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.
Harley-Davidson Inc.'s stock fell 2% early Thursday, after the iconic motorbike maker topped estimates for the third quarter despite steep declines in profit and revenue, but lowered its full-year guidance to reflect a still-struggling consumer.
Harley-Davidson trimmed its revenue forecast for the year as sticky inflation and high borrowing costs hurt demand for motorcycles in North America.
Harley-Davidson, Inc. HOG will release earnings results for its third quarter, before the opening bell on Thursday, Oct. 24.
Evaluate the expected performance of Harley-Davidson (HOG) for the quarter ended September 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
Harley-Davidson (HOG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
On October 2, shares of Harley-Davidson Inc. (NYSE: HOG) fell 5% after analysts at Baird downgraded the stock from Buy to Neutral, lowering the price target to $40 from $42. The downgrade was prompted by alarming feedback from dealers regarding third-quarter trends.
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.
Baird analyst Craig Kennison downgraded Harley-Davidson stock to Hold from Buy, and lowered his price target to $40 from $44.
Harley-Davidson is recalling about 41,600 model year 2024 motorcycles over concerns that the wiring inside the bikes could experience a short circuit.
Harley-Davidson stock currently trades at about $38 per share, around 22% below its levels of $50 seen on May 17, 2021 (pre-inflation shock high), and appears to be undervalued. On the other hand, automotive major Ford stock is down by about 10% over the same period.
The motorcycle company is no longer consulting the Human Rights Campaign's metric for treatment of LGBTQ+ employees. Harley-Davidson also affirmed its rejection of hiring quotas, supplier diversity spend goals and "socially motivated content" included in training.