For the current quarter, the 18.00 analysts offering adjusted EPS forecast have a consensus estimate of $1.54 a share, which would compare with $1.44 in the same quarter last year. They have a high estimate of $1.59 and a low estimate of $1.47. Revenue for the period is expected to total nearly $1.67B from $1.65B the year-ago period.
For the full year, 20.00 Wall Street analysts forecast this company would deliver earnings of 3.97 per share, with a high estimate of $4.20 and a low estimate of $3.78. It had reported earnings per share of $3.69 in the corresponding quarter of the previous year. Revenue for the period is expected to total nearly $5.40B versus 5.31B in the preceding year.
The analysts project the company to maintain annual growth of around 11.75% percent over the next five years as compared to an average growth rate of 13.36% percent expected for its competitors in the same industry.
Among the 13 analysts Data provided by Thomson/First Call tracks, the 12-month average price target for HOG is $50.77 but some analysts are projecting the price to go as high as $61.00. If the optimistic analysts are correct, that represents a 35 percent upside potential from the recent closing price of $45.15. Some sell-side analysts, particularly the bearish ones, have called for $40.00 price targets on shares of Harley-Davidson Inc (NYSE:HOG).
In the last reported results, the company reported earnings of $1.44 per share, while analysts were calling for share earnings of $1.39. It was an earnings surprise of 3.60%percent. In the matter of earnings surprises, the term Cockroach Effect is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.
Harley-Davidson, Inc. primarily manufactures cruiser and touring motorcycles. The company operates through two segments, Motorcycles & Related Products, and Financial Services. The Motorcycles & Related Products segment designs, manufactures, and sells wholesale on-road Harley-Davidson motorcycles, as well as a line of motorcycle parts, accessories, general merchandise, and related services. It offers motorcycle parts and accessories, such as replacement parts, and mechanical and cosmetic accessories; and general merchandise, including MotorClothes apparel and riding gears; and various services to its independent dealers comprising motorcycle services, business management training programs, and customized dealer software packages. This segment also licenses the Harley-Davidson name and other trademarks. It sells its products to retail customers through a network of independent dealers, as well as ecommerce channels primarily in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. The Financial Services provides wholesale and retail financing services; and insurance and insurance-related programs primarily to Harley-Davidson dealers and retail customers in the United States and Canada. This segment offers wholesale financial services, such as floorplan and open account financing of motorcycles, and motorcycle parts and accessories; and retail financing services, including installment lending for the purchase of new and used Harley-Davidson motorcycles. It also operates as an agent providing point-of-sale protection products, including motorcycle insurance, extended service contracts, credit protection, and motorcycle maintenance protection. Harley-Davidson, Inc. was founded in 1903 and is headquartered in Milwaukee, Wisconsin.
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