The latest earnings for the maker of high-end coolers and water bottles were a bright spot in a tough year.
YETI Holdings, Inc. (NYSE:YETI ) Q3 2024 Earnings Conference Call November 7, 2024 8:00 AM ET Company Participants Maria Lycouris - IR Matt Reintjes - President and CEO Mike McMullen - CFO Conference Call Participants Peter Benedict - Baird Alexia Morgan - Piper Sandler Randy Konik - Jefferies LLC Philip Blee - William Blair Peter McGoldrick - Stifle Savannah Sommer - Goldman Sachs Operator Good morning, ladies and gentlemen. And welcome to the YETI Holdings Third Quarter 2024 Earnings Conference Call [Operator Instructions].
The headline numbers for Yeti (YETI) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Yeti (YETI) came out with quarterly earnings of $0.71 per share, beating the Zacks Consensus Estimate of $0.67 per share. This compares to earnings of $0.60 per share a year ago.
Beyond analysts' top -and-bottom-line estimates for Yeti (YETI), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended September 2024.
Investors looking for stocks in the Leisure and Recreation Products sector might want to consider either Yeti (YETI) or Sportradar Group AG (SRAD). But which of these two companies is the best option for those looking for undervalued stocks?
Investors with an interest in Leisure and Recreation Products stocks have likely encountered both Yeti (YETI) and Sportradar Group AG (SRAD). But which of these two stocks is more attractive to value investors?
YETI's ability to adapt to shifting market demands and strategic brand-building efforts bode well. However, macroeconomic challenges remain.
I am upgrading YETI to a buy rating, as the stock is now trading at a cheap ~13x forward P/E multiple on raised FY25 estimates. The company boosted its FY24 guidance expectations owing to strong execution in Q2, particularly in the cooler category. Despite competitive risks, YETI's strategic investments in infrastructure and international markets position it well for future growth.
Hold rating for Yeti Holdings stock due to uncertain macro backdrop. Strong innovation and new partnership deals are potential growth drivers. Pivoting production out of China is a positive move for cost savings and risk mitigation.
Earnings season is always good for a few surprises. One name that's surprising to the upside is YETI Holdings Inc. (NYSE: YETI).
Investors interested in stocks from the Leisure and Recreation Products sector have probably already heard of Yeti (YETI) and Sportradar Group AG (SRAD). But which of these two stocks offers value investors a better bang for their buck right now?