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Leisure Stocks to Report Q2 Earnings This Week: PII, POOL
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The Q2 earnings season is picking pace with 36 of the S&P 500 members (as of Jul 15) having already reported their results. Though the growth pace seems to have improved in the second quarter, the expectations for overall earnings growth is still perceived to be negative, hinting at a scenario which is far from rosy.
Per our latest earnings preview article, total S&P 500 earnings are expected to be down 5.4% owing to 0.5% lower revenues for the quarter. Moreover, challenges are expected to dent the performance in the upcoming quarter as well with growth unlikely before late 2016.
Leisure Stocks in Focus
Turning to the leisure stocks, we note that the first quarter was somewhat lackluster. This was attributable to factors such as a strong dollar, challenges posed by new technology and a damaging international performance.
Leisure companies usually see an uptick during the spring and summer seasons. Yet, the performance of the leisure stocks has been far from impressive so far.
Among the leisure stocks that reported last week, ClubCorp Holdings, Inc. missed the Zacks Consensus Estimate for both earnings and revenues. Meanwhile, owner and operator of ski resorts in the U.S., Peak Resorts, Inc. missed the Zacks Consensus Estimate for earnings but beat the same for revenues.
Two leisure companies are set to report their quarterly numbers this week. Will these companies manage to put up a decent performance? Let’s take a look at what might be in store for them this quarter:
Polaris Industries Inc. (PII - Free Report) is slated to release second-quarter 2016 results on Jul 20, before the market opens.
Last quarter, Polaris Industries posted a 2.90% positive earnings surprise. However, the company registered negative earnings surprises in two of the past four quarters, with an average miss of 0.93%
For Q2, the company has an Earnings ESP of -3.74% and a Zacks Rank #4 (Sell). The Zacks Consensus Estimate for the quarter is pegged at $1.07.
Pool Corp. (POOL - Free Report) , world's largest wholesale distributor of swimming pool supplies, equipment and related products, is scheduled to post second-quarter 2016 financial numbers on Jul 21, before the opening bell.
Last quarter, Pool posted a 52.00% positive earnings surprise. In fact, the company outpaced/met the Zacks Consensus Estimate in all of the last four quarters, with an average beat of 189.16%.
The company has an Earnings ESP of 0.00% and a Zacks Rank #3 (Hold). The Zacks Consensus Estimate for the quarter is pegged at $1.91 per share.
Base business sales growth and favorable trends in the housing market should boost Pool’s top and bottom line performance in the to-be-reported quarter. Moreover, the company has been witnessing strong growth in the pool renovation category, along with reasonable growth in green segment’s sales. We expect these positive trends to continue in Q2. However, the new pool construction will remain a drag which, coupled with currency headwinds, will limit revenue growth to some extent.
Stay tuned! Check back on our full write-up on earnings releases of these stocks.
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Leisure Stocks to Report Q2 Earnings This Week: PII, POOL
The Q2 earnings season is picking pace with 36 of the S&P 500 members (as of Jul 15) having already reported their results. Though the growth pace seems to have improved in the second quarter, the expectations for overall earnings growth is still perceived to be negative, hinting at a scenario which is far from rosy.
Per our latest earnings preview article, total S&P 500 earnings are expected to be down 5.4% owing to 0.5% lower revenues for the quarter. Moreover, challenges are expected to dent the performance in the upcoming quarter as well with growth unlikely before late 2016.
Leisure Stocks in Focus
Turning to the leisure stocks, we note that the first quarter was somewhat lackluster. This was attributable to factors such as a strong dollar, challenges posed by new technology and a damaging international performance.
Leisure companies usually see an uptick during the spring and summer seasons. Yet, the performance of the leisure stocks has been far from impressive so far.
Among the leisure stocks that reported last week, ClubCorp Holdings, Inc. missed the Zacks Consensus Estimate for both earnings and revenues. Meanwhile, owner and operator of ski resorts in the U.S., Peak Resorts, Inc. missed the Zacks Consensus Estimate for earnings but beat the same for revenues.
Two leisure companies are set to report their quarterly numbers this week. Will these companies manage to put up a decent performance? Let’s take a look at what might be in store for them this quarter:
Polaris Industries Inc. (PII - Free Report) is slated to release second-quarter 2016 results on Jul 20, before the market opens.
Last quarter, Polaris Industries posted a 2.90% positive earnings surprise. However, the company registered negative earnings surprises in two of the past four quarters, with an average miss of 0.93%
POLARIS INDUS Price and EPS Surprise
POLARIS INDUS Price and EPS Surprise | POLARIS INDUS Quote
For Q2, the company has an Earnings ESP of -3.74% and a Zacks Rank #4 (Sell). The Zacks Consensus Estimate for the quarter is pegged at $1.07.
Pool Corp. (POOL - Free Report) , world's largest wholesale distributor of swimming pool supplies, equipment and related products, is scheduled to post second-quarter 2016 financial numbers on Jul 21, before the opening bell.
Last quarter, Pool posted a 52.00% positive earnings surprise. In fact, the company outpaced/met the Zacks Consensus Estimate in all of the last four quarters, with an average beat of 189.16%.
POOL CORP Price and EPS Surprise
POOL CORP Price and EPS Surprise | POOL CORP Quote
The company has an Earnings ESP of 0.00% and a Zacks Rank #3 (Hold). The Zacks Consensus Estimate for the quarter is pegged at $1.91 per share.
Base business sales growth and favorable trends in the housing market should boost Pool’s top and bottom line performance in the to-be-reported quarter. Moreover, the company has been witnessing strong growth in the pool renovation category, along with reasonable growth in green segment’s sales. We expect these positive trends to continue in Q2. However, the new pool construction will remain a drag which, coupled with currency headwinds, will limit revenue growth to some extent.
Stay tuned! Check back on our full write-up on earnings releases of these stocks.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>