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

Cummins

03/08/2023 14:33

* Cummins Inc  CMI.N  reported quarterly adjusted earnings
of
$5.05​​ per share for the quarter ended in June. The mean
expectation of nineteen analysts for the quarter was
for earnings of $5.29 per share.
    * Revenue rose 31.2% to $8.64 billion from a year ago;
analysts
expected $8.37 billion. 
    * Cummins Inc's reported EPS for the quarter was $5.05​.
    * The mean earnings estimate of analysts had risen by
about 3.1%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Cummins Inc shares had risen by 7.0% this quarter and
gained 8.2% so far this year.
    * The company reported quarterly net income of $720 million.
    * Wall Street's median 12-month price target for Cummins Inc
is
$258.50 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
August 3 at 01:32 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      5.29           5.05           Missed
 Mar. 31 2023      4.75           5.55           Beat
 Dec. 31 2022      4.50           4.43           Missed
 Sep. 30 2022      4.85           2.82           Missed