HOG Stock Recent News

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.

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.