HOG - Turnaround Isn't Seen In Harley-Davidson's First Quarter But I'm Optimistic
Investment Thesis
While no turnaround was visible with 1st quarter 2019 earnings following a challenging 2018, Harley-Davidson (NYSE:HOG) was still able to return value to shareholders. With the low PE ratio compared to the industry average and optimism over new products, international expansion, and the stabilizing domestic market, now is a great time to buy in on Harley-Davidson’s turnaround story.
Overview
When Harley-Davidson reported first quarter 2019 earnings results, the company missed market expectations with a revenue decline of 11.8% year over year and non-GAAP and GAAP EPS of only $0.98