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Forbes Earnings Preview: Harley-Davidson 1st Quarter

Wall Street is optimistic about Harley-Davidson HOG +2.66% (HOG), which is slated to report its first quarter results on Thursday, April 25, 2013. Analysts project a profit of 96 cents a share, a rise from 74 cents per share a year ago.

The consensus estimate has moved up from 88 cents over the past three months. For the fiscal year, analysts are expecting earnings of $3.32 per share. Revenue is projected to be 14.7% above the year-earlier total of $1.27 billion at $1.46 billion for the quarter. For the year, revenue is projected to roll in at $5.31 billion.

The company has seen decreasing net income for the last two quarters. In the fourth quarter of the last fiscal year, net income fell 33.2% from the year earlier quarter, while the figure dropped 27% in the third quarter of the last fiscal year.

Revenue has fallen in the past two quarters. Revenue dropped by 1.1% year-over-year to $1.17 billion in fourth quarter of the last fiscal year. The quarter before that, revenue dropped 10.5%.

The majority of analysts (85.7%) rate Harley-Davidson as a buy. This compares favorably to the analyst ratings of its nearest two competitors, which average 61.1% buys. Analysts have become more cautious about the stock in the last three months.

Earnings estimates provided by Zacks.

via Forbes Earnings Preview: Harley-Davidson – Forbes.

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