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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 second-quarter, Harley-Davidson reported adjusted earnings of $1.45 per share, beating the Zacks Consensus Estimate of $1.35. The adjusted earnings in the year-ago quarter was $1.48.
Revenues
Harley-Davidson reported motorcycle and related products revenue to $1.53 billion, lower than $1.58 billion recorded in the year-ago quarter. However, the figure surpassed the Zacks Consensus Estimate of $1.42 billion.
Estimate Trend & Surprise History
Investors should note that stock has witnessed the Zacks Consensus Estimate for annual earnings for annual earnings being revised 0.9% downward over the last seven days.
Of the trailing four quarters, the company surpassed estimates in three while meeting in one. The average positive surprise was 10.3%.
For 2018, Harley-Davidson reaffirmed its full-year motorcycle shipments to be 231,000-236,000 units. Also, for third-quarter 2018, it expects motorcycle shipments to be approximately 45,500-50,500 units.
Moreover, for 2018, the company reaffirmed its capital expenditures to be $250-$270 million, which includes roughly $50 million for manufacturing optimization.
Check back later for our full write up on Harley-Davidson’s earnings report!
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
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Harley-Davidson (HOG) Q2 Earnings & Revenues Beat Estimates
Milwaukee, WI-based Harley-Davidson, Inc. (HOG - Free Report) is a leading manufacturer and seller of custom, cruiser and touring motorcycles.
Earnings
In the second-quarter, Harley-Davidson reported adjusted earnings of $1.45 per share, beating the Zacks Consensus Estimate of $1.35. The adjusted earnings in the year-ago quarter was $1.48.
Revenues
Harley-Davidson reported motorcycle and related products revenue to $1.53 billion, lower than $1.58 billion recorded in the year-ago quarter. However, the figure surpassed the Zacks Consensus Estimate of $1.42 billion.
Estimate Trend & Surprise History
Investors should note that stock has witnessed the Zacks Consensus Estimate for annual earnings for annual earnings being revised 0.9% downward over the last seven days.
Of the trailing four quarters, the company surpassed estimates in three while meeting in one. The average positive surprise was 10.3%.
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 231,000-236,000 units. Also, for third-quarter 2018, it expects motorcycle shipments to be approximately 45,500-50,500 units.
Moreover, for 2018, the company reaffirmed its capital expenditures to be $250-$270 million, which includes roughly $50 million for manufacturing optimization.
Zacks Rank
Harley-Davidson holds a Zacks Rank #4 (Sell), 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!
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>