CNH Industrial Beats Q2 Estimates, Raises Guidance on Construction Strength
CNH sits 18% above its 52-week low of $9.
Summary
CNH Industrial delivered a clean Q2 beat: revenue of $4.80B topped the $4.38B consensus, and adjusted EPS of $0.13 beat by $0.03. The construction segment drove the upside with 12% sales growth, while agriculture held flat and financial services slipped. Management narrowed full-year adjusted EPS guidance to $0.41-$0.46, the high end of prior ranges, signaling confidence in the back half. This follows an earlier outlook lift this morning, but the detailed segment performance and specific EPS beats are new. The stock, trading at 18x forward earnings, now has a clearer path to the $12.13 median price target.
At the time of this announcement, CNH was trading at $10.65 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $12.7B. The 52-week trading range was $9.00 to $13.31. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.