CNH Global Earnings Cheat Sheet: Commodities Boom Yields Big Profits
CNH Global N.V. (NYSE:CNH) reported net income above Wall Street’s expectations for the first quarter. A global, full-line company in both the agricultural and construction equipment industries, with positions in many significant geographic and product categories in both agricultural and construction equipment.
CNH Global Earnings Cheat Sheet for the First Quarter
Results: Net income for CNH Global N.V. rose to $152 million (63 cents/share) vs. $16 million (7 cents/share) YoY. A substantial increase from the year earlier quarter.
Revenue: Rose 17.3% to $3.8 billion YoY.
Actual vs. Wall St. Expectations: CNH beat the mean analyst estimate of 44 cents/share. Estimates ranged from 37 cents per share to 53 cents per share.
Key Stats: Over the last five quarters, revenue has increased 14.1% on average year over year. The biggest increase came in the third quarter of the last fiscal year, when revenue rose 19.6% from the year earlier quarter.
Competitors to Watch: Caterpillar Inc. (NYSE:CAT), Lindsay Corp (NYSE:LNN), Alamo Group (NYSE:ALG), Kubota (NYSE:KUB), Columbus McKinnon (NASDAQ:CMCO), Manitowoc (NYSE:MTW), AGCO (NYSE:AGCO), Arts-Way (NASDAQ:ARTW), Deere & Company (NYSE:DE), and Komatsu Ltd. (KMTU).
Today’s Performance: Shares of CNH are trading at $47.82 as of April 21, 2011 at 11:47 AM ET, up 6% from the previous closing price of $45.09.