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Compared to Estimates, Harley-Davidson (HOG) Q2 Earnings: A Look at Key Metrics
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Harley-Davidson (HOG - Free Report) reported $1.36 billion in revenue for the quarter ended June 2024, representing a year-over-year increase of 13.1%. EPS of $1.63 for the same period compares to $1.22 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $1.29 billion, representing a surprise of +4.95%. The company delivered an EPS surprise of +13.99%, with the consensus EPS estimate being $1.43.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
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 worldwide retail sales: 49,998 versus the two-analyst average estimate of 52,721.
Worldwide Retail Sales of Harley-Davidson Motorcycles - United States: 32,258 compared to the 34,073 average estimate based on two analysts.
Worldwide Retail Sales of Harley-Davidson Motorcycles - Canada: 2,579 versus the two-analyst average estimate of 3,032.
Worldwide Retail Sales of Harley-Davidson Motorcycles - EMEA: 8,015 compared to the 8,253 average estimate based on two analysts.
Revenue- Motorcycles and related products/ HDMC revenue- Licensing: $5.49 million versus the three-analyst average estimate of $7.75 million. The reported number represents a year-over-year change of +7.2%.
Revenue- Live Wire: $6.45 million versus $8.09 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -8.2% change.
Revenue- Motorcycles and related products/ HDMC revenue: $1.35 billion versus $1.29 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +12.6% change.
Revenue- Motorcycles and related products/ HDMC revenue- Other: $17.47 million versus $22.42 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -13.6% change.
Revenue- Motorcycles and related products/ HDMC revenue- Motorcycles: $1.07 billion versus $957.79 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +20% change.
Revenue- Motorcycles and related products/ HDMC revenue- Parts & Accessories: $193.87 million versus the three-analyst average estimate of $226.01 million. The reported number represents a year-over-year change of -10.1%.
Revenue- Motorcycles and related products/ HDMC revenue- Apparel: $63.39 million compared to the $69.33 million average estimate based on three analysts. The reported number represents a change of -4.5% year over year.
Revenue- Financial services/ HDFS revenue: $264 million versus the three-analyst average estimate of $260.91 million. The reported number represents a year-over-year change of +10%.
Shares of Harley-Davidson have returned +0.7% over the past month versus the Zacks S&P 500 composite's -0.3% 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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Compared to Estimates, Harley-Davidson (HOG) Q2 Earnings: A Look at Key Metrics
Harley-Davidson (HOG - Free Report) reported $1.36 billion in revenue for the quarter ended June 2024, representing a year-over-year increase of 13.1%. EPS of $1.63 for the same period compares to $1.22 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $1.29 billion, representing a surprise of +4.95%. The company delivered an EPS surprise of +13.99%, with the consensus EPS estimate being $1.43.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
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 worldwide retail sales: 49,998 versus the two-analyst average estimate of 52,721.
- Worldwide Retail Sales of Harley-Davidson Motorcycles - United States: 32,258 compared to the 34,073 average estimate based on two analysts.
- Worldwide Retail Sales of Harley-Davidson Motorcycles - Canada: 2,579 versus the two-analyst average estimate of 3,032.
- Worldwide Retail Sales of Harley-Davidson Motorcycles - EMEA: 8,015 compared to the 8,253 average estimate based on two analysts.
- Revenue- Motorcycles and related products/ HDMC revenue- Licensing: $5.49 million versus the three-analyst average estimate of $7.75 million. The reported number represents a year-over-year change of +7.2%.
- Revenue- Live Wire: $6.45 million versus $8.09 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -8.2% change.
- Revenue- Motorcycles and related products/ HDMC revenue: $1.35 billion versus $1.29 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +12.6% change.
- Revenue- Motorcycles and related products/ HDMC revenue- Other: $17.47 million versus $22.42 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -13.6% change.
- Revenue- Motorcycles and related products/ HDMC revenue- Motorcycles: $1.07 billion versus $957.79 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +20% change.
- Revenue- Motorcycles and related products/ HDMC revenue- Parts & Accessories: $193.87 million versus the three-analyst average estimate of $226.01 million. The reported number represents a year-over-year change of -10.1%.
- Revenue- Motorcycles and related products/ HDMC revenue- Apparel: $63.39 million compared to the $69.33 million average estimate based on three analysts. The reported number represents a change of -4.5% year over year.
- Revenue- Financial services/ HDFS revenue: $264 million versus the three-analyst average estimate of $260.91 million. The reported number represents a year-over-year change of +10%.
View all Key Company Metrics for Harley-Davidson here>>>Shares of Harley-Davidson have returned +0.7% over the past month versus the Zacks S&P 500 composite's -0.3% 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.