BRP Inc. (DOOO) Expected to Beat Earnings Estimates: Can the Stock Move Higher?

Company Overview - BRP Inc. (DOOO) is anticipated to report a year-over-year decline in earnings due to lower revenues for the quarter ended October 2024 [1] - The earnings report is scheduled for release on December 6, 2024, and could influence the stock price depending on whether the results meet or exceed expectations [2] Earnings Estimates - The consensus estimate for BRP's quarterly earnings is $0.50 per share, reflecting a significant year-over-year decrease of 77.8% [3] - Expected revenues for the quarter are projected to be $1.36 billion, which is a decline of 25.2% compared to the same quarter last year [4] Estimate Revisions - Over the past 30 days, the consensus EPS estimate has been revised down by 0.93%, indicating a reassessment by analysts [5] - The Most Accurate Estimate for BRP is higher than the Zacks Consensus Estimate, resulting in a positive Earnings ESP of +3.59% [11][12] Earnings Surprise Prediction - A positive Earnings ESP suggests a higher likelihood of BRP beating the consensus EPS estimate, especially given its Zacks Rank of 3 [13] - Historically, BRP has exceeded consensus EPS estimates in three out of the last four quarters, with a notable surprise of +104.55% in the last reported quarter [14][15] Industry Context - In the Zacks Automotive - Original Equipment industry, ChargePoint Holdings, Inc. (CHPT) is expected to report a loss of $0.09 per share, indicating a year-over-year change of +69% [19] - ChargePoint's revenue is projected to be $89.68 million, down 18.7% from the previous year, with a negative Earnings ESP of -14.29% and a Zacks Rank of 4 [20]