Harley-Davidson (NYSE:HOG) is expected to report Q3 earnings before the market open on Tuesday, October 19 with a conference call scheduled for 9 am ET.
Analysts are looking for a profit of 36c on revenue of $1.1B. The consensus range is 23c-46c for EPS, and revenue of $1.03B-$1.14B, according to First Call. UBS said Harley-Davidson's U.S. retail sales likely declined in September, but not as much as industry declines. The firm expects Q3 sales to be down 10% but does not expect a change in the company's 2010 production guidance.
RBC Capital analyst Edward Aaron previously indicated that the company's U.S. retail sales turned positive in September. The company's comps declined by mid-teen levels from May to August. A positive sales number for September would come as a positive surprise to investors who expect Harley's Q3 retail sales to decline about 15%. If the company reports that its U.S. retail sales rose in September, its Q3 sales are likely to drop closer to 10%, according to Aaron. In July, the company said it still expects 2010 motorcycle shipments down 5%-10% to 201,000-212,000 motorcycles to dealers and distributors worldwide.