CNH (CNH) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

CNH Industrial reported Q3 2025 revenue of $4.4 billion, a 5.5% year-over-year decrease, yet it surpassed the Zacks consensus estimate by 2.21%. Conversely, EPS significantly missed expectations, coming in at $0.08 against an estimated $0.13, marking a 38.46% negative surprise and a substantial drop from $0.24 in the prior year. Segmental performance was mixed, with strong growth in Construction sales for North America and Europe/MEA, and Agriculture sales in Europe/MEA, but notable declines in North American and South American Agriculture sales. The stock has underperformed the broader market recently and carries a Zacks Rank #4 (Sell).

Analysis

CNH Industrial reported Q3 2025 revenue of $4.4 billion, a 5.5% year-over-year decline, yet it surpassed the Zacks Consensus Estimate of $4.3 billion by 2.21%. Conversely, diluted EPS significantly missed expectations, coming in at $0.08 against an estimated $0.13, representing a 38.46% negative surprise and a substantial drop from $0.24 in the prior year. This indicates a top-line resilience but significant pressure on profitability.

Segmental performance was notably mixed, with strong growth observed in Construction sales for North America (+11.7%) and Europe, Middle East, and Africa (+26.5%), both exceeding analyst estimates. Agriculture sales in Europe, Middle East, and Africa also posted a robust 16% year-over-year increase, beating expectations. However, these gains were offset by significant declines in Agriculture sales in North America (-28.7%) and South America (-11.9%), both missing analyst projections.

The company's overall Total Industrial Activities revenue decreased by 7.1% year-over-year, despite beating estimates. The stock has underperformed the broader market, returning -2.2% over the past month compared to the S&P 500's -0.2% change. This performance, coupled with a Zacks Rank #4 (Sell), suggests a cautious near-term outlook from analysts.

Key Decisions for Investors

• Investors should carefully evaluate CNH's mixed Q3 results, noting the revenue beat against a significant EPS miss, indicating margin pressures.
• Monitor the divergent performance across geographic segments, particularly the substantial declines in North and South American Agriculture sales, which could signal broader agricultural market weakness.
• Given the recent stock underperformance and the Zacks Rank #4 (Sell), a cautious approach or further due diligence on underlying segment trends and future guidance is warranted.