Cummins Inc. CMI is a leading designer, manufacturer and distributor of diesel and natural gas engines and engine-related component products.
Earnings
In the first-quarter, Cummins reported adjusted earnings of $3.30 per share, beating the Zacks Consensus Estimate of $2.91.
Revenues
Cummins reported net revenue of $5.57 billion, higher than $4.59 billion recorded in the year-ago quarter. Also, the figure surpassed the Zacks Consensus Estimate of $5.17 billion.
Estimate Trend & Surprise History
Investors should note that stock has witnessed an upward trend in the Zacks Consensus Estimate for the first-quarter earnings over the last 30 days.
In the trailing four quarters, the company delivered earnings surprises thrice and missed once, leading to an average beat of around 13.1%.
Cummins Inc. Price and EPS Surprise
Key Stats/Developments to Note
For 2018, Cummins anticipates revenues to grow 10-14% compared with the prior outlook 4-8% rise in revenues. EBIT is expected in the range of 15.4-15.8%, a decline from the previous projection of 15.8-16.2%.
Zacks Rank
Cummins holds a Zacks Rank #3 (Hold), but that could change following its earnings report which has just released. Meanwhile, you can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Check back later for our full write up on Cummins’ earnings report!
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Be the first to comment