Harley-Davidson (HOG) reported 4Q earnings on Thur 28 Jan 16 (b/o)

** charts before earnings **

 

** charts after earnings **

 

** 6 weeks later  **

Harley-Davidson beats by $0.01, misses on revs; guides for 1-3% shipment growth in 2016 :

• Reports Q4 (Dec) earnings of $0.22 per share, $0.01 better than the Capital IQ Consensus of $0.21; revenues fell 2.3% year/year to $1.01 bln vs the $1.03 bln Capital IQ Consensus. Throughout 2015, Harley-Davidson retail motorcycle sales were adversely affected by heightened competitive pressures including those arising from shifts in world currencies.
• Co shipped 48,149 motorcycles during the quarter, vs. guidance for 47,000 to 52,000 motorcycles.
• HOG expects to ship 269,000 to 274,000 motorcycles in 2016, an approximate 1-3% increase from 2015 shipments.
• For Q1, the company expects to ship 78,000 to 83,000 motorcycles compared to 79,589 motorcycles shipped in the year-ago period.
• The company expects full-year 2016 operating margin of approximately 16 to 17 percent for the Motorcycles segment.
• The company expects 2016 capital expenditures for Harley-Davidson, Inc. of $255 million to $275 million.