Outdoor lifestyle products brand (NYSE:YETI) will be reporting results tomorrow morning. Here’s what to expect.
YETI beat analysts’ revenue expectations by 1.5% last quarter, reporting revenues of $478.4 million, up 10.4% year on year. It was a satisfactory quarter for the company, with a decent beat of analysts’ EPS estimates.
Is YETI a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting YETI’s revenue to grow 6.3% year on year to $552.5 million, slowing from the 16% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.93 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. YETI has missed Wall Street’s revenue estimates twice over the last two years.
Looking at YETI’s peers in the leisure products segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Malibu Boats’s revenues decreased 5.1% year on year, beating analysts’ expectations by 4.8%, and MasterCraft reported a revenue decline of 29.4%, topping estimates by 4.4%. Malibu Boats’s stock price was unchanged after the results, while MasterCraft was up 8.7%.
Read our full analysis of Malibu Boats’s results here and MasterCraft’s results here.
There has been positive sentiment among investors in the leisure products segment, with share prices up 2.7% on average over the last month. YETI’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $45.50 (compared to the current share price of $37.51).
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