Harley-Davidson (HOG) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates

Zacks
05 Feb

For the quarter ended December 2024, Harley-Davidson (HOG) reported revenue of $430.89 million, down 46.6% over the same period last year. EPS came in at -$0.93, compared to $0.18 in the year-ago quarter.

The reported revenue represents a surprise of -10.57% over the Zacks Consensus Estimate of $481.81 million. With the consensus EPS estimate being -$0.68, the EPS surprise was -36.76%.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Harley-Davidson performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Worldwide Retail Sales of Harley-Davidson Motorcycles - Total worldwide retail sales: 25,660 versus 26,340 estimated by three analysts on average.
  • HDMC Worldwide Motorcycle Shipments - Total: 14,010 versus 15,331 estimated by three analysts on average.
  • Worldwide Retail Sales of Harley-Davidson Motorcycles - EMEA: 4,749 versus the two-analyst average estimate of 4,686.
  • Worldwide Retail Sales of Harley-Davidson Motorcycles - Asia Pacific: 5,025 versus the two-analyst average estimate of 5,803.
  • Revenue- Motorcycles and related products/ HDMC revenue- Licensing: $4.44 million versus the three-analyst average estimate of $3.37 million. The reported number represents a year-over-year change of -42.3%.
  • Revenue- Live Wire: $10.40 million versus $14.72 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -32.3% change.
  • Revenue- Motorcycles and related products/ HDMC revenue- Apparel: $54.08 million versus $56.81 million estimated by three analysts on average.
  • Revenue- Motorcycles and related products/ HDMC revenue- Other: $12.90 million versus the three-analyst average estimate of $13.08 million. The reported number represents a year-over-year change of -8%.
  • Revenue- Financial services/ HDFS revenue: $256.72 million versus $254.39 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +4.3% change.
  • Revenue- Motorcycles and related products/ HDMC revenue- Motorcycles: $231.47 million versus $286.10 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -60.3% change.
  • Revenue- Motorcycles and related products/ HDMC revenue- Parts & Accessories: $117.61 million versus the three-analyst average estimate of $107.72 million. The reported number represents a year-over-year change of -9.6%.
  • Revenue- Motorcycles and related products/ HDMC revenue: $420.49 million versus $481.81 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -46.9% change.
View all Key Company Metrics for Harley-Davidson here>>>

Shares of Harley-Davidson have returned -9% over the past month versus the Zacks S&P 500 composite's +1.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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