CNH Global N.V. First Quarter Earnings Sneak Peek

CNH Global N.V. (NYSE:CNH) will unveil its latest earnings on Wednesday, April 25, 2012. 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. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 72 cents per share, a rise of 26.3% 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 69 cents. Between one and three months ago, the average estimate moved up. It has risen from 71 cents during the last month. For the year, analysts are projecting net income of $4.30 per share, a rise of 12.3% 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 6 cents, reporting profit of 78 cents per share against a mean estimate of net income of 72 cents per share.

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Analyst Ratings: Analysts are optimistic about this stock, with five analysts rating it as a buy, none rating it as a sell and two rating it as a hold.

A Look Back: In the fourth quarter of the last fiscal year, profit fell 7.7% to $193 million (81 cents a share) from $209 million (87 cents a share) the year earlier, but exceeded analyst expectations. Revenue rose 26.8% to $4.77 billion from $3.76 billion.

Key Stats:

With double-digit revenue growth the past four quarters, this earnings release is a chance to keep that positive trend going. The company has averaged year-over-year revenue growth of 24.6% over the last four quarters.

After last quarter’s profit drop broke a string of income increases, this earnings announcement is definitely a chance for a rebound. Net income rose 850% in the first quarter of the last fiscal year, more than twofold in the second quarter of the last fiscal year and more than threefold in the third quarter of the last fiscal year before declining in the fourth quarter of the last fiscal year.

Stock Price Performance: Between April 13, 2012 and April 19, 2012, the stock price rose $1.08 (2.5%), from $42.51 to $43.59. The stock price saw one of its best stretches over the last year between December 30, 2011 and January 11, 2012, when shares rose for eight straight days, increasing 17.2% (+$6.18) over that span. It saw one of its worst periods between February 21, 2012 and February 29, 2012 when shares fell for seven straight days, dropping 3.9% (-$1.74) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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