Cummins Inc expected to post earnings of $4.48 a share - Earnings Preview

Cummins

02/02/2024 13:43

* Cummins Inc  CMI.N   CMI  is expected to show a rise in
quarterly revenue when it reports  results on February 6 for the
period ending December 31 2023
    * The Columbus Indiana-based  company is expected to report
a
4.8% increase in revenue to $8.142 billion from $7.77 billion a
year ago, according to the mean estimate from 14 analysts, based
on LSEG data. (Sales/Revenue Majority basis is on Total Revenue)
    * ​LSEG's mean analyst estimate for Cummins Inc is for
earnings of
$4.48 per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 13
"hold" and 2 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Cummins Inc
is
$255.00​, above​ its last closing price of $242.97. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  4.71        4.68       4.59      Missed  -2
 Jun. 30 2023  5.34        5.29       5.05      Missed  -4.6
 Mar. 31 2023  4.74        4.75       5.55      Beat    16.9​
 Dec. 31 2022  4.36        4.50       4.43      Missed  -1.5
 ​​Sep.        4.89        4.85       2.82      Missed  -41.8
 30 2022                                                
 Jun. 30 2022  4.36        4.35       4.94      Beat    13.6​
 Mar. 31 2022  3.67        3.56       4.04      Beat    13.6
 Dec. 31 2021  3.16        3.15       2.73      Missed  -13.3
 This summary was machine generated February 2 at 13:43 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)