CNH Industrial NV CNH.N reported quarterly adjusted earnings of 17 cents per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 38 cents. The mean expectation of fourteen analysts for the quarter was for earnings of 14 cents per share. Wall Street expected results to range from 8 cents to 19 cents per share.
Revenue fell 14.2% to $4.71 billion from a year ago; analysts expected $4.17 billion.
CNH Industrial NV's reported EPS for the quarter was 17 cents.
The company reported quarterly net income of $217 million.
CNH Industrial NV shares had held steady so far this quarter and gained 14.4% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 15.2% in the last three months.
In the last 30 days, two analysts negatively revised earnings estimates
RECOMMENDATIONS
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy," 9 "hold" and no "sell" or "strong sell." The average consensus recommendation for the heavy machinery & vehicles peer group is also "buy"
Wall Street's median 12-month price target for CNH Industrial NV is $15.00, about 13.6% above its last closing price of $12.96
This summary was machine generated from LSEG data August 1 at 11:59 a.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)