Harley-Davidson Earnings: Here’s Why Investors are Buying Shares Now

Harley-Davidson, Inc. (NYSE:HOG) delivered a profit and met Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 0.43%.

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Harley-Davidson, Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 33.78% to $0.99 in the quarter versus EPS of $0.74 in the year-earlier quarter.

Revenue: Rose 9.81% to $1.57 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Harley-Davidson, Inc. reported adjusted EPS income of $0.99 per share. By that measure, the company met the mean analyst estimate of $0.99. It beat the average revenue estimate of $1.46 billion.

Quoting Management: “With our focus on continuous improvement throughout our operations and providing outstanding products and customer experiences, we have continued to deliver gains in Harley-Davidson’s financial and competitive performance,” said Keith Wandell, Chairman, President and Chief Executive Officer of Harley-Davidson, Inc. “The successful launch of seasonal surge production at our York assembly operations in the first quarter is the latest example of our efforts to drive greater efficiency and be even more responsive to the market.”

Key Stats (on next page)…

Revenue increased 34.09% from $1.17 billion in the previous quarter. EPS increased 219.35% from $0.31 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $1.25 to a profit $1.22. For the current year, the average estimate has moved down from a profit of $3.41 to a profit of $3.36 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)