Harley-Davidson Fourth Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Harley-Davidson (NYSE:HOG) will unveil its latest earnings tomorrow, Tuesday, January 29, 2013. Harley-Davidson manufactures heavyweight motorcycles as well as motorcycle parts and accessories. .

Harley-Davidson Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for net income of 31 cents per share, a rise of 29.2% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved up from 30 cents. Between one and three months ago, the average estimate moved up. It has been unchanged at 31 cents during the last month. Analysts are projecting profit to rise by 17.6% versus last year to $2.74.

Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by one cent, reporting profit of 59 cents per share against a mean estimate of net income of 58 cents per share.

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A Look Back: In the third quarter, profit fell 27% to $134 million (59 cents a share) from $183.6 million (78 cents a share) the year earlier, but exceeded analyst expectations. Revenue fell 10.5% to $1.25 billion from $1.4 billion.

Here’s how Harley-Davidson traded following its last earnings report 3 months ago and leading up to its upcoming earnings report this week:


Wall St. Revenue Expectations: Analysts are projecting a decline of 5.3% in revenue from the year-earlier quarter to $975.4 million.

Balance Sheet Analysis: The company’s current ratio of assets to liabilities came in at 2.06 last quarter. Having a ratio above 2:1 is usually considered a good indicator of a company’s liquidity and ability to meet creditor demands.

Key Stats:

On the top line, the company is looking to get back on the right track after last quarter’s drop snapped a string of revenue increases. Revenue rose 9.3% in the fourth quarter of the last fiscal year, 4% in the first quarter and 4.2%in the second quarter before dropping in the third quarter.

Analyst Ratings: With 12 analysts rating the stock a buy, none rating it a sell and three rating the stock a hold, there are indications of a bullish stance by analysts.

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(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)