HOG Stock Recent News
HOG LATEST HEADLINES
Harley-Davidson, Inc. (NYSE:HOG ) Q3 2023 Earnings Call Transcript October 26, 2023 9:00 AM ET Company Participants Shawn Collins - Director, Investor Relations Jochen Zeitz - Chief Executive Officer Karim Donnez - LiveWire Chief Executive Officer Jonathan Root - Chief Financial Officer Edel O'Sullivan - Chief Commercial Officer Conference Call Participants Craig Kennison - Baird Robby Ohmes - Bank of America Joseph Altobello - Raymond James James Hardiman - Citi Tristan Thomas Martin - BMO Capital Markets Noah Zatzkin - KeyBanc Capital Markets David MacGregor - Longbow Research Brandon Rollé - D.A. Davidson Operator Thank you for standing by and welcome to the Harley-Davidson 2023 Third Quarter Investor and Analyst Conference Call.
Harley-Davidson posted a 24% dip in third-quarter profit as customers cut back on discretionary spending due to higher borrowing costs and inflationary pressures.
Although the revenue and EPS for Harley-Davidson (HOG) give a sense of how its business performed in the quarter ended September 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Harley-Davidson (NYSE:HOG) shares tumbled more than 10% after the motorcycle maker's third quarter sales and profits missed Wall Street estimates. Higher interest rates and inflationary pressures continue to force consumers to cut back on big-ticket discretionary purchases like motorcycles.
Harley-Davidson (HOG) came out with quarterly earnings of $1.38 per share, missing the Zacks Consensus Estimate of $1.39 per share. This compares to earnings of $1.78 per share a year ago.
Harley-Davidson Inc.'s stock HOG, -1.40% rose 0.8% in premarket trading Thursday after the company beat analyst forecasts for profit and revenue. Harley-Davidson's third-quarter net income fell 24% to $199 million, or $1.38 a share, from $261 million, or $1.78 a share, in the year-ago quarter.
F, HOG, LKQ, OSK, and LEA are slated to release their Q3 results tomorrow. Our model anticipates an earnings beat for all companies except LKQ.
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.
With inflation easing and the Fed going slightly easy on the pace of its interest rate hikes, market sentiment is improving.
In Hollywood, there's no such thing as bad publicity. And this adage just might apply to these buzzworthy stocks.