Scotiabank Issues Optimistic Forecast for BRP Earnings

Key Points

• Scotiabank raised its FY2027 EPS forecast for BRP to $4.33 from $3.42, while maintaining a “Sector Perform” rating and an $83 price target.
• Analyst sentiment is broadly positive, with BRP holding a consensus “Moderate Buy” rating and an average target price of C$103.93.
• BRP reported quarterly revenue of C$2.24 billion and a loss of C$0.18 per share; its shares opened at C$84.43, near their 50- and 200-day moving averages.

BRP Inc. (TSE:DOO - Free Report) - Equities researchers at Scotiabank upped their FY2027 earnings estimates for BRP in a report released on Thursday, September 10th. Scotiabank analyst J. Goldman now expects that the company will earn $4.33 per share for the year, up from their previous forecast of $3.42. Scotiabank has a "Sector Perform" rating and a $83.00 price objective on the stock. The consensus estimate for BRP's current full-year earnings is $6.89 per share.

A number of other equities analysts have also recently commented on the company. Stifel Nicolaus cut BRP from a "buy" rating to a "hold" rating and decreased their price target for the stock from C$92.00 to C$85.00 in a research note on Friday, May 29th. TD raised BRP from a "hold" rating to a "buy" rating and increased their price objective for the company from C$92.00 to C$106.00 in a research note on Wednesday, August 19th. TD Securities upgraded shares of BRP from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 18th. National Bank Financial upgraded shares of BRP from a "hold" rating to an "outperform" rating and raised their target price for the stock from C$98.00 to C$112.00 in a report on Thursday, September 3rd. Finally, Desjardins lifted their target price on shares of BRP from C$97.00 to C$103.00 and gave the stock a "buy" rating in a research note on Monday, June 1st. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, BRP currently has a consensus rating of "Moderate Buy" and an average target price of C$103.93.

BRP Trading Down 0.2%

Shares of DOO stock opened at C$84.43 on Tuesday. The stock has a market capitalization of C$6.01 billion, a PE ratio of 55.91, a P/E/G ratio of 2.05 and a beta of 0.68. BRP has a 1-year low of C$67.11 and a 1-year high of C$112.26. The business has a 50-day moving average of C$87.24 and a 200 day moving average of C$86.58. The company has a debt-to-equity ratio of 912.53, a current ratio of 1.19 and a quick ratio of 0.20.

BRP (TSE:DOO - Get Free Report) last released its quarterly earnings data on Thursday, September 3rd. The company reported C($0.18) EPS for the quarter. BRP had a return on equity of 20.51% and a net margin of 1.21%.The company had revenue of C$2.24 billion during the quarter.

BRP Company Profile

BRP Inc is a global leader in the world of powersports products and powertrains, built on over 80 years of ingenuity, innovation, and intensive consumer focus. Through its portfolio of industry-leading and distinctive brands featuring Ski-Doo and Lynx snowmobiles, Sea-Doo watercraft and pontoons, Can-Am on- and off-road vehicles, Quintrex boats as well as Rotax engines for karts, recreational aircraft and jet boats, BRP unlocks exhilarating adventures and provides access to experiences across different playgrounds.

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