Outdoor lifestyle products brand (NYSE: YETI) will be reporting results this Thursday morning. Here’s what investors should know.
YETI met analysts’ revenue expectations last quarter, reporting revenues of $583.7 million, up 5.1% year on year. It was a mixed quarter for the company, with a beat of analysts’ EPS estimates but full-year EPS guidance missing analysts’ expectations.
Is YETI a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting YETI’s revenue to grow 6.6% year on year, improving from the 2.9% increase it recorded in the same quarter last year.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. YETI rarely misses Wall Street’s revenue estimates.
Looking at YETI’s peers in the consumer discretionary - leisure products segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Malibu Boats delivered year-on-year revenue growth of 3.1%, beating analysts’ expectations by 10.3%, and MasterCraft reported revenues up 3%, topping estimates by 3.7%. Malibu Boats traded up 18.1% following the results while MasterCraft was also up 13.4%.
Read our full analysis of Malibu Boats’s results here and MasterCraft’s results here.
Investors in the consumer discretionary - leisure products segment have had steady hands going into earnings, with share prices flat over the last month. YETI is up 7.1% during the same time and is heading into earnings with an average analyst price target of $50.47 (compared to the current share price of $39.49).
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