CNH Industrial Forecasts 2024 Adjusted EPS Of $1.45-$1.55 Down From Prior Guidance Of $1.50-$1.60 Versus Consensus Of $1.54
Portfolio Pulse from Benzinga Newsdesk
CNH Industrial revises its 2024 adjusted EPS forecast to $1.45-$1.55, down from the previous $1.50-$1.60, against a consensus of $1.54. The agriculture segment expects a larger sales decline of 11%-15% year-over-year, adjusted from an 8%-12% drop, with adjusted EBIT margins forecasted at 13.5%-14.5%, down from 14%-15%. The construction segment's forecasts remain unchanged with net sales down 7%-11% and adjusted EBIT margins between 5%-6%.
May 02, 2024 | 10:56 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
CNH Industrial lowers its 2024 EPS forecast to $1.45-$1.55, indicating a potential decrease in profitability. Agriculture sales and margin forecasts are revised downwards, while construction remains stable.
The downward revision in CNH Industrial's EPS forecast suggests a less optimistic outlook on its financial performance, particularly in the agriculture segment. This revision, especially when it is below the consensus, typically leads to negative investor sentiment in the short term. The unchanged outlook for the construction segment might provide some stability, but the overall negative adjustment in earnings guidance is likely to weigh on the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100