Harley-Davidson Inc. HOG is the world’s leading designer and manufacturer of heavyweight motorcycles and related products and merchandise. The large market share provides scale advantages over most competitors. Furthermore, the company maintains an extremely strong franchise.
Additionally, in order to increase its customer base, the company is expanding its product portfolio, making long-term investments and adding new dealerships to improve its international reach.
However, Harley-Davidson has been facing stiff competition from competitors, including heavy discounts. Its sales have also declined in the U.S. Retail motorcycle segment. The company has also been struggling to increase the operating income of the Financial Services segment.
Harley-Davidson, Inc. Price and EPS Surprise
Estimate Trend & Surprise History
Investors should note that the third-quarter earnings estimate for Harley-Davidson inched down over the last 30 days. The company delivered three positive earnings surprises in the trailing four quarters and missed in one, with an average beat of 0.01%. Investors have been eagerly awaiting Harley-Davidson’s latest earnings report to see whether it outperforms this time.
Harley-Davidson currently has a Zacks Rank #4 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
We have highlighted some of the key stats from this Wisconsin-based motorcycle manufacturer’s earnings announcement below:
Harley-Davidson raked in earnings of 40 cents, in line with the Zacks Consensus Estimate. Howover, earnings were lower than 64 cents recorded in the year-ago quarter.
Motorcycle and related products revenue declined to $962.1 million in third-quarter 2017, down from $1.1 billion in the year-ago quarter. However, revenues surpassed the Zacks Consensus Estimate of $960.8 million.
Harley-Davidson logged consolidated revenues of $1.15 billion, which declined from $1.27 billion posted a year-ago.
Key Stats/Developments to Note
Harley-Davidson reiterated its expectation to ship 241,000 to 246,000 motorcycles worldwide in 2017, which is roughly 6-8% down from the 2016 figures.
In the fourth quarter of 2017, Harley-Davidson expects to ship 46,700 to 51,700 motorcycles.
Check back later for our full write up on Harley-Davidson’s earnings report!
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>
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
To read this article on Zacks.com click here.
Zacks Investment Research