Yahoo Finance Harley-Davidson First Quarter 2024 Earnings: Beats Expectations
Harley-Davidson (NYSE:HOG) First Quarter 2024 Results
Key Financial Results
Revenue: US$1.73b (down 3.3% from 1Q 2023).
Net income: US$234.9m (down 23% from 1Q 2023).
Profit margin: 14% (down from 17% in 1Q 2023).
EPS: US$1.73 (down from US$2.08 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Harley-Davidson Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 9.5%. Earnings per share (EPS) also surpassed analyst estimates by 13%.
Looking ahead, revenue is expected to decline by 3.6% p.a. on average during the next 3 years, while revenues in the Auto industry in the US are expected to grow by 13%.
Performance of the American Auto industry.
The company's shares are down 9.6% from a week ago.
Valuation
Our analysis of these results suggests Harley-Davidson may be undervalued based on 6 important criteria we look at. To access our thorough examination of analyst consensus click here and discover the expected future direction of the company.
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