CNH Industrial reported $4.82 billion in revenue for the quarter ended March 2024, representing a year-over-year decline of 9.8%. EPS of $0.33 for the same period compares to $0.35 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $4.64 billion, representing a surprise of +3.77%. The company delivered an EPS surprise of +26.92%, with the consensus EPS estimate being $0.26.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how CNH performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenues- Total Industrial Activities- Agriculture: $3.37 billion compared to the $3.23 billion average estimate based on five analysts. The reported number represents a change of -14.1% year over year.
- Revenues- Total Industrial Activities- Construction: $758 million versus $778.20 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -10.7% change.
- Revenues- Financial Services: $685 million versus the four-analyst average estimate of $569.63 million. The reported number represents a year-over-year change of +24.8%.
- Revenues- Net Sales: $4.13 billion versus $4.08 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -13.5% change.
- Revenues- Total Industrial Activities: $4.17 billion versus the four-analyst average estimate of $4.14 billion. The reported number represents a year-over-year change of -13.7%.
- Revenues- Finance, interest and other income: $687 million compared to the $592.90 million average estimate based on four analysts. The reported number represents a change of +21.4% year over year.
- Revenues- Eliminations: -$40 million compared to the $9.87 million average estimate based on two analysts. The reported number represents a change of 0% year over year.
- Adjusted EBIT- Industrial Activities- Agriculture: $421 million compared to the $413.88 million average estimate based on five analysts.
- Adjusted EBIT- Industrial Activities- Construction: $51 million versus the five-analyst average estimate of $36.45 million.
- Adjusted EBIT- Industrial Activities- Unallocated items, eliminations and other: -$67 million compared to the -$54.28 million average estimate based on five analysts.
- Adjusted EBIT- Total Industrial Activities: $405 million versus $400.56 million estimated by four analysts on average.
View all Key Company Metrics for CNH here>>>Shares of CNH have returned -8.9% over the past month versus the Zacks S&P 500 composite's -2.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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CNH Industrial reported $4.82 billion in revenue for the quarter ended March 2024, representing a year-over-year decline of 9.8%. EPS of $0.33 for the same period compares to $0.35 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $4.64 billion, representing a surprise of +3.77%. The company delivered an EPS surprise of +26.92%, with the consensus EPS estimate being $0.26.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how CNH performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenues- Total Industrial Activities- Agriculture: $3.37 billion compared to the $3.23 billion average estimate based on five analysts. The reported number represents a change of -14.1% year over year.
- Revenues- Total Industrial Activities- Construction: $758 million versus $778.20 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -10.7% change.
- Revenues- Financial Services: $685 million versus the four-analyst average estimate of $569.63 million. The reported number represents a year-over-year change of +24.8%.
- Revenues- Net Sales: $4.13 billion versus $4.08 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -13.5% change.
- Revenues- Total Industrial Activities: $4.17 billion versus the four-analyst average estimate of $4.14 billion. The reported number represents a year-over-year change of -13.7%.
- Revenues- Finance, interest and other income: $687 million compared to the $592.90 million average estimate based on four analysts. The reported number represents a change of +21.4% year over year.
- Revenues- Eliminations: -$40 million compared to the $9.87 million average estimate based on two analysts. The reported number represents a change of 0% year over year.
- Adjusted EBIT- Industrial Activities- Agriculture: $421 million compared to the $413.88 million average estimate based on five analysts.
- Adjusted EBIT- Industrial Activities- Construction: $51 million versus the five-analyst average estimate of $36.45 million.
- Adjusted EBIT- Industrial Activities- Unallocated items, eliminations and other: -$67 million compared to the -$54.28 million average estimate based on five analysts.
- Adjusted EBIT- Total Industrial Activities: $405 million versus $400.56 million estimated by four analysts on average.
View all Key Company Metrics for CNH here>>>Shares of CNH have returned -8.9% over the past month versus the Zacks S&P 500 composite's -2.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Highest Returns for Any Asset Class
It’s not even close. Despite ups and downs, Bitcoin has been more profitable for investors than any other decentralized, borderless form of money.
No guarantees for the future, but in the past three presidential election years, Bitcoin’s returns were as follows: 2012 +272.4%, 2016 +161.1%, and 2020 +302.8%. Zacks predicts another significant surge in months to come.
Hurry, Download Special Report – It’s FREE >>