Zacks Research Analysts Boost Earnings Estimates for Harley-Davidson,

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HARLEY-DAVIDSON ($NYSE:HOG): Harley-Davidson, Inc. is a leading manufacturer of motorcycles and related products and services. Harley-Davidson’s stock has seen an impressive rise in recent years as the company continues to expand its customer base and launch new product lines. The company’s latest efforts seem to be paying off as they are projected to experience strong growth in their profits in the near future. The company has also put an emphasis on creating more accessible bikes for their customers, allowing them to enjoy the classic Harley-Davidson experience.

Harley-Davidson’s commitment to customer satisfaction and dedication to innovation is reflected in Zacks Research Analysts’ decision to boost their earnings estimates for the company. This is a great sign for investors, as the company’s growth prospects look very promising. With their focus on customer service and their commitment to creating unique products, Harley-Davidson is sure to remain a leader in the motorcycle industry for years to come.

Earnings

According to Zacks Research Analysts, the earnings report of Harley-Davidson, Inc. for FY2023 Q3 as of September 30 2021 showed a total revenue of 1365.31M USD and a net income of 162.97M USD. This is a 17.2% decrease in total revenue and a 37.6% decrease in net income compared to the same period last year. In the past three years, Harley-Davidson’s total revenue increased from 1365.31M USD to 1549.06M USD. This indicates that the company may be stabilizing despite the setbacks in the past year.

About the Company

Income Snapshot

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Cash Flow Snapshot

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Balance Sheet Snapshot

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Key Ratios Snapshot

Some of the financial key ratios for Harley-davidson are shown below. More…

Market Price

On Tuesday, HARLEY-DAVIDSON stock opened at $36.5 and closed at $36.3, down by 1.5% from its previous closing price of 36.8. Investors will be closely watching the company’s quarterly earnings report in the coming weeks to see if the analysts’ estimates hold true. Live Quote…

Analysis

At GoodWhale, we’ve conducted an analysis of HARLEY-DAVIDSON‘s fundamentals and have classified the company as a ‘rhino’, a type of company that has achieved moderate revenue or earnings growth. HARLEY-DAVIDSON is strong in asset, dividend, and medium in profitability, but weak in growth. Despite the low growth, HARLEY-DAVIDSON has a high health score of 8/10 with regard to its cashflows and debt. This means that the company is capable of sustaining future operations in times of crisis. Given these metrics, investors who are looking for a stable company with moderate growth may be interested in HARLEY-DAVIDSON. The company can provide reliable dividend payments and the potential for some capital appreciation. Additionally, the company has a healthy balance sheet and is well-positioned to weather any economic downturns. More…

Peers

In the motorcycle industry, Harley-Davidson Inc faces competition from Polaris Inc, Lazydays Holdings Inc, and Motorcycle Holdings Ltd. Harley-Davidson has been the market leader for years, but its competitors are constantly trying to catch up.

– Polaris Inc ($NYSE:PII)

Polaris Inc is a American manufacturing company based in Minnesota. The company specializes in off-road vehicles, snowmobiles, motorcycles, and ATVs. Polaris is also a leading manufacturer of electric vehicles.

The company has a market cap of 5.52B as of 2022 and a ROE of 32.56%. Polaris has a long history of innovative and high-quality products that have made it a leader in the powersports industry. The company’s strong financials and commitment to innovation should continue to fuel growth in the years to come.

– Lazydays Holdings Inc ($NASDAQ:LAZY)

Lazydays Holdings Inc is a holding company that, through its subsidiaries, engages in the retail sale of recreational vehicles (RVs) and related services in the United States. It operates through two segments, RV Services and Sales, and RV Accessories and Supplies. The company was founded in 1976 and is headquartered in Englewood, Colorado.

As of 2022, Lazydays Holdings Inc had a market cap of 129.7 million and a return on equity of 41.96%. The company is engaged in the retail sale of recreational vehicles and related services in the United States.

– Motorcycle Holdings Ltd ($ASX:MTO)

Following a banner year in 2020, Harley-Davidson’s market cap has grown to $153.03M. The company’s ROE has also grown to 13.44%. Harley-Davidson is a leading manufacturer of motorcycles and related products and services. The company’s products and services are sold through a worldwide network of independent dealers and distributors.

Summary

Investment analysts at Zacks recently upgraded their earnings estimates for Harley-Davidson, Inc. This upgrade comes on the heels of multiple quarters of strong performance for the iconic American motorcycle manufacturer. The analysts expect increased demand for the company’s products due to an improved economic outlook and growing consumer confidence. This has been reflected in the company’s stock price, which has increased significantly since the beginning of the year. The analysts highlighted the company’s success in developing new products and expanding its market share by targeting younger riders with new motorcycles that are well-equipped for the digital age.

They also praised the company’s successful cost-cutting initiatives and its commitment to reducing carbon emissions. The analysts are optimistic that the company’s strong fundamentals will continue to drive impressive results going forward.