Harley-Davidson beats Q3 revenue estimates, sets $200 mln stock buyback

Harley-Davidson

04/11/2025 12:00

Overview

Harley-Davidson Q3 revenue rose 17%, beating analyst expectations

Global motorcycle retail sales declined 6% amid soft demand and economic challenges

Company announced $200 mln accelerated share repurchase agreement

Outlook

Company continues to withhold full-year 2025 HDMC financial outlook due to global uncertainties

Harley-Davidson updates LiveWire operating loss guidance to $72-$77 mln

Company announces $200 mln accelerated share repurchase agreement

Result Drivers

HDFS TRANSACTION - Completion of HDFS transaction with KKR and PIMCO released over $1.2 bln in discretionary cash, transforming HDFS into a capital-light business

SHIPMENT INCREASE - Global motorcycle shipments rose 33%, driving a 23% increase in HDMC revenue

RETAIL SALES DECLINE - Global retail motorcycle sales fell 6% due to soft demand and economic challenges

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$1.34 bln
$1 bln (11 Analysts)
Q3 EPS
$3.10
Q3 Net Income
$377 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 5 "strong buy" or "buy", 9 "hold" and 2 "sell" or "strong sell"

The average consensus recommendation for the auto & truck manufacturers peer group is "buy."

Wall Street's median 12-month price target for Harley-Davidson Inc is $28.00, about 3.2% above its November 3 closing price of $27.11

The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 8 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)