CNH Industrial 2024 Outlook: Expects Agriculture Segment And Construction Segment Net Sales Down 15%-20%; Sees Adj. EPS Of $1.30-$1.40 Vs. $1.45 Est. (Prior $1.45-$1.55)
Portfolio Pulse from Benzinga Newsdesk
CNH Industrial has updated its 2024 outlook, forecasting a decline in net sales for both its agriculture and construction segments by 15%-20%. The company also revised its adjusted EPS to $1.30-$1.40, down from the previous estimate of $1.45-$1.55.
July 31, 2024 | 10:43 am
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CNH Industrial has revised its 2024 outlook, expecting a 15%-20% decline in net sales for both agriculture and construction segments. Adjusted EPS is now forecasted at $1.30-$1.40, down from the previous estimate of $1.45-$1.55.
The significant downward revision in net sales and adjusted EPS indicates weaker performance expectations, likely leading to a negative short-term impact on CNH Industrial's stock price.
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