Harley-Davidson (HOG) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
Harley-Davidson (HOG) reported $1.31 billion in revenue for the quarter ended September 2023, representing a year-over-year decline of 9.2%. EPS of $1.38 for the same period compares to $1.78 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $1.36 billion, representing a surprise of -4.22%. The company delivered an EPS surprise of -0.72%, with the consensus EPS estimate being $1.39.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Harley-Davidson performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Worldwide Retail Sales of Harley-Davidson Motorcycles - Total: 41,658 versus 49,126 estimated by three analysts on average.
Worldwide Retail Sales of Harley-Davidson Motorcycles - United States: 25,336 versus 29,899 estimated by three analysts on average.
Worldwide Retail Sales of Harley-Davidson Motorcycles - Canada: 2,010 compared to the 2,095 average estimate based on three analysts.
Worldwide Retail Sales of Harley-Davidson Motorcycles - Total EMEA: 7,847 versus 8,857 estimated by three analysts on average.
Revenue- Motorcycles and related products/ HDMC revenue- Licensing: $10 million compared to the $10.52 million average estimate based on four analysts. The reported number represents a change of -9.1% year over year.
Revenue- Live Wire: $8.14 million versus the four-analyst average estimate of $14.11 million.
Revenue- Motorcycles and related products/ HDMC revenue: $1.30 billion versus the four-analyst average estimate of $1.37 billion. The reported number represents a year-over-year change of -9.7%.
Revenue- Motorcycles and related products/ HDMC revenue- Other: $30 million versus the four-analyst average estimate of $19.57 million. The reported number represents a year-over-year change of +36.4%.
Revenue- Motorcycles and related products/ HDMC revenue- Motorcycles: $1.02 billion versus $1.04 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -9.8% change.
Revenue- Motorcycles and related products/ HDMC revenue- Parts & Accessories: $185 million compared to the $206.27 million average estimate based on four analysts. The reported number represents a change of -8% year over year.
Revenue- Motorcycles and related products/ HDMC revenue- Apparel: $49 million versus the four-analyst average estimate of $77.21 million. The reported number represents a year-over-year change of -30%.
Revenue- Financial services/ HDFS revenue: $243.93 million compared to the $226.01 million average estimate based on four analysts. The reported number represents a change of +15.1% year over year.
View all Key Company Metrics for Harley-Davidson here>>>
Shares of Harley-Davidson have returned -11.1% over the past month versus the Zacks S&P 500 composite's -3.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Harley-Davidson, Inc. (HOG) : Free Stock Analysis Report
