American motorcycle manufacturing company Harley-Davidson (NYSE: HOG) will be reporting earnings this Tuesday before the bell. Here’s what you need to know.

Harley-Davidson missed analysts’ revenue expectations by 4.6% last quarter, reporting revenues of $1.31 billion, down 19.3% year on year. It was a disappointing quarter for the company, with a miss of analysts’ motorcycles sold and revenue estimates. It reported 35,837 motorcycles sold, down 27.8% year on year.

Is Harley-Davidson a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting Harley-Davidson’s revenue to grow 14.9% year on year to $1.32 billion, a reversal from the 25.7% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.64 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Harley-Davidson has missed Wall Street’s revenue estimates six times over the last two years.

Looking at Harley-Davidson’s peers in the consumer discretionary segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Malibu Boats delivered year-on-year revenue growth of 13.5%, beating analysts’ expectations by 4.3%, and Brunswick reported revenues up 6.8%, topping estimates by 8.9%. Malibu Boats traded down 14.6% following the results while Brunswick was up 10.6%.

Read our full analysis of Malibu Boats’s results here and Brunswick’s results here.

The outlook for 2025 remains clouded by potential trade policy changes and corporate tax discussions, which could impact business confidence and growth. While some of the consumer discretionary stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 4.7% on average over the last month. Harley-Davidson is up 1.7% during the same time and is heading into earnings with an average analyst price target of $29.22 (compared to the current share price of $27).

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