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Q4 Earnings Outperformers: Harley-Davidson (NYSE:HOG) And The Rest Of The Leisure Products Stocks

HOG Cover Image

Earnings results often indicate what direction a company will take in the months ahead. With Q4 behind us, let’s have a look at Harley-Davidson (NYSE: HOG) and its peers.

Leisure products cover a wide range of goods in the consumer discretionary sector. Maintaining a strong brand is key to success, and those who differentiate themselves will enjoy customer loyalty and pricing power while those who don’t may find themselves in precarious positions due to the non-essential nature of their offerings.

The 13 leisure products stocks we track reported a mixed Q4. As a group, revenues beat analysts’ consensus estimates by 1.7% while next quarter’s revenue guidance was 1.9% below.

Amidst this news, share prices of the companies have had a rough stretch. On average, they are down 11.1% since the latest earnings results.

Weakest Q4: Harley-Davidson (NYSE: HOG)

Founded in 1903, Harley-Davidson (NYSE: HOG) is an American motorcycle manufacturer known for its heavyweight motorcycles designed for cruising on highways.

Harley-Davidson reported revenues of $687.6 million, down 34.7% year on year. This print fell short of analysts’ expectations by 3.8%. Overall, it was a disappointing quarter for the company with a miss of analysts’ motorcycles sold estimates and a significant miss of analysts’ adjusted operating income estimates.

Harley-Davidson Total Revenue

Harley-Davidson delivered the slowest revenue growth of the whole group. The stock is down 4.5% since reporting and currently trades at $25.62.

Read our full report on Harley-Davidson here, it’s free.

Best Q4: Malibu Boats (NASDAQ: MBUU)

Founded in California in 1982, Malibu Boats (NASDAQ: MBUU) is a manufacturer of high-performance sports boats and luxury watercrafts.

Malibu Boats reported revenues of $200.3 million, down 5.1% year on year, outperforming analysts’ expectations by 4.8%. The business had an exceptional quarter with an impressive beat of analysts’ EPS estimates and a solid beat of analysts’ adjusted operating income estimates.

Malibu Boats Total Revenue

Although it had a fine quarter compared to its peers, the market seems unhappy with the results as the stock is down 21.6% since reporting. It currently trades at $30.10.

Is now the time to buy Malibu Boats? Access our full analysis of the earnings results here, it’s free.

Solo Brands (NYSE: DTC)

Started through a Kickstarter campaign, Solo Brands (NYSE: DTC) is a provider of outdoor and recreational products.

Solo Brands reported revenues of $143.5 million, down 13.2% year on year, falling short of analysts’ expectations by 10%. It was a disappointing quarter as it posted a miss of analysts’ Wholesale revenue estimates.

Solo Brands delivered the weakest performance against analyst estimates in the group. As expected, the stock is down 66.1% since the results and currently trades at $0.22.

Read our full analysis of Solo Brands’s results here.

Ruger (NYSE: RGR)

Founded in 1949, Ruger (NYSE: RGR) is an American manufacturer of firearms for the commercial sporting market.

Ruger reported revenues of $145.8 million, up 11.6% year on year. This result topped analysts’ expectations by 5.8%. Aside from that, it was a mixed quarter as it logged a significant miss of analysts’ EBITDA estimates.

Ruger scored the fastest revenue growth among its peers. The stock is up 10.6% since reporting and currently trades at $39.23.

Read our full, actionable report on Ruger here, it’s free.

American Outdoor Brands (NASDAQ: AOUT)

Spun off from Smith and Wesson in 2020, American Outdoor Brands (NASDAQ: AOUT) is an outdoor and recreational products company that offers outdoor and shooting sports products but does not sell firearms themselves.

American Outdoor Brands reported revenues of $58.51 million, up 9.5% year on year. This print beat analysts’ expectations by 4%. It was a very strong quarter as it also put up a solid beat of analysts’ EPS estimates and an impressive beat of analysts’ EBITDA estimates.

The stock is down 16.8% since reporting and currently trades at $12.51.

Read our full, actionable report on American Outdoor Brands here, it’s free.


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