CNH Global (NYSE: CNH) is expected to report Q2 earnings on July 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 wane -1.0% and EPS will expand 2.0%.

The average estimate for revenue is $5.23 billion. On the bottom line, the average EPS estimate is $1.50.

Revenue details
Last quarter, CNH Global logged revenue of $4.70 billion. GAAP reported sales were 1.0% higher than the prior-year quarter's $4.90 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 $1.33. GAAP EPS of $1.33 for Q1 were 20% higher than the prior-year quarter's $1.11 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%, 70 basis points better than the prior-year quarter. Operating margin was 13.1%, 100 basis points better than the prior-year quarter. Net margin was 6.6%, 110 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $19.98 billion. The average EPS estimate is $5.00.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 294 members out of 320 rating the stock outperform, and 26 members rating it underperform. Among 75 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 72 give CNH Global a green thumbs-up, and three 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 $48.78.

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