CNH Global (NYSE: CNH) is expected to report Q3 earnings on Oct. 31. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict CNH Global's revenues will grow 0.7% and EPS will expand 3.5%.
The average estimate for revenue is $4.64 billion. On the bottom line, the average EPS estimate is $1.17.
Revenue details
Last quarter, CNH Global notched revenue of $5.28 billion. GAAP reported sales were 2.2% higher than the prior-year quarter's $5.17 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS details
Last quarter, EPS came in at $1.47. GAAP EPS of $1.47 for Q2 were 11% higher than the prior-year quarter's $1.33 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
Recent performance
For the preceding quarter, gross margin was 24.7%, 10 basis points better than the prior-year quarter. Operating margin was 13.6%, 20 basis points better than the prior-year quarter. Net margin was 6.7%, 50 basis points better than the prior-year quarter.
Looking ahead
The full year's average estimate for revenue is $19.03 billion. The average EPS estimate is $4.45.
Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 292 members out of 319 rating the stock outperform, and 27 members rating it underperform. Among 76 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 74 give CNH Global a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on CNH Global is hold, with an average price target of $51.27.
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