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Will BRP (DOOO) Beat Estimates Again in Its Next Earnings Report?
BRPBRP(US:BRP) ZACKSยท2024-11-08 18:10

Core Insights - BRP Inc. is well-positioned to continue its earnings-beat streak, having a strong history of surpassing earnings estimates, particularly in the last two reports with an average surprise of 56.12% [1][3] Earnings Performance - In the last reported quarter, BRP achieved earnings of $0.45 per share, exceeding the Zacks Consensus Estimate of $0.22 per share, resulting in a surprise of 104.55% [2] - For the previous quarter, BRP was expected to post earnings of $0.65 per share but delivered $0.70 per share, yielding a surprise of 7.69% [2] Earnings Estimates - Recent estimates for BRP have been trending upward, with a positive Earnings ESP of +12.21%, indicating increased analyst optimism regarding the company's earnings prospects [3][6] - The combination of a positive Earnings ESP and a Zacks Rank of 3 (Hold) suggests a high likelihood of another earnings beat [6] Predictive Metrics - Stocks with a positive Earnings ESP and a Zacks Rank of 3 or better have historically produced a positive surprise nearly 70% of the time, indicating a strong correlation between these metrics and earnings performance [4] - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, with the Most Accurate Estimate reflecting the latest analyst revisions, which may provide a more accurate prediction [5]