Arctic Cat Lowers FY17 Outlook - Quick Facts

(RTTNews) - Arctic Cat Inc. (ACAT) announced for the fiscal year ending March 31, 2017, the company is lowering estimated full-year net sales and earnings range, reflecting a weakened powersports market, unfavorable macroeconomic trends, unfavorable product mix, and a highly competitive promotional environment. The company now anticipates fiscal 2017 net sales of $600 million to $640 million, and net earnings to range from a loss of $1.00 per share to $1.40 per share, which reflects a return to profitability in the second half of the fiscal year. Previously, Arctic Cat estimated its fiscal 2017 full-year net earnings to range from a loss of $0.70 per share to a loss of $1.00 per share.

Analysts polled by Thomson Reuters expect the company to report a loss per share of $0.92 on revenue of $627.08 million. Analysts' estimates typically exclude special items.