Harley-Davidson (HOG) Tops Q1 EPS by 33c, Maintains Outlook

Harley-Davidson (NYSE: HOG) reported Q1 EPS of $0.98, $0.33 better than the analyst estimate of $0.65. Revenue for the quarter came in at $1.2 billion versus the consensus estimate of $1.2 billion.

2019 Outlook For the full-year 2019, the company continues to expect:

• Motorcycle shipments to be approximately 217,000 to 222,000 motorcycles. In the second quarter, the company expects to ship approximately 65,500 to 70,500 motorcycles
• Motorcycles segment operating margin as a percent of revenue to be approximately 8.0 to 9.0 percent
• Financial Services segment operating income to be down year-over-year
• Effective tax rate of approximately 24.0 to 25.0 percent
• Capital expenditures of $225 million to $245 million including approximately $20 million to support manufacturing optimization

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

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