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Harley-Davidson (HOG) Q4 Earnings & Revenues Beat Estimates

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Milwaukee, WI-based Harley-Davidson Inc. (HOG - Free Report) is a leading manufacturer and seller of custom, cruiser and touring motorcycles.

Earnings

In the fourth-quarter, Harley-Davidson reported adjusted earnings of 54 cents per share, beating the Zacks Consensus Estimate of 46 cents. The diluted earnings in the year-ago quarter were 27 cents.

Revenues

Harley-Davidson reported motorcycle and related products revenue to $1.05 billion, higher than $933 million recorded in the year-ago quarter. Also, the figure surpassed the Zacks Consensus Estimate of $1.01 billion.

Harley-Davidson, Inc. Price and EPS Surprise

Estimate Trend & Surprise History

Investors should note that stock has not witnessed any change in the Zacks Consensus Estimate for the fourth-quarter earnings over the last 30 days.

In the trailing four quarters, the company delivered positive earnings surprises thrice and in-line with estimates ones, leading to an average beat of around 0.45%.

Key Stats/Developments to Note

For fiscal 2018, Harley-Davidson expects full-year motorcycle shipments to be roughly within the range of 231,000-236,000 units, a decline from 241,498 units recorded in fiscal 2017. Also, for the first-quarter 2018, it expects motorcycle shipments to be approximately 60,000-65,000 units.

Moreover, for fiscal 2018, the company anticipates capital expenditures from $250 million to $270 million, in comparison to $206 million in fiscal 2017. Further, the operating margin is estimated to roughly 9.5%-10.5%, in comparison to 12.5% in 2017.

Zacks Rank

Harley-Davidson holds a Zacks Rank #3 (Hold), but that could change following its earnings report which has just released. Meanwhile, you can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Check back later for our full write up on Harley-Davidson’s earnings report!

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