Cummins Inc expected to post earnings of $5.29 a share - Earnings Preview

Cummins

01/08/2023 19:35

* Cummins Inc  CMI.N   CMI  is expected to show a rise in
quarterly revenue when it reports  results on August 3. 
    * The Columbus Indiana-based  company is expected to report 
a
27.1% increase in revenue to $8.373 billion from $6.59 billion a
year ago, according to the mean estimate from 16 analysts, based
on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Cummins Inc is for
earnings of $5.29 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 16
"hold" and no "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
$258.5​, below​ its last closing price of $260.80. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  4.74        4.75       5.55      Beat    16.9
 Dec. 31 2023  4.36        4.50       4.43      Missed  -1.5
 Sep. 30 2022  4.89        4.85       2.82      Missed  -41.8​
 Jun. 30 2022  4.36        4.35       4.94      Beat    13.6
 ​​Mar.        3.67        3.56       4.04      Beat    13.6
 31 2022                                                
 Dec. 31 2021  3.16        3.15       2.73      Missed  -13.3​
 Sep. 30 2021  3.84        3.91       3.69      Missed  -5.7
 Jun. 30 2021  4.02        4.05       4.10      Beat    1.3
 This summary was machine generated August 1 at 18:35 GMT.  All
figures in US dollars  unless otherwise stated