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Compared to Estimates, Harley-Davidson (HOG) Q3 Earnings: A Look at Key Metrics
ZACKS· 2024-10-24 16:31
For the quarter ended September 2024, Harley-Davidson (HOG) reported revenue of $881.21 million, down 32.5% over the same period last year. EPS came in at $0.91, compared to $1.38 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $970.25 million, representing a surprise of -9.18%. The company delivered an EPS surprise of +10.98%, with the consensus EPS estimate being $0.82.While investors scrutinize revenue and earnings changes year-over-year and how they compare with ...
Harley-Davidson (HOG) Q3 Earnings Beat Estimates
ZACKS· 2024-10-24 13:15
Harley-Davidson (HOG) came out with quarterly earnings of $0.91 per share, beating the Zacks Consensus Estimate of $0.82 per share. This compares to earnings of $1.38 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 10.98%. A quarter ago, it was expected that this motorcycle maker would post earnings of $1.43 per share when it actually produced earnings of $1.63, delivering a surprise of 13.99%.Over the last four quarters, the ...
Harley-Davidson Delivers Third Quarter Financial Results
Prnewswire· 2024-10-24 11:00
MILWAUKEE, Oct. 24, 2024 /PRNewswire/ -- Harley-Davidson, Inc. ("Harley-Davidson," "HDI," or the "Company") (NYSE: HOG) today reported third quarter 2024 results."We have worked diligently through the quarter to mitigate the impact of high interest rates, and macroeconomic and political uncertainty, that continue to put pressure on our industry and customers, especially in our core markets," said Jochen Zeitz, Chairman, President and CEO, Harley-Davidson. "We are very pleased with the reception of our touri ...
Harley-Davidson(HOG) - 2024 Q3 - Quarterly Results
2024-10-24 10:50
FOR IMMEDIATE RELEASE Harley-Davidson Delivers Third Quarter Financial Results MILWAUKEE (October 24, 2024) – Harley-Davidson, Inc. ("Harley-Davidson," "HDI," or the "Company") (NYSE: HOG) today reported third quarter 2024 results. "We have worked diligently through the quarter to mitigate the impact of high interest rates, and macroeconomic and political uncertainty, that continue to put pressure on our industry and customers, especially in our core markets," said Jochen Zeitz, Chairman, President and CEO, ...
Harley-Davidson Gears Up For Q3 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
Benzinga· 2024-10-24 06:32
Harley-Davidson, Inc. HOG will release earnings results for its third quarter, before the opening bell on Thursday, Oct. 24.Analysts expect the Milwaukee, Wisconsin-based company to report quarterly earnings at 79 cents per share, compared to $1.38 per share in the year-ago period. Harley-Davidson projects to report revenue of $965.78 million for the quarter, compared to $1.3 billion a year earlier, according to data from Benzinga Pro.On Sept. 4, the company's board approved a cash dividend of 17.25 cents p ...
Exploring Analyst Estimates for Harley-Davidson (HOG) Q3 Earnings, Beyond Revenue and EPS
ZACKS· 2024-10-22 14:21
Core Viewpoint - Harley-Davidson is expected to report a significant decline in quarterly earnings and revenues, with analysts revising their estimates downward, indicating potential challenges for the company in the upcoming period [1][2]. Financial Performance Estimates - Analysts predict Harley-Davidson will post quarterly earnings of $0.82 per share, a decline of 40.6% year-over-year [1]. - Revenues are forecasted at $970.25 million, reflecting a year-over-year decrease of 25.7% [1]. - The consensus EPS estimate has been revised 9.5% lower over the last 30 days, indicating a reevaluation of the company's performance by analysts [1]. Revenue Breakdown - Revenue from Motorcycles and related products is estimated at $970.25 million, down 25.2% from the prior year [2]. - Revenue from Parts & Accessories is projected at $161.35 million, indicating a decline of 12.8% year-over-year [2]. - Revenue from Live Wire is expected to reach $10.33 million, showing a year-over-year increase of 26.8% [3]. Sales and Shipments - Total worldwide retail sales of Harley-Davidson motorcycles are estimated at 40,144, down from 41,658 in the previous year [3]. - Worldwide motorcycle shipments are projected to be 32,922, compared to 45,269 a year ago [3]. - U.S. motorcycle shipments are expected to be 20,085, significantly lower than the 30,167 reported in the same quarter last year [4]. International Sales - Total international retail sales (excluding North America) are estimated at 14,270, slightly down from 14,312 year-over-year [4]. - Worldwide motorcycle shipments for Cruiser models are expected to be 9,909, down from 17,142 in the same quarter last year [4]. - Worldwide motorcycle shipments for Sport and Lightweight models are projected at 3,013, compared to 3,103 in the same quarter of the previous year [4]. Stock Performance - Over the past month, Harley-Davidson shares have declined by 8.3%, contrasting with a 2.8% increase in the Zacks S&P 500 composite [4]. - The company holds a Zacks Rank of 5 (Strong Sell), suggesting it may underperform the overall market in the near term [4].
Analysts Estimate Harley-Davidson (HOG) to Report a Decline in Earnings: What to Look Out for
ZACKS· 2024-10-17 15:06
Wall Street expects a year-over-year decline in earnings on lower revenues when Harley-Davidson (HOG) reports results for the quarter ended September 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on October 24, 2024, might help the stock move higher if these key numbers are better tha ...
Harley-Davidson, Inc. To Report Third Quarter Results On October 24, 2024
Prnewswire· 2024-10-03 21:00
Webcast Conference Call Scheduled for 8 a.m. CDTMILWAUKEE, Oct. 3, 2024 /PRNewswire/ -- Harley-Davidson, Inc. (NYSE: HOG) will release its third quarter 2024 financial results before market hours Thursday, October 24, 2024. The public is invited to attend an audio webcast from 8-9 a.m. CDT. Harley-Davidson, Inc. senior management will discuss financial results, developments in the business, and updates to the Company's outlook. A slide presentation supporting the discussion will be available prior to the au ...
Harley-Davidson Stock Downgraded on Dismal Outlook
Schaeffers Investment Research· 2024-10-02 14:49
Baird downgraded Harley-Davidson Inc (NYSE:HOG) to "neutral" from "buy" earlier, with the analyst in question citing lackluster retail guidance for the third quarter and an inventory surplus. In addition, the brokerage firm slashed its price objective on the equity to $40 from $44.HOG was last seen down 3.6% to trade at $36.65 in response. The security once again came short of the $40 level last week, which also rejected its April rally. Harley-Davidson stocks sports only a modest year-to-date lead, but in ...
Harley-Davidson recalls 41K motorcycles over wiring issue that could cause loss of power
Fox Business· 2024-09-25 15:46
Harley-Davidson is recalling about 41,600 motorcycles over concerns that wiring inside the bikes could experience a short circuit and cause a loss of power. The company said in a report filed with the National Highway Traffic Safety Administration (NHTSA) that the recalled 2024 FLHX, FLHXSE, FLTRX, FLTRXSE and FLTRXSTSE motorcycles could experience a short circuit if their voltage regulator output wire becomes exposed from rubbing against the crankcase."If a short to ground occurs, the 60-amp main fuse may ...