CNH Global N.V. (ADR) Third Quarter Earnings Sneak Peek

CNH Global N.V. (ADR) (NYSE:CNH) will unveil its latest earnings on Thursday, October 27, 2011. CNH Global is 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 N.V. (ADR) Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 82 cents per share, a rise of 90.7% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 75 cents. Between one and three months ago, the average estimate moved up. It has been unchanged at 82 cents during the last month. For the year, analysts are projecting net income of $3.43 per share, a rise of 64.9% from last year.

Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 34 cents, reporting profit of $1.33 per share against a mean estimate of net income of 99 cents per share.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 18.6% in revenue from the year-earlier quarter to $4.2 billion.

Analyst Ratings: Analysts are bullish on this stock with four analysts rating it as a buy, none rating it as a sell and two rating it as a hold. Over the past 90 days, the average rating for the stock has moved up from hold to moderate buy.

A Look Back: In the second quarter, profit rose more than twofold to $320 million ($1.33 a share) from $144 million (60 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 23.9% to $4.88 billion from $3.94 billion.

Key Stats:

The company has enjoyed double-digit year-over-year percentage revenue growth for the past four quarters. Over that span, the company has averaged growth of 19.5%, with the biggest boost coming in the most recent quarter when revenue rose 23.9% from the year earlier quarter.

Competitors to Watch: AGCO Corporation (NYSE:AGCO), Arts-Way Manufacturing Co. Inc. (NASDAQ:ARTW), Deere & Company (NYSE:DE), Caterpillar Inc. (NYSE:CAT), Lindsay Corporation (NYSE:LNN), Alamo Group, Inc. (NYSE:ALG), Kubota Corporation (NYSE:KUB), Manitowoc Company, Inc. (NYSE:MTW), and Columbus McKinnon Corp. (NASDAQ:CMCO).

Stock Price Performance: During September 23, 2011 to October 21, 2011, the stock price had risen $5.18 (19%) from $27.25 to $32.43. The stock price saw one of its best stretches over the last year between July 18, 2011 and July 26, 2011 when shares rose for seven-straight days, rising 18.2% (+$6.41) over that span. It saw one of its worst periods between May 9, 2011 and May 17, 2011 when shares fell for seven-straight days, falling 15% (-$7.14) over that span. Shares are down $15.31 (-32.1%) year to date.

(Source: Xignite Financials)

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