We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
CNH (CNH) Q3 Earnings Preview: What You Should Know Beyond the Headline Estimates
Read MoreHide Full Article
Analysts on Wall Street project that CNH Industrial (CNH - Free Report) will announce quarterly earnings of $0.10 per share in its forthcoming report, representing an increase of 25% year over year. Revenues are projected to reach $4.44 billion, increasing 1% from the same quarter last year.
The consensus EPS estimate for the quarter has been revised 2.5% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
With that in mind, let's delve into the average projections of some CNH metrics that are commonly tracked and projected by analysts on Wall Street.
The collective assessment of analysts points to an estimated 'Revenues- Net Sales' of $3.77 billion. The estimate points to a change of +1.9% from the year-ago quarter.
Based on the collective assessment of analysts, 'Revenues- Finance, interest and other income' should arrive at $676.87 million. The estimate suggests a change of -2.9% year over year.
The consensus among analysts is that 'Revenues- Agriculture' will reach $2.96 billion. The estimate indicates a year-over-year change of -0.2%.
Analysts forecast 'Revenues- Construction' to reach $815.53 million. The estimate suggests a change of +10.4% year over year.
It is projected by analysts that the 'Agriculture Sales- North America' will reach $1.03 billion. The estimate suggests a change of +2.8% year over year.
The combined assessment of analysts suggests that 'Agriculture Sales- Europe, Middle East and Africa' will likely reach $1.07 billion. The estimate points to a change of +1.5% from the year-ago quarter.
The consensus estimate for 'Agriculture Sales- South America' stands at $476.26 million. The estimate indicates a year-over-year change of -7.2%.
Analysts expect 'Construction Sales- Asia Pacific' to come in at $46.96 million. The estimate suggests a change of +11.8% year over year.
According to the collective judgment of analysts, 'Construction Sales- North America' should come in at $446.48 million. The estimate points to a change of +11.6% from the year-ago quarter.
Analysts predict that the 'Construction Sales- Europe, Middle East and Africa' will reach $198.58 million. The estimate indicates a year-over-year change of +4%.
Analysts' assessment points toward 'Construction Sales- South America' reaching $123.58 million. The estimate suggests a change of +16.6% year over year.
The average prediction of analysts places 'Agriculture Sales- Asia Pacific' at $386.70 million. The estimate indicates a change of -3.3% from the prior-year quarter.
Shares of CNH have demonstrated returns of -11.6% over the past month compared to the Zacks S&P 500 composite's -2% change. With a Zacks Rank #3 (Hold), CNH is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
View the Zacks #1 Rank List
Image: Bigstock
CNH (CNH) Q3 Earnings Preview: What You Should Know Beyond the Headline Estimates
Analysts on Wall Street project that CNH Industrial (CNH - Free Report) will announce quarterly earnings of $0.10 per share in its forthcoming report, representing an increase of 25% year over year. Revenues are projected to reach $4.44 billion, increasing 1% from the same quarter last year.
The consensus EPS estimate for the quarter has been revised 2.5% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
With that in mind, let's delve into the average projections of some CNH metrics that are commonly tracked and projected by analysts on Wall Street.
The collective assessment of analysts points to an estimated 'Revenues- Net Sales' of $3.77 billion. The estimate points to a change of +1.9% from the year-ago quarter.
Based on the collective assessment of analysts, 'Revenues- Finance, interest and other income' should arrive at $676.87 million. The estimate suggests a change of -2.9% year over year.
The consensus among analysts is that 'Revenues- Agriculture' will reach $2.96 billion. The estimate indicates a year-over-year change of -0.2%.
Analysts forecast 'Revenues- Construction' to reach $815.53 million. The estimate suggests a change of +10.4% year over year.
It is projected by analysts that the 'Agriculture Sales- North America' will reach $1.03 billion. The estimate suggests a change of +2.8% year over year.
The combined assessment of analysts suggests that 'Agriculture Sales- Europe, Middle East and Africa' will likely reach $1.07 billion. The estimate points to a change of +1.5% from the year-ago quarter.
The consensus estimate for 'Agriculture Sales- South America' stands at $476.26 million. The estimate indicates a year-over-year change of -7.2%.
Analysts expect 'Construction Sales- Asia Pacific' to come in at $46.96 million. The estimate suggests a change of +11.8% year over year.
According to the collective judgment of analysts, 'Construction Sales- North America' should come in at $446.48 million. The estimate points to a change of +11.6% from the year-ago quarter.
Analysts predict that the 'Construction Sales- Europe, Middle East and Africa' will reach $198.58 million. The estimate indicates a year-over-year change of +4%.
Analysts' assessment points toward 'Construction Sales- South America' reaching $123.58 million. The estimate suggests a change of +16.6% year over year.
The average prediction of analysts places 'Agriculture Sales- Asia Pacific' at $386.70 million. The estimate indicates a change of -3.3% from the prior-year quarter.
View all Key Company Metrics for CNH here>>>Shares of CNH have demonstrated returns of -11.6% over the past month compared to the Zacks S&P 500 composite's -2% change. With a Zacks Rank #3 (Hold), CNH is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .