Will Harley-Davidson (HOG) Acquire on Rising Earnings Estimates?

Will Harley-Davidson (HOG) Acquire on Rising Earnings Estimates?

Harley-Davidson (HOG) seems a sexy choose given a noticeable enchancment within the firm's earnings

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Harley-Davidson (HOG) seems a sexy choose given a noticeable enchancment within the firm’s earnings outlook. The inventory has been a powerful performer recently, and the momentum may proceed with analysts nonetheless elevating their earnings estimates for the corporate.

The upward development in estimate revisions for this motorbike maker displays rising optimism of analysts on its earnings prospects, which ought to get mirrored in its inventory worth. In any case, empirical analysis exhibits a powerful correlation between traits in earnings estimate revisions and near-term inventory worth actions. This perception is on the core of our inventory ranking device — the Zacks Rank.

The five-grade Zacks Rank system, which ranges from a Zacks Rank #1 (Sturdy Purchase) to a Zacks Rank #5 (Sturdy Promote), has a formidable externally-audited observe document of outperformance, with Zacks #1 Ranked shares producing a median annual return of +25% since 2008.

For Harley-Davidson, sturdy settlement among the many masking analysts in revising earnings estimates upward has resulted in significant enchancment in consensus estimates for the following quarter and full yr.

The chart under exhibits the evolution of ahead 12-month Zacks Consensus EPS estimate:

12 Month EPS

Present-Quarter Estimate Revisions

For the present quarter, the corporate is predicted to earn $0.10 per share, which is a change of +11.11% from the year-ago reported quantity.

During the last 30 days, six estimates have moved greater for Harley-Davidson whereas two have gone decrease. In consequence, the Zacks Consensus Estimate has elevated 191.38%.

Present-12 months Estimate Revisions

For the total yr, the corporate is predicted to earn $0.73 per share, representing a year-over-year change of -72.76%.

There was an encouraging development in estimate revisions for the present yr as nicely. Over the previous month, 9 estimates have moved up for Harley-Davidson versus no destructive revisions. This has pushed the consensus estimate 118.28% greater.

Favorable Zacks Rank

The promising estimate revisions have helped Harley-Davidson earn a Zacks Rank #1 (Sturdy Purchase). The Zacks Rank is a tried-and-tested ranking device that helps buyers successfully harness the ability of earnings estimate revisions and make the precise funding determination. You possibly can see the whole listing of at this time’s Zacks #1 Rank (Sturdy Purchase) shares right here.

Our analysis exhibits that shares with Zacks Rank #1 (Sturdy Purchase) and a couple of (Purchase) considerably outperform the S&P 500.

Backside Line

Traders have been betting on Harley-Davidson due to its strong estimate revisions, as evident from the inventory’s 25.1% achieve over the previous 4 weeks. As its earnings development prospects may push the inventory greater, chances are you’ll think about including it to your portfolio immediately.

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HarleyDavidson, Inc. (HOG): Free Inventory Evaluation Report
 
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The views and opinions expressed herein are the views and opinions of the writer and don’t essentially mirror these of Nasdaq, Inc.



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