Harley-Davidson (HOG) Tops Q3 EPS by 25c, Offers Outlook

Harley-Davidson (NYSE: HOG) reported Q3 EPS of $0.78, $0.25 better than the analyst estimate of $0.53. Revenue for the quarter came in at $1.12 billion versus the consensus estimate of $1.07 billion.

2018 Outlook For the full-year 2018, the company continues to expect the following:

• Motorcycle shipments to be approximately 231,000 to 236,000 motorcycles. In the fourth quarter, the company expects to ship approximately 45,800 to 50,800 motorcycles
• Motorcycles segment operating margin as a percent of revenue to be approximately 9 to 10 percent
• The company has adjusted certain expectations and now expects the following:
• Financial Services segment operating income to be up versus its previous expectation of flat to up slightly
• Effective tax rate of approximately 22.5 to 24.0 percent versus its previous expectation of 23.5 to 25.0 percent
• Capital expenditures of $230 million to $250 million including approximately $50 million to support manufacturing optimization, compared to its previous expectation of $250 million to $270 million

For earnings history and earnings-related data on Harley-Davidson (HOG) click here.

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