How Did Harley-Davidson Stock Perform in 2Q17?


Nov. 20 2020, Updated 1:45 p.m. ET

Harley-Davidson’s 2Q17

Harley-Davidson (HOG) is set to release its 2Q17 earnings data on July 18, 2017. HOG is the world’s most popular heavyweight motorcycle brand. Before we find out what investors can expect from its upcoming earnings, let’s explore how Harley-Davidson stock performed in the second quarter.

Article continues below advertisement

Harley’s stock in 2Q17

In 2Q17, the broader market (SPY) witnessed mixed investor sentiment. These mixed sentiments could be driven by recent political and economic changes in the US. The S&P 500 Index ended the quarter with 2.6% positive returns.

During the second quarter, Harley-Davidson stock underperformed the broader market and fell 10.7%. These losses were also worse than the losses of other US mainstream automakers. General Motors (GM) fell 1.2%, and Ford (F) fell 3.9% in 2Q17.

Harley’s dismal 2017 outlook and worsening profit margins could be the primary reason why HOG has underperformed mainstream US automakers like GM and Ford in the second quarter. Tesla stock (TSLA) rose 29.9% in 2Q17, but as of July 11, it has lost about 9.5% during the month so far. Read US Auto Sales for June 2017: Is Optimism Alive? to learn more.

Series overview

In this series, we’ll take a look at analysts’ estimates for Harley-Davidson’s 2Q17 earnings. This will also include revenue and margins estimates for the company’s upcoming earnings report. We’ll also cover the company’s valuation multiples and key technical levels towards the end of this series.

First, we’ll go through a quick recap of HOG’s most recent earnings, and then we’ll move on to the company’s 2Q17 earnings estimates in the next article of this series.


More From Market Realist

    • CONNECT with Market Realist
    • Link to Facebook
    • Link to Twitter
    • Link to Instagram
    • Link to Email Subscribe
    Market Realist Logo
    Do Not Sell My Personal Information

    © Copyright 2021 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.