CNH Global N.V. Second Quarter Earnings Preview

CNH Global N.V. (NYSE:CNH) will unveil its latest earnings on Monday, July 25, 2011. 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 99 cents per share, a rise of 67.8% 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 91 cents. Between one and three months ago, the average estimate moved up, and has risen from 98 cents during the last month. For the year, analysts are projecting net income of $2.98 per share, a rise of 43.3% from last year.

Past Earnings Performance: The company’s quarterly results have come in above estimates for the last three quarters. Last quarter, the company booked profit of 57 cents per share versus a mean estimate of net income of 43 cents per share.

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Wall St. Revenue Expectations: On average, analysts predict $4.45 billion in revenue this quarter, a rise of 12.9% from the year ago quarter. Analysts are forecasting total revenue of $16.31 billion for the year, a rise of 12.7% from last year’s revenue of $14.47 billion.

Analyst Ratings: Analysts seem relatively indifferent about CNH Global N.V. (ADR with four of six analysts surveyed maintaining a hold rating.

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 16.1%, with the biggest boost coming in the third quarter of the last fiscal year when revenue rose 19.6% from the year earlier quarter.

Competitors to Watch: 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 April 21, 2011 to July 19, 2011, the stock price had fallen $12.03 (-25.2%) from $47.80 to $35.77. The stock price saw one of its best stretches over the last year between June 24, 2011 and July 1, 2011 when shares rose for six-straight days, rising 10.6% (+$3.82) 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 $11.97 (-25.1%) year to date.

(Source: Xignite Financials)

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