Harley-Davidson Q4 Revenue Seen Falling 6.3% to $644M After Strong Q3
Harley-Davidson reported Q3 revenues of $1.34 billion, up 16.5% year on year, beating analysts’ revenue estimates by 2.8% and selling 36,500 motorcycles, a 32.7% increase. Analysts expect Q4 revenue to decline 6.3% to $644 million and for the company to post an adjusted loss of $1.08 per share.
1. Q3 Performance Review
In Q3, Harley-Davidson delivered revenues of $1.34 billion, marking a 16.5% year-on-year increase and beating analyst expectations by 2.8%. Motorcycle deliveries reached 36,500 units, a 32.7% rise, while both EPS and EBITDA estimates were surpassed, highlighting robust demand in its core markets.
2. Q4 Forecast and Estimates
For Q4, analysts forecast a 6.3% decrease in revenue to $644 million year on year, compared with a 34.7% drop in the same period last year. The company is projected to report an adjusted loss of $1.08 per share, reflecting softening sales and margin pressures.
3. Peer Comparison
Leisure-products peers have posted mixed results, with MasterCraft achieving 13.2% revenue growth and a 4.1% beat, while Brunswick grew revenues 15.5%, topping estimates by 10.3%. MasterCraft’s stock rose 8.6% on its results, whereas Brunswick fell 4.7%, offering context for Harley-Davidson’s upcoming report.
4. Stock Valuation and Price Targets
Harley-Davidson shares trade around $20.58, below an average analyst price target of $26.50. The company has missed revenue estimates five times in two years, suggesting investor caution ahead of the Q4 release.