HOG Stock Recent News

Harley-Davidson (HOG) came out with quarterly earnings of $0.18 per share, beating the Zacks Consensus Estimate of $0.04 per share. This compares to earnings of $0.28 per share a year ago.

Shares of Harley-Davidson Inc. HOG, +1.11% rose 1% in premarket trading Thursday, after the motorcycle maker beat fourth-quarter profit expectations by a wide margin, even as motorcycle shipments continued to fall due to “prudent” dealer inventory management and market conditions. Net income dropped to $25.8 million, or 18 cents a share, from $41.9 million, or 28 cents a share, in the year-ago period.

Harley-Davidson reported a 38% fall in fourth-quarter profit on Thursday, hurt by slowing demand for motorcycles in North America as consumers cut back spending on pricier leisure purchases amid sticky inflation.

The positive future of the U.S. economy is getting support from the robust economic performance entering 2024. The government issued back-to-back reports indicating strong growth and a return of inflation toward the U.S. Federal Reserve's target.

Get a deeper insight into the potential performance of Harley-Davidson (HOG) for the quarter ended December 2023 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.

Harley-Davidson stock currently trades at $33 per share, around 36% below its level of $52 seen on May 17, 2021 (pre-inflation shock high), and appears to be undervalued. Harley saw its stock trading at around $32 at the end of June 2022, just before the Fed started increasing rates, and remains up by roughly 5% from those levels.

Harley-Davidson is at an inflection point and making progress through its five-year plan, 'The Hardwire', with a focus on growth and profitability, particularly in electric motorcycles. The company is targeting younger consumers to expand its customer base and stay relevant in the market. Harley-Davidson has shown improvements in operating margins and cost savings, and has a strong balance sheet to support its growth strategies.

Harley-Davidson (HOG) lags third-quarter earnings estimates amid lower-than-anticipated revenues from the Motorcycles & Related Products.

Harley-Davidson reported Q3 sales and profits that beat Wall Street's targets. But comments from management suggest that the company could see business pressures intensify.

Harley-Davidson's sales are falling, in part, due to higher interest rates. Lower sales are also leading to a lower profit margin, even though the company is still maintaining profits in spite of challenging headwinds.