Financial data for the Engine segment was as follows: | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |---------------------------------------------------------|-------|--------------|-------|-------------------------|-------|-------|--------|-------|-----------------|--------------------------------------------------|-------|-----------------|----------------------| | In millions | | Years \n2023 | | ended December \n2022 | 31, | | 2021 | | 2023 \nAmount | Favorable/(U ...

Cummins Inc. (NYSE:CMI) Q4 2023 Earnings Conference Call February 6, 2024 10:00 AM ET Company Participants Chris Clulow - VP, IR Jennifer Rumsey - Chairman & CEO Mark Smith - CFO Conference Call Participants Jerry Revich - Goldman Sachs Tim Thein - Citigroup David Raso - Evercore Angel Castillo - Morgan Stanley Rob Wertheimer - Melius Research Tami Zakaria - JPMorgan Noah Kaye - Oppenheimer Michael Feniger - Bank of America Operator Greetings, and welcome to Cummins Inc. Third Quarter 2023 Earnings Conferen ...

Cummins Inc. (CMI) reported fourth-quarter 2023 earnings of $4.14 per share, which declined from $4.52 per share recorded in the corresponding quarter of 2022. The bottom line also missed the Zacks Consensus Estimate of $4.41 per share. Cummins’ revenues totaled $8.54 billion, up from $7.77 billion recorded in the year-ago quarter. The top line also beat the Zacks Consensus Estimate of $8.08 billion.Key TakeawaysIn the reported quarter, sales in the Engine segment were up 5% year over year to $2.8 billion. ...

Cummins (CMI) reported $8.54 billion in revenue for the quarter ended December 2023, representing a year-over-year increase of 10%. EPS of $4.14 for the same period compares to $4.52 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $8.08 billion, representing a surprise of +5.79%. The company delivered an EPS surprise of -6.12%, with the consensus EPS estimate being $4.41.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how th ...

Cummins (CMI) came out with quarterly earnings of $4.14 per share, missing the Zacks Consensus Estimate of $4.41 per share. This compares to earnings of $4.52 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -6.12%. A quarter ago, it was expected that this engine maker would post earnings of $4.63 per share when it actually produced earnings of $4.73, delivering a surprise of 2.16%.Over the last four quarters, the company has s ...

Engine Segment Selected Financial Data 23 24 25 26 1 "NM" - not meaningful information | --- | --- | --- | |-----------------|-------|-------| | $ MILLIONS | 2023 | 2022 | | Components | 97 | 71 | | Engine1 | 251 | 191 | | Distribution | 97 | 77 | | Power Systems | 53 | 43 | | Accelera | (15) | (2) | | Total JV Income | 483 | 380 | Joint Venture Income - Quarter Cash Flow - Quarter 30 32 • Disciplined investment for growth 2023 Revenue by Segment Cummins Inc. • Capitalizing on global emissions regulations 2 ...

Cummins Inc. (CMI) is slated to release fourth-quarter 2023 results on Feb 6 before market open. The Zacks Consensus Estimate for the to-be-reported quarter’s earnings per share and revenues is pegged at $4.41 and $8.08 billion, respectively.For the fourth quarter, the consensus estimate for CMI’s earnings per share has moved down by a penny in the past 30 days. Its bottom-line estimates imply a decline of 2.43% from the year-ago reported number.The Zacks Consensus Estimate for its quarterly revenues sugges ...

In the latest trading session, Cummins (CMI) closed at $242.97, marking a +1.53% move from the previous day. The stock exceeded the S&P 500, which registered a gain of 1.25% for the day. Meanwhile, the Dow experienced a rise of 0.97%, and the technology-dominated Nasdaq saw an increase of 1.3%.Shares of the engine maker witnessed a gain of 0.66% over the previous month, beating the performance of the Auto-Tires-Trucks sector with its loss of 11.14% and underperforming the S&P 500's gain of 1.58%.The investm ...

The upcoming report from Cummins (CMI) is expected to reveal quarterly earnings of $4.41 per share, indicating a decline of 2.4% compared to the year-ago period. Analysts forecast revenues of $8.08 billion, representing an increase of 3.9% year over year.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 2.6% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Before a company announ ...

Cummins (CMI) closed at $240.63 in the latest trading session, marking a +0.75% move from the prior day. The stock's change was more than the S&P 500's daily loss of 0.07%. On the other hand, the Dow registered a gain of 0.16%, and the technology-centric Nasdaq decreased by 0.36%.Heading into today, shares of the engine maker had lost 0.72% over the past month, outpacing the Auto-Tires-Trucks sector's loss of 12.12% and lagging the S&P 500's gain of 3.05% in that time.Market participants will be closely fol ...