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Harley-Davidson (HOG) Q4 Earnings Miss, Shares Fall
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Harley-Davidson Inc. (HOG - Free Report) 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. It is also expanding its product portfolio to increase its customer base.
However, Harley-Davidson has been facing challenges like heavy discounts by competitors and unfavorable foreign currency exchange. The company has also been struggling to increase the operating income of the Financial Services segment.
Estimate Trend & Surprise History
Investors should note that the fourth-quarter earnings estimate for Harley-Davidson inched down by a cent over the last 60 days. However, the company has a track record of delivering positive earnings surprises. It has beaten the Zacks Consensus Estimate in each of the trailing four quarters with an average beat of 6.24%. Investors have been eagerly awaiting Harley-Davidson’s latest earnings report to see whether it outperforms this time as well.
Harley-Davidson currently has a Zacks Rank #4 (Sell), but that could change following its earnings report which was just released. We have highlighted some of the key stats from this Wisconsin-based motorcycle manufacturer’s earnings announcement below:
Earnings Miss Estimates
Harley-Davidson raked in earnings of 27 cents per share that missed the Zacks Consensus Estimate of 32 cents. However, earnings were higher than 22 cents recorded in the year-ago quarter.
Revenues Miss Estimates
Revenues (excluding financial services) declined to $933 million in fourth-quarter 2016 from $1.01 billion in the year-ago quarter. The figure missed the Zacks Consensus Estimate of $986 million.
Harley-Davidson logged consolidated revenues of $1.11 billion, which deteriorated from $1.18 billion posted a year-ago.
Key Stats/Developments to Note
Harley-Davidson expects motorcycle shipments in 2017 to be either the same or slightly lower than 2016.
In the first quarter of 2017, Harley-Davidson expects to ship 66,000 to 71,000 motorcycles, compared with 83,036 motorcycles shipped in the year-ago period.
Market Reaction
Harley-Davidson’s shares have fallen 2.3% in pre-market trading so far following the release. Clearly, the initial reaction to the report is negative.
Check back later for our full write up on Harley-Davidson’s earnings report!
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Harley-Davidson (HOG) Q4 Earnings Miss, Shares Fall
Harley-Davidson Inc. (HOG - Free Report) 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. It is also expanding its product portfolio to increase its customer base.
However, Harley-Davidson has been facing challenges like heavy discounts by competitors and unfavorable foreign currency exchange. The company has also been struggling to increase the operating income of the Financial Services segment.
Estimate Trend & Surprise History
Investors should note that the fourth-quarter earnings estimate for Harley-Davidson inched down by a cent over the last 60 days. However, the company has a track record of delivering positive earnings surprises. It has beaten the Zacks Consensus Estimate in each of the trailing four quarters with an average beat of 6.24%. Investors have been eagerly awaiting Harley-Davidson’s latest earnings report to see whether it outperforms this time as well.
Harley-Davidson, Inc. Price and EPS Surprise
Harley-Davidson, Inc. Price and EPS Surprise | Harley-Davidson, Inc. Quote
Zacks Rank
Harley-Davidson currently has a Zacks Rank #4 (Sell), but that could change following its earnings report which was just released. We have highlighted some of the key stats from this Wisconsin-based motorcycle manufacturer’s earnings announcement below:
Earnings Miss Estimates
Harley-Davidson raked in earnings of 27 cents per share that missed the Zacks Consensus Estimate of 32 cents. However, earnings were higher than 22 cents recorded in the year-ago quarter.
Revenues Miss Estimates
Revenues (excluding financial services) declined to $933 million in fourth-quarter 2016 from $1.01 billion in the year-ago quarter. The figure missed the Zacks Consensus Estimate of $986 million.
Harley-Davidson logged consolidated revenues of $1.11 billion, which deteriorated from $1.18 billion posted a year-ago.
Key Stats/Developments to Note
Harley-Davidson expects motorcycle shipments in 2017 to be either the same or slightly lower than 2016.
In the first quarter of 2017, Harley-Davidson expects to ship 66,000 to 71,000 motorcycles, compared with 83,036 motorcycles shipped in the year-ago period.
Market Reaction
Harley-Davidson’s shares have fallen 2.3% in pre-market trading so far following the release. Clearly, the initial reaction to the report is negative.
Check back later for our full write up on Harley-Davidson’s earnings report!
Zacks' Top 10 Stocks for 2017
In addition to the stocks discussed above, would you like to know about our 10 finest tickers for the entirety of 2017?
Who wouldn't? These 10 are painstakingly hand-picked from 4,400 companies covered by the Zacks Rank. They are our primary picks to buy and hold. Be among the very first to see them >>