Outdoor lifestyle products brand (NYSE: YETI) will be announcing earnings results this Thursday before market hours. Here’s what to look for.
YETI missed analysts’ revenue expectations by 3.7% last quarter, reporting revenues of $445.9 million, down 3.8% year on year. It was a very strong quarter for the company, with full-year EPS guidance exceeding analysts’ expectations and a solid beat of analysts’ adjusted operating income estimates.
Is YETI a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting YETI’s revenue to be flat year on year at $480.2 million, slowing from the 10.4% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.58 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 three times over the last two years.
Looking at YETI’s peers in the leisure products segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Harley-Davidson delivered year-on-year revenue growth of 16.5%, beating analysts’ expectations by 2.8%, and Malibu Boats reported revenues up 13.5%, topping estimates by 4.3%. Malibu Boats traded down 14.6% following the results.
Read our full analysis of Harley-Davidson’s results here and Malibu Boats’s results here.
The outlook for 2025 remains clouded by potential trade policy changes and corporate tax discussions, which could impact business confidence and growth. While some of the leisure products stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 7% on average over the last month. YETI is down 4% during the same time and is heading into earnings with an average analyst price target of $37.93 (compared to the current share price of $32.94).
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