Cummins Inc. (CMI - Free Report) is a leading designer, manufacturer and distributor of diesel and natural gas engines and engine-related component products.
Earnings
In the fourth-quarter, Cummins reported adjusted earnings of $3.03 per share, beating the Zacks Consensus Estimate of $2.65. The earnings per share in the year-ago quarter were $2.25.
Revenues
Cummins reported net revenue of $5.48 billion, higher than $4.5 billion recorded in the year-ago quarter. Also, the figure surpassed the Zacks Consensus Estimate of $5.2 billion.
Cummins Inc. Price and EPS Surprise
Estimate Trend & Surprise History
Investors should note that stock has witnessed an upward trend in the Zacks Consensus Estimate for the fourth-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 12.4%.
Key Stats/Developments to Note
For 2018, Cummins anticipates revenues to grow by 4-8%, compared to the prior guidance of 14-15% growth in revenues. EBIT is expected in the range of 15.8-16.2%, an increase from the previous guidance range of 11.8-12.2%.
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!
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Cummins Inc. (CMI - Free Report) is a leading designer, manufacturer and distributor of diesel and natural gas engines and engine-related component products.
Earnings
In the fourth-quarter, Cummins reported adjusted earnings of $3.03 per share, beating the Zacks Consensus Estimate of $2.65. The earnings per share in the year-ago quarter were $2.25.
Revenues
Cummins reported net revenue of $5.48 billion, higher than $4.5 billion recorded in the year-ago quarter. Also, the figure surpassed the Zacks Consensus Estimate of $5.2 billion.
Cummins Inc. Price and EPS Surprise
Estimate Trend & Surprise History
Investors should note that stock has witnessed an upward trend in the Zacks Consensus Estimate for the fourth-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 12.4%.
Key Stats/Developments to Note
For 2018, Cummins anticipates revenues to grow by 4-8%, compared to the prior guidance of 14-15% growth in revenues. EBIT is expected in the range of 15.8-16.2%, an increase from the previous guidance range of 11.8-12.2%.
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!
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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