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Harley-Davidson (HOG) Q1 Earnings Top Estimate, Revenue Miss
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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 from competitors, including heavy discounts. 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 first-quarter earnings estimate for Harley-Davidson inched up over the last 60 days. The company delivered three positive earnings surprises in the trailing four quarters and missed in one, with an average miss of 1.62%. 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 #3 (Hold). We have highlighted some of the key stats from this Wisconsin-based motorcycle manufacturer’s earnings announcement below:
Earnings Estimates
Harley-Davidson raked in earnings of $1.05 per share that surpassed the Zacks Consensus Estimate of 99 cents. However, earnings were lower than $1.36 recorded in the year-ago quarter.
Revenues Estimates
Revenues (excluding financial services) declined to $1.33 billion in first-quarter 2017 from $1.58 billion in the year-ago quarter. The figure narrowly missed the Zacks Consensus Estimate of $1.35 billion.
Harley-Davidson logged consolidated revenues of $1.5 billion, which deteriorated from $1.75 billion posted a year-ago.
Key Stats/Developments to Note
Harley-Davidson continues to expect motorcycle shipments in 2017 to be either the same or slightly lower than 2016.
In the second quarter of 2017, Harley-Davidson expects to ship 80,000 to 85,000 motorcycles.
Market Reaction
Harley-Davidson’s shares have fallen 4.1% 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!
Sell These Stocks. Now.
Just released, today's 220 Zacks Rank #5 Strong Sells demand urgent attention. If any are lurking in your portfolio or Watch List, they should be removed immediately. These sinister companies because many appear to be sound investments. However, from 1988 through 2016, stocks from our Strong Sell list have actually performed 6X worse than the S&P 500.
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Harley-Davidson (HOG) Q1 Earnings Top Estimate, Revenue Miss
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 from competitors, including heavy discounts. 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 first-quarter earnings estimate for Harley-Davidson inched up over the last 60 days. The company delivered three positive earnings surprises in the trailing four quarters and missed in one, with an average miss of 1.62%. Investors have been eagerly awaiting Harley-Davidson’s latest earnings report to see whether it outperforms this time.
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 #3 (Hold). We have highlighted some of the key stats from this Wisconsin-based motorcycle manufacturer’s earnings announcement below:
Earnings Estimates
Harley-Davidson raked in earnings of $1.05 per share that surpassed the Zacks Consensus Estimate of 99 cents. However, earnings were lower than $1.36 recorded in the year-ago quarter.
Revenues Estimates
Revenues (excluding financial services) declined to $1.33 billion in first-quarter 2017 from $1.58 billion in the year-ago quarter. The figure narrowly missed the Zacks Consensus Estimate of $1.35 billion.
Harley-Davidson logged consolidated revenues of $1.5 billion, which deteriorated from $1.75 billion posted a year-ago.
Key Stats/Developments to Note
Harley-Davidson continues to expect motorcycle shipments in 2017 to be either the same or slightly lower than 2016.
In the second quarter of 2017, Harley-Davidson expects to ship 80,000 to 85,000 motorcycles.
Market Reaction
Harley-Davidson’s shares have fallen 4.1% 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!
Sell These Stocks. Now.
Just released, today's 220 Zacks Rank #5 Strong Sells demand urgent attention. If any are lurking in your portfolio or Watch List, they should be removed immediately. These sinister companies because many appear to be sound investments. However, from 1988 through 2016, stocks from our Strong Sell list have actually performed 6X worse than the S&P 500.
See today's Zacks "Strong Sells" absolutely free >>