BRP (DOOO) Stock

BRP Inc. (DOOO) Q4 2024 Earnings Call Transcript

BRP (DOOO) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

VALCOURT, QC , March 7, 2024 /PRNewswire/ - BRP Inc. (TSX: DOO) (NASDAQ: DOOO) will hold its fourth quarter FY24 financial results conference call on Thursday, March 28, 2024. José Boisjoli, President and Chief Executive Officer, and Sébastien Martel, Chief Financial Officer, will present the results of the fourth quarter of FY24 and address questions from analysts on a conference call at 9 a.m.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

BRP Inc. is an industry leader in powersports vehicles with a track record of market share growth. At US $66, the current market price has already priced in short-term risks. Valuation suggests a 12-month upside of more than 30%. The company's M25 focus will allow it to expand its marine market share and diversify its customer base.

Some of my favorite articles to write are those that highlight possible turnaround stocks. These are stocks whose share prices have been hammered over a short period.

Bombardier Recreational Products is home to the popular Can-Am, Ski-Doo, and Sea-Doo brands. The company maintains a co-leadership position alongside Polaris in the powersports industry.

BRP Inc. (NASDAQ:DOOO ) Q3 2024 Earnings Conference Call November 30, 2023 9:00 AM ET Company Participants Philippe Deschênes - Director of Investor Relations José Boisjoli - President & Chief Executive Officer Sébastien Martel - Chief Financial Officer Conference Call Participants Craig Kennison - Baird Robin Farley - UBS James Hardiman - Citi Martin Landry - Stifel Joe Altobello - Raymond James Benoit Poirier - Desjardin Capital Markets Xian Siew - BNP Paribas Jonathan Goldman - Scotiabank Jaime Katz - Morningstar Luke Hannan - Canaccord Genuity Cameron Doerksen - National Bank Financial Mark Petrie - CIBC World Markets Tristan Thomas-Martin - BMO Capital Markets Sabahat Khan - RBC Capital Markets Brian Morrison - TD Securities Operator Good morning, ladies and gentlemen and welcome to the BRP Inc.'s Fiscal Year 2024 Third Quarter Results Conference Call. For participants who use the telephone line, it is recommended to turn off the sound on your device.

The company's revenue increased by 13.9% YoY, while operating margin reached 13.6%. Despite macro uncertainty, the company's target consumer continues to be in strong financial shape. I believe that the company will continue to show strong results in the coming quarters, while the company's shares are priced at a relatively low price. My recommendation is buy.