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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 first-quarter, Harley-Davidson reported adjusted earnings of $1.03 per share, beating the Zacks Consensus Estimate of 89 cents. The diluted earnings in the year-ago quarter were $1.05.
Revenues
Harley-Davidson reported motorcycle and related products revenue to $1.36 billion, higher than $1.33 billion recorded in the year-ago quarter. Also, the figure surpassed the Zacks Consensus Estimate of $1.26 billion.
Estimate Trend & Surprise History
Investors should note that stock has witnessed an upward trend in the Zacks Consensus Estimate over the last seven 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 7.87%.
For 2018, Harley-Davidson reaffirmed its full-year motorcycle shipments to be within the range of 231,000-236,000 units. Also, for second-quarter 2018, the company expects motorcycle shipments to be approximately 67,500-72,500 units.
Moreover, for 2018, the company anticipates capital expenditures within $250-$270 million band. Further, the operating margin is estimated at nearly 9.5-10.5%.
Check back later for our full write up on Harley-Davidson’s earnings report!
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With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
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Harley-Davidson (HOG) Q1 Earnings Beat, Reaffirms Guidance
Milwaukee, WI-based Harley-Davidson, Inc. (HOG - Free Report) is a leading manufacturer and seller of custom, cruiser and touring motorcycles.
Earnings
In the first-quarter, Harley-Davidson reported adjusted earnings of $1.03 per share, beating the Zacks Consensus Estimate of 89 cents. The diluted earnings in the year-ago quarter were $1.05.
Revenues
Harley-Davidson reported motorcycle and related products revenue to $1.36 billion, higher than $1.33 billion recorded in the year-ago quarter. Also, the figure surpassed the Zacks Consensus Estimate of $1.26 billion.
Estimate Trend & Surprise History
Investors should note that stock has witnessed an upward trend in the Zacks Consensus Estimate over the last seven 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 7.87%.
Harley-Davidson, Inc. Price and EPS Surprise
Harley-Davidson, Inc. Price and EPS Surprise | Harley-Davidson, Inc. Quote
Key Stats/Developments to Note
For 2018, Harley-Davidson reaffirmed its full-year motorcycle shipments to be within the range of 231,000-236,000 units. Also, for second-quarter 2018, the company expects motorcycle shipments to be approximately 67,500-72,500 units.
Moreover, for 2018, the company anticipates capital expenditures within $250-$270 million band. Further, the operating margin is estimated at nearly 9.5-10.5%.
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!
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
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