Earnings Preview: CNH Industrial N.V. (NYSE:CNHI) moved up 4 times out of last 7 quarters
CNH Industrial N.V. (NYSE:CNHI) is projected to declare fiscal first quarter financial results right before the stock market’s official open on April 27, 2017. The stock added about 6.1 percent in price since last results when it was at $9.09 a share. Based on the most relevant past-periods data, there is an 57.14 percent probability for this firm’s share price to go up following next quarterly results. Earnings reaction history tells us that the equity price moved up 4 times out of last 7 reported quarters. It has beaten earnings-per-share estimates 50% of the time in its last 12 earnings reports. It fell short of earnings estimates on 4 occasions, and it has met expectations 2 times.
Here’s how traders responded to CNHI earnings announcements over the past few quarters.
CNH Industrial N.V. (CNHI) Earnings Surprises & Reaction
Given its history, the average earnings announcement surprise was -6.82 percent over the past four quarters. Back on January 31, 2017, it posted earnings per-share earnings at $0.14 which beat the consensus $0.11 projection (positive surprise of27.27%. For the quarter, revenue came in at 6.55B versus consensus estimate of 6.26B. The stock dropped -1.43 percent the session following the earnings reports were released, and on 7th day price change was 4.62 percent.
On October 31, 2016, it reported earnings at $0.05 a share compared with the consensus estimate of $0.05 per share (negative surprise of 0%). Revenue of 5.23B for that quarter was below the $5.2B analysts had expected. The stock climbed 1.04% the day following the earnings announcement, and on 7th day price change was -6.88%.
On July 26, 2016, it recorded $0.16 a share in earnings which topped the consensus estimate of $0.11 (positive surprise of 45.45%). Revenue for the quarter was $6.15B while analysts called for revenues to be $5.82B. The stock gained 7.21% the day following the earnings data was made public, and on 7th day price change was 7.52%.
On April 29, 2016, it announced earnings per share at $0 versus the consensus estimate of $0.06 per share (negative surprise of -100%). That came on revenues of $4.73B for that period. Analysts had expected $5.06B in revenue.
CNH Industrial N.V. Earnings Estimates
As Q1 earnings announcement date approaches, Wall Street is expecting earnings per share of $0.03. The analysts’ present consensus range is $0.02-$0.06 for EPS. The market consensus range for revenue is between $4.89B and $5.29B, with an average of $5.01B.
CNH Industrial N.V. (NYSE:CNHI) last ended at $9.66, sending the company’s market cap near $13.15B. The consensus 12-month price target from analysts covering the stock is $8.67. The share price has declined -0.92% from its top level in 52 weeks and dropped 11.16% this year. It recently traded in a range of $9.61-$9.75 at a volume of 1994672 shares. The recent trading ended with the price nearly 2.11 higher for the last 5 trading days, rebounding 63.42% from its 52-week low.