CNH Global NV (NYSE:CNH) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 4.27%.
CNH Global NV Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 31.29% to $1.93 in the quarter versus EPS of $1.47 in the year-earlier quarter.
Revenue: Rose 3.77% to $5.48 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: CNH Global NV reported adjusted EPS income of $1.93 per share. By that measure, the company beat the mean analyst estimate of $1.48. It beat the average revenue estimate of $5.27 billion.
Key Stats (on next page)…
Revenue decreased 0% from $0 in the previous quarter. EPS increased 45.11% from $1.33 in the previous quarter.
Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $1.38 to a profit $1.36. For the current year, the average estimate is a profit of $5.02, which is the same with that ninety days ago.
Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute – click here and get our CHEAT SHEET stock picks now.
(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)