Harley-Davidson (HOG) Tops Q2 EPS by 18c, Offers Outlook
Harley-Davidson (NYSE: HOG) reported Q2 EPS of $1.52, $0.18 better than the analyst estimate of $1.34. Revenue for the quarter came in at $1.53 billion versus the consensus estimate of $1.41 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 third quarter, the company expects to ship approximately 45,500 to 50,500 motorcycles
- Capital expenditures of $250 million to $270 million including approximately $50 million to support manufacturing optimization
- Effective tax rate of approximately 23.5 to 25.0 percent
- The company has adjusted its outlook relating to the following and now expects:
- Motorcycles segment operating margin as a percent of revenue to be approximately 9 to 10 percent given the expected impact of tariffs in 2018
- Financial Services segment operating income to be flat to up slightly given strong year-to-date performance
For earnings history and earnings-related data on Harley-Davidson (HOG) click here.
