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Harley-Davidson (HOG) Dips More Than Broader Markets: What You Should Know
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In the latest trading session, Harley-Davidson (HOG - Free Report) closed at $38.80, marking a -0.72% move from the previous day. This move lagged the S&P 500's daily loss of 0.43%. Meanwhile, the Dow lost 0.34%, and the Nasdaq, a tech-heavy index, lost 0.62%.
Prior to today's trading, shares of the motorcycle maker had lost 9.81% over the past month. This has was narrower than the Auto-Tires-Trucks sector's loss of 12.46% and lagged the S&P 500's loss of 6.57% in that time.
Wall Street will be looking for positivity from Harley-Davidson as it approaches its next earnings report date. On that day, Harley-Davidson is projected to report earnings of $1.51 per share, which would represent a year-over-year decline of 10.12%. Meanwhile, our latest consensus estimate is calling for revenue of $1.34 billion, up 8.44% from the prior-year quarter.
HOG's full-year Zacks Consensus Estimates are calling for earnings of $4.27 per share and revenue of $4.91 billion. These results would represent year-over-year changes of +1.91% and +8.13%, respectively.
Any recent changes to analyst estimates for Harley-Davidson should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 10.85% higher. Harley-Davidson is currently sporting a Zacks Rank of #1 (Strong Buy).
Valuation is also important, so investors should note that Harley-Davidson has a Forward P/E ratio of 9.15 right now. This represents a discount compared to its industry's average Forward P/E of 11.93.
Also, we should mention that HOG has a PEG ratio of 0.2. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. HOG's industry had an average PEG ratio of 0.82 as of yesterday's close.
The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. This industry currently has a Zacks Industry Rank of 110, which puts it in the top 44% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow HOG in the coming trading sessions, be sure to utilize Zacks.com.
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Harley-Davidson (HOG) Dips More Than Broader Markets: What You Should Know
In the latest trading session, Harley-Davidson (HOG - Free Report) closed at $38.80, marking a -0.72% move from the previous day. This move lagged the S&P 500's daily loss of 0.43%. Meanwhile, the Dow lost 0.34%, and the Nasdaq, a tech-heavy index, lost 0.62%.
Prior to today's trading, shares of the motorcycle maker had lost 9.81% over the past month. This has was narrower than the Auto-Tires-Trucks sector's loss of 12.46% and lagged the S&P 500's loss of 6.57% in that time.
Wall Street will be looking for positivity from Harley-Davidson as it approaches its next earnings report date. On that day, Harley-Davidson is projected to report earnings of $1.51 per share, which would represent a year-over-year decline of 10.12%. Meanwhile, our latest consensus estimate is calling for revenue of $1.34 billion, up 8.44% from the prior-year quarter.
HOG's full-year Zacks Consensus Estimates are calling for earnings of $4.27 per share and revenue of $4.91 billion. These results would represent year-over-year changes of +1.91% and +8.13%, respectively.
Any recent changes to analyst estimates for Harley-Davidson should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 10.85% higher. Harley-Davidson is currently sporting a Zacks Rank of #1 (Strong Buy).
Valuation is also important, so investors should note that Harley-Davidson has a Forward P/E ratio of 9.15 right now. This represents a discount compared to its industry's average Forward P/E of 11.93.
Also, we should mention that HOG has a PEG ratio of 0.2. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. HOG's industry had an average PEG ratio of 0.82 as of yesterday's close.
The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. This industry currently has a Zacks Industry Rank of 110, which puts it in the top 44% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow HOG in the coming trading sessions, be sure to utilize Zacks.com.