Why CNH Industrial Shares Are Gaining today
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 02 2024
0mins
Source: earning
- CNH Industrial N.V. Q1 FY24 Results:
- Revenue declined 10% Y/Y to $4.82 billion, beating expectations.
- Net sales of Industrial Activities were down 14% Y/Y to $4.13 billion.
- Agriculture net sales dropped 14% Y/Y to $3.37 billion due to lower industry volume.
- Construction net sales fell 11% Y/Y to $758 million because of weak market demand.
- Adjusted EPS was $0.33, beating consensus, but operating cash flow and free cash flow were negative.
Analyst Views on KROP
Wall Street analysts forecast KROP stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for KROP is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 33.053
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Current: 33.053
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
