Stock Track | BRP Inc. (DOOO) Soars 12.35% in Pre-Market on Raised FY25 Profit Outlook

Stock Track
Dec 06, 2024

BRP Inc. (DOOO), the Canadian recreational vehicle manufacturer, saw its stock surge 12.35% in the pre-market session on Friday. This significant price movement appears to be driven by the company raising its fiscal year 2025 normalized earnings per share (EPS) guidance.

According to the news, BRP increased its FY25 normalized EPS outlook to C$4.25-C$4.75, up from the previous guidance of C$2.75-C$3.25. The company also raised its FY25 normalized EBITDA view to C$1.02B-C$1.07B, while lowering its FY25 revenue forecast to C$7.6B-C$7.8B from C$7.8B-C$8B.

The upward revision in profit projections suggests BRP's confidence in its ability to deliver stronger earnings despite potentially lower sales. Investors seem to be reacting positively to this guidance update, driving the pre-market rally in the company's stock price.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10