Harley-Davidson (NYSE: HOG ) reported earnings on July 25. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q2), Harley-Davidson met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew. GAAP earnings per share grew.
Gross margins shrank, operating margins increased, net margins grew.
Harley-Davidson logged revenue of $1.63 billion. The 11 analysts polled by S&P Capital IQ expected to see a top line of $1.63 billion on the same basis. GAAP reported sales were the same as the prior-year quarter's.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $1.21. The 16 earnings estimates compiled by S&P Capital IQ forecast $1.18 per share. GAAP EPS of $1.21 for Q2 were 13% higher than the prior-year quarter's $1.07 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 37.7%, 170 basis points worse than the prior-year quarter. Operating margin was 23.8%, 80 basis points better than the prior-year quarter. Net margin was 15.1%, 80 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $1.21 billion. On the bottom line, the average EPS estimate is $0.77.
Next year's average estimate for revenue is $5.29 billion. The average EPS estimate is $3.32.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 1,453 members out of 1,850 rating the stock outperform, and 397 members rating it underperform. Among 500 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 439 give Harley-Davidson a green thumbs-up, and 61 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Harley-Davidson is outperform, with an average price target of $60.27.
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