Harley-Davidson (HOG) Stock Moves -1.51%: What You Should Know

This story originally appeared on Zacks

Harley-Davidson (HOG) closed at $38.44 in the last trading session, posting a -1.51% move from the day before. This change was narrower than the S&P 500’s daily loss of 1.94%. Meanwhile, the Dow Jones lost 1.07%, and the tech-heavy Nasdaq lost 0.39%.

– Zacks

Heading into the day, the motorcycle maker’s shares are up 1.8% over the past month, lagging the car and truck tire sector’s 9.1% gain and the S&P 500’s 5.72% gain in that time.

Investors are hoping for some strength from Harley-Davidson as it approaches its next earnings release. The company is expected to report earnings per share of $0.41, up 34.92% from the previous quarter. Meanwhile, our latest consensus estimate reports revenue of $643.17 million, an increase of 21.13% over the prior year quarter.

Any recent changes to analyst estimates for Harley-Davidson should also be noted by investors. Recent reviews tend to reflect the latest near-term business trends. As a result, we can interpret positive rating reviews as a good sign of the company’s business outlook.

Research indicates that these discretionary revisions are directly related to the stock’s near-term price momentum. To take advantage of this, we have developed Zacks Rank, a proprietary model that takes these discretionary changes into account and provides an actionable ranking system.

The Zacks Rank system, which ranges from #1 (strong buy) to #5 (strong sell), has an impressive externally audited track record of outperformance, with the #1 stock having achieved a +25% average annual return since 1988. The Zacks Rank has declined Zacks Consensus estimated EPS by 0.64% over the past month. Harley-Davidson is currently rated by Zacks at #3 (Hold).

When looking at valuation, Harley-Davidson currently has a forward P/E ratio of 11.79. This valuation represents a discount compared to the industry’s forward P/E average of 13.28.

We can also see that HOG currently has a PEG ratio of 0.25. This common metric is similar to the widely known price-earnings (P/E) ratio, with the difference being that the PEG ratio also takes into account the company’s expected earnings growth rate. Autos – Domestic stocks have, on average, a price-to-commission ratio of 1.15 based on yesterday’s closing prices.

Automotive – the domestic industry is part of the car and truck tire sector. The industry currently has a Zacks Industry Rating of 169, placing it in the lowest 34% of all 250+ industries.

Zacks Industry Ranking measures the strength of our industry groups by measuring the average Zacks rating of the individual stocks within the groups. Our research shows that industries ranked 50% outperform the bottom half by a factor of 2 to 1.

Be sure to use Zacks.com to keep track of all these stock movement metrics and more in upcoming trading sessions.

Infrastructure stock boom to sweep America

A massive push to rebuild America’s crumbling infrastructure will soon begin. It is certain, urgent and inevitable. Trillions will be spent. fortunes will be made.

The only question is “Will you get into the right stocks early when their growth potential is greatest?”

Zacks has released a special report to help you do just that, and it’s free today. Discover 7 private companies looking to get the most from construction and repairs to roads, bridges and buildings, as well as moving goods and transforming energy on an almost unimaginable scale.

Download for free: How to capitalize on trillions of infrastructure spending >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 of the best stocks for the next 30 days. Click for this free report

HarleyDavidson, Inc. (HOG): Free Stock Analysis Report

To read this article on Zacks.com click here.


Leave a Comment