CNH Global N.V. Earnings Cheat Sheet: Beats Expectations

CNH Global N.V. (NYSE:CNH) reported net income above Wall Street’s expectations for the third quarter. 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.

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CNH Global Earnings Cheat Sheet for the Third Quarter

Results: Net income for CNH Global N.V. rose to $274 million ($1.14 per share) vs. $83 million (35 cents per share) in the same quarter a year earlier. This is a more than threefold rise from the year earlier quarter.

Revenue: Rose 30.3% to $4.61 billion from the year earlier quarter.

Actual vs. Wall St. Expectations: CNH reported adjusted net income of $1.13 per share. By that measure, the company beat the mean estimate of 82 cents per share. It beat the average revenue estimate of $4.2 billion.

Key Stats:

The company has enjoyed double-digit year-over-year percentage revenue growth for the past five quarters. Over that span, the company has averaged growth of 21.6%, with the biggest boost coming in the most recent quarter when revenue rose 30.3% from the year earlier quarter.

The company has now topped analyst estimates for the last four quarters. It beat the mark by 34 cents in the second quarter, by 14 cents in the first quarter, and by 45 cents in the fourth quarter of the last fiscal year.

Looking Forward: Analysts appear increasingly optimistic about the company’s results for the next quarter. The average estimate for the fourth quarter has moved up from 64 cents a share to 65 cents over the last ninety days. Over the past three months, the average estimate for the fiscal year has climbed from $3.06 per to share to $3.43.

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).

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(Source: Xignite Financials)