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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (59776)	6/3/2019 8:39:52 AM
From: Goose94	Read Replies (1) \| Respond to of 203763

BRP (DOO-T) Desjardins Securities analyst Benoit Poirier continues to rate BRP "buy" with a $65 share target, $10.65 ahead of the consensus. BRP posted first quarter results deemed "robust" by the analyst, pointing to support from all its business segments. Revenue of $1.33-billion was up 17 per cent year-over-year and ahead of the $1.25-billion projection of both Mr. Poirier and the Street. Normalized fully diluted earnings per share of 54 cents topped the analyst's forecast by two cents and the consensus estimate by a penny. Mr. Poirier says in a note: "While retail sales have been negatively impacted by a cold and wet spring season in the Canada and U.S., BRP posted solid retail sales growth of 17 per cent in 1Q. As a result, the company increased its normalized EPS guidance to $3.55–3.75 from $3.50–3.70, supported by stronger growth expectations for each reporting segment. BRP still expects to generate most of its FY20 normalized net income in 2H compared with the seasonal distribution in FY19, as solid momentum with SSV and the Ryker in 1H will be offset by higher investment in operating expenses."