Harley-Davidson (HOG) came out with quarterly earnings of $1.63 per share, beating the Zacks Consensus Estimate of $1.43 per share. This compares to earnings of $1.22 per share a year ago.
Harley-Davidson reported a 23% rise in quarterly profit on Thursday, as demand held up for its pricier bikes during the summer riding season against the backdrop of higher interest rates and inflationary pressures.
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.
Harley-Davidson stock currently trades at about $32 per share, around 38% below its levels of $52 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 12% over the same period.
Harley-Davidson, Inc. is likely a deep value opportunity after its sluggish performance in the past three years. We think the company's valuation metrics have realigned. Our judgment call of Harley-Davidson's key drivers suggests a fundamental inflection point might emerge.
Harley-Davidson stock currently trades at $35 per share, around 32% below its level of $52 seen on May 17, 2021 (pre-inflation shock high), and appears to be undervalued. On the other hand, Ford stock is down by about 12% over the same period.