Harley-Davidson Shares Surge 12% on Strong Q3 Beat
<p><a href='https://financialmodelingprep.com/financial-summary/HOG'>Harley-Davidson (NYSE:HOG)</a> shares rose more than 12% on Wednesday following the company’s reported Q3 results, with EPS of $1.78 coming in better than the Street estimate of $1.41. Revenue was $1.65 billion, beating the Street estimate of $1.37 billion.</p>
<p>The company reaffirmed its fiscal 2022 guidance, expecting HDMC revenue growth of 5-10% with an operating income margin of 11-12%.</p>
<p>According to the analysts at RBC Capital, the company had a really strong performance in the quarter, and no doubt that its turnaround efforts are taking hold. Management has gotten the company to a much better place to execute on demand, and demand seems to be OK for now, but tough to have a ton of confidence in 2023 given macro uncertainty and headwinds. The analysts raised their price target on the company's shares to $42 from $37 while maintaining their Sector Perform rating.</p>

NYSE:HOG