Harley-Davidson Lifts Shipment Guidance, Citi Sees Earnings Beat Potential
HOG sits 56% above its 52-week low of $17.09.
Summary
Harley-Davidson raised full-year shipment guidance to 133,500–138,500 units, up from 130,000–135,000, reflecting stronger demand. Citi notes improving North American retail sales and suggests the company could top earnings expectations when it reports around October 28. This follows Q2 results in July that showed a 3% retail sales increase and a guidance raise. The new shipment range implies continued momentum into the second half. Watch for the Q3 earnings release around October 28 to confirm the trend.
At the time of this announcement, HOG was trading at $26.65 on NYSE in the Manufacturing sector, with a market capitalization of approximately $2.8B. The 52-week trading range was $17.09 to $28.86. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Wiseek News.