Harley-Davidson (HOG) Q2 Earnings Beat Estimates, Fall Y/Y
Zacks Investment Research | Jul 18, 2017 12:04AM ET
Harley-Davidson, Inc. (NYSE:HOG) reported earnings of $1.48 per share in the second quarter of 2017, beating the Zacks Consensus Estimate of $1.37. However, earnings were lower than $1.55 recorded in the year-ago quarter.
Net income decreased to $258.9 million from $280.4 million, recorded a year ago.
Motorcycle and related products revenue declined to $1.58 billion in the second quarter of 2017 from $1.67 billion in the year-ago quarter. The figure missed the Zacks Consensus Estimate of $1.6 billion. The company also lodged consolidated revenues of $1.77 billion, which deteriorated from the prior-year tally of $1.86 billion.
Operating income decreased to $401.6 million from $412.3 million in the year-ago period.
Harley-Davidson, Inc. Price, Consensus and EPS Surprise
Automotive-Domestic industry over the last three months. The company’s shares have declined 7.8% over the last three months, compared with the industry’s 5.4% gain.
Zacks Rank & Key Picks
Currently, Harley-Davidson carries a Zacks Rank #4 (Sell).
Some better-ranked companies in the auto space are Daimler AG (OTC:DDAIF) , Allison Transmission Holdings Inc. (NYSE:ALSN) and Fox Factory Holding Corp. (NASDAQ:FOXF) , all three sporting a Zacks Rank #1 (Strong Buy). You can see Zacks Investment Research
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