Harley-Davidson Shares Plunge 7% Then Rebound 4% on Q4 Earnings
Harley-Davidson shares slid as much as 7% after delivering fourth-quarter adjusted EPS of $1.24 versus $1.28 consensus and $1.78 billion in revenue slightly below expectations. The stock later gained 4% when management reaffirmed its full-year guidance for mid-single-digit revenue growth and higher free cash flow targets.
1. Q4 Earnings Versus Estimates
Harley-Davidson reported fourth-quarter adjusted EPS of $1.24 on $1.78 billion in revenue, narrowly missing analyst expectations of $1.28 and $1.80 billion respectively. The slight top-line shortfall and lower margin pressured shares in early trading.
2. Price Swing and Management Commentary
Shares fell as much as 7% immediately after the release, then recovered about 4% later in the session. Investors reacted positively to management’s reaffirmation of full-year guidance for mid-single-digit revenue growth and increased free cash flow targets.