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CNH Industrial N.V. Up 5.95% To $14.25 After Earnings Beat

Tuesday, November 08, 2022 12:30 PM | InvestorsObserver Analysts

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CNH Industrial N.V. Up 5.95% To $14.25 After Earnings Beat

Tuesday, November 8, 2022 - CNH Industrial N.V. (CNHI) reported upside earnings and revenues today.

CNH Industrial N.V.'s earnings came in at an EPS of $0.41 per share, 28.00% higher than estimates for an EPS of $0.32 per share. The firm's earnings are up 21% since reporting $0.34 per share in the same period a year ago. Remember, earnings reported were on an adjusted basis, so they may not be comparable to prior reports and/or analyst estimates.

Revenues were upbeat at $5.9 billion. That is an increase of 23.81% in revenues from the year-ago report and is 12.02% higher than consensus estimates set at $5.3 billion.

The stock is up 5.95% to $14.25 after the report.

The firm's higher revenue growth to earnings signals that the firm has not been able to reduce costs and has seen its profit margin decrease.

Wall Street Analysts had an average rating of Buy on the stock prior to the report.

InvestorsObserver gives the stock a Bullish Sentiment score at the moment based on recent trading.

CNH Industrial N.V. has been a strong performer over the past few months, garnering a high Long-Term Technical Rank by InvestorsObserver of 81, putting CNH Industrial N.V. in the top 25% of stocks. The firm set a 52-week low on July 14, 2022 at $10.6 and set a 52-week high on December 27, 2021 at $17.21.

CNH Industrial is a global manufacturer of heavy machinery, with a range of products including agricultural and construction equipment. One of its most recognizable brands, Case IH, has served farmers for generations. Its products are available through a robust dealer network, Commercial and Specialty Vehicles which includes over 5,000 dealer and distribution locations globally. CNH Industrial's finance arm provides retail financing for equipment to its customers, in addition to wholesale financing for dealers; which increases the likelihood of product sales.

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