Cummins Inc reports results for the quarter ended in December - Earnings Summary

Cummins

06/02/2024 15:08

* Cummins Inc  CMI.N  reported a quarterly adjusted loss of
$10.01​​ per share for the quarter ended in December, lower than
the same quarter last year, when the company reported EPS of
$4.43.  The mean expectation of eighteen analysts for the
quarter was for earnings of $4.48 per share. Wall Street
expected results to range from $4.11  to $4.96 per share.
    * Revenue rose 9.9% to $8.54 billion from a year ago;
analysts
expected $8.14 billion. 
    * Cummins Inc's reported EPS for the quarter was a loss of
$10.01​.
    * The company reported a quarterly loss of $1.43 billion.
    * Cummins Inc shares had risen by 0.6% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * 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." 
    * Wall Street's median 12-month price target for Cummins Inc
is
$255.00 

This summary was machine generated from LSEG data February 6 at
03:08 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      4.48           -10.01         Missed
 Sep. 30 2023      4.68           4.59           Missed
 Jun. 30 2023      5.29           5.05           Missed
 Mar. 31 2023      4.75           5.55           Beat