YETI (YETI) Q4 Earnings: What To Expect
Outdoor lifestyle products brand (NYSE:YETI) will be announcing earnings results tomorrow before market hours. Here's what to look for.
Last quarter YETI reported revenues of $433.6 million, flat 0% year on year, beating analyst revenue expectations by 1.4%. It was a decent quarter for the company, with a beat of analysts' revenue and EPS estimates.
Is YETI buy or sell heading into the earnings? Read our full analysis here, it's free.
This quarter analysts are expecting YETI's revenue to grow 19.6% year on year to $535.9 million, improving on the 1.1% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.96 per share.
Majority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings. The company missed Wall St's revenue estimates three times over the last two years.
Looking at YETI's peers in the leisure products segment, some of them have already reported Q4 earnings results, giving us a hint of what we can expect. 1-800-FLOWERS's revenues decreased 8.4% year on year, missing analyst estimates by 0.5% and Sonos reported revenue decline of 8.9% year on year, exceeding estimates by 4.4%. 1-800-FLOWERS traded up 0.1% on the results, and Sonos was up 15.3%.
Read our full analysis of 1-800-FLOWERS's results here and Sonos's results here.
There has been positive sentiment among investors in the leisure products segment, with the stocks up on average 3.2% over the last month. YETI is up 2.4% during the same time, and is heading into the earnings with analyst price target of $47.8, compared to share price of $46.94.
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