued to investors on Monday, March 23rd. Desjardins analyst B. Poirier forecasts that the company will post earnings of ($0.22) per share for the quarter. Desjardins also issued estimates for BRP’s Q3 2021 earnings at $0.49 EPS, Q4 2021 earnings at $0.24 EPS, FY2021 earnings at $3.83 EPS and FY2022 earnings at $0.97 EPS.

Other analysts have also recently issued reports about the company. Canaccord Genuity reduced their price target on BRP from C$80.00 to C$40.00 in a report on Monday. BMO Capital Markets cut BRP from an “outperform” rating to a “market perform” rating and reduced their price target for the company from C$72.00 to C$26.00 in a report on Monday. CIBC cut BRP from an “outperform” rating to a “neutral” rating and reduced their price target for the company from C$70.00 to C$28.00 in a report on Monday. Northcoast Research cut BRP from a “buy” rating to a “neutral” rating in a report on Friday, February 21st. Finally, TD Securities cut BRP from a “buy” rating to a “hold” rating and reduced their price target for the company from C$74.00 to C$30.00 in a report on Monday. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of C$46.20.

BRP stock opened at C$26.28 on Thursday. BRP has a twelve month low of C$18.56 and a twelve month high of C$75.37. The stock has a 50 day moving average of C$53.73 and a two-hundred day moving average of C$57.44. The stock has a market capitalization of $1.83 billion and a price-to-earnings ratio of 7.50.

BRP (TSE:DOO) last posted its quarterly earnings data on Friday, March 20th. The company reported C$1.12 earnings per share for the quarter, topping analysts’ consensus estimates of C$1.06 by C$0.06. The company had revenue of C$1.62 billion for the quarter, compared to analyst estimates of C$1.52 billion.

About BRP

BRP Inc, together with its subsidiaries, designs, develops, manufactures, distributes, and markets powersport vehicles and marine products worldwide. It operates through two segments, Powersports and Marine. The company offers all-terrain, side-by-side, and three-wheeled vehicles; seasonal products consisting of snowmobiles and personal watercraft; and propulsion systems comprising engines for outboard and jet boats, karts, motorcycles, and recreational aircraft.

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Earnings History and Estimates for BRP (TSE:DOO)

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