Harley-Davidson (HOG) Down 6.1% Since Earnings Report: Can It Rebound?

It has been about a month since the last earnings report for Harley-Davidson, Inc. HOG. Shares have lost about 6.1% in that time frame, underperforming the market.

Will the recent negative trend continue leading up to the stock's next earnings release, or is it due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers.

Harley-Davidson Q1 Earnings Beat Estimates, Fall Y/Y

Harley-Davidson reported earnings of $1.05 per share in the first quarter of 2017, beating the Zacks Consensus Estimate of $0.99. However, earnings were lower than $1.36 recorded in the year-ago quarter.

Net income decreased to $186.4 million from $250.5 million recorded a year ago.

Operating revenues (excluding financial services) declined to $1.33 billion in the first quarter of 2017 from $1.58 billion recorded in the year-ago quarter. The figure missed the Zacks Consensus Estimate of $1.35 billion. Harley-Davidson logged consolidated revenues of $1.5 billion, which deteriorated from $1.75 billion posted a year ago.

Operating income decreased to $291.5 million from $388.8 million in the year-ago period.

Motorcycles and Related Products

Revenues from Motorcycles and Related Products dropped to $1.33 billion in the first quarter of 2017 from $1.58 billion recorded in the year-ago quarter. The decline was due to lower retail sales. Moreover, operating income declined to ....

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