Picture of Cummins logo

CMI Cummins News Story

0.000.00%
us flag iconLast trade - 00:00
Consumer CyclicalsBalancedLarge CapHigh Flyer

Cummins Inc reports results for the quarter ended June 30 - Earnings Summary

Cummins Inc CMI.N reported quarterly adjusted earnings of $6.43​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of $5.26.  The mean expectation of seventeen analysts for the quarter was for earnings of $5.13 per share. Wall Street expected results to range from $4.34  to $5.76 per share.

Revenue fell 1.7% to $8.64 billion from a year ago; analysts expected $8.44 billion.

Cummins Inc's reported EPS for the quarter was $6.43​.

The company reported quarterly net income of $890 million.

Cummins Inc shares had risen by 10.4% this quarter and gained 3.7% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had fallen by about 1.2% in the last three months.​

In the last 30 days, four analysts negatively revised earnings estimates

RECOMMENDATIONS

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 7 "strong buy" or "buy," 14 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the auto, truck & motorcycle parts peer group is  "buy."

Wall Street's median 12-month price target for Cummins Inc is $355.00, about 1.9% below its last closing price of $361.59

This summary was machine generated from LSEG data August 5 at 01:31 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 ENDINGESTIMATEACTUALBEAT, MET, MISSED
Jun. 30 20255.136.43Beat
Mar. 31 20254.905.96Beat
Dec. 31 20244.685.14Beat
Sep. 30 20244.805.86Beat

Recent news on Cummins

See all news