Harley-Davidson (HOG) Tops Q2 EPS by 24c

Harley-Davidson (NYSE: HOG) reported Q2 EPS of $1.41, $0.24 better than the analyst estimate of $1.17. Revenue for the quarter came in at $1.53 billion versus the consensus estimate of $1.42 billion.

Guidance:

As a result of its Q2 performance, for the full-year 2021, the company now expects:

• a.Financial Services segment operating income growth of 75 to 85 percent, an increase from the previously communicated range of 50 to 60 percent.
• b.GAAP Motorcycles segment operating income margin of 6 to 8 percent given the recent EU’s decision to keep the current tariff at 31 percent while tariff negotiations occur. If the company is successful in materially mitigating the additional EU tariffs in 2021, the company expects the operating income margin would be 7 to 9 percent.

Additionally, for the full-year 2021, the company continues to expect:

• a.Motorcycles segment revenue growth to be 30 to 35 percent.
• b.Capital expenditures of $190 million to $225 million.
  

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

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