Cummins (CMI) came out with quarterly earnings of $5.10 per share, missing the Zacks Consensus Estimate of $5.11 per share. This compares to earnings of $5.55 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -0.20%. A quarter ago, it was expected that this engine maker would post earnings of $4.41 per share when it actually produced earnings of $4.14, delivering a surprise of -6.12%.Over the last four quarters, the company has ...

EXHIBIT 99 May 2, 2024 • First quarter revenues of $8.4 billion; GAAP Net Income of $2.0 billion • EBITDA in the first quarter was 30.6% of sales; Diluted EPS of $14.03 • First quarter results include a net gain of $1.3 billion, or $9.08 per diluted share, related to the separation of Atmus and $29 million, or $0.15 per diluted share, of restructuring expenses. • The company is raising its guidance for full year 2024 revenue and EBITDA after adjusting for the separation of Atmus. • Full year revenues are ex ...

Cummins Inc. (CMI) is slated to release first-quarter 2024 results on May 2, before market open. The Zacks Consensus Estimate for the to-be-reported quarter’s earnings per share (EPS) and revenues is pegged at $5.11 and $8.36 billion, respectively.For the first quarter, the consensus estimate for CMI’s EPS has moved up by a penny in the past 30 days. Its bottom-line estimates imply a decline of 7.93% from the year-ago reported number.The Zacks Consensus Estimate for its quarterly revenues suggests a year-ov ...

Wall Street expects a year-over-year decline in earnings on lower revenues when Cummins (CMI) reports results for the quarter ended March 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on May 2, 2024, might help the stock move higher if these key numbers are better than expectations. O ...

In the latest trading session, Cummins (CMI) closed at $292.70, marking a +0.79% move from the previous day. This change lagged the S&P 500's 1.2% gain on the day. On the other hand, the Dow registered a gain of 0.69%, and the technology-centric Nasdaq increased by 1.59%.Shares of the engine maker witnessed a gain of 0.92% over the previous month, beating the performance of the Auto-Tires-Trucks sector with its loss of 11.58% and the S&P 500's loss of 4.16%.Market participants will be closely following the ...

The road to net zero has pushed hydrogen into the spotlight as a clean energy solution. As an emerging player in the world economy’s road to decarbonization, the hydrogen market also offers potential for significant growth. While hydrogen extraction still has a long way to go before widespread use, that doesn’t mean no opportunities are on the horizon. So, it’s no surprise that investors are now eyeing hydrogen stocks to ride the potential wave. So, let’s look closer at the wider industry, focusing on devel ...

A semi truck traveling on a road. Darinburt/iStock via Getty Images In a majority of cases, buying quality dividend growth stocks when they are undervalued has a way of eventually paying off. Typically, the only question is how soon such a decision will pay off. Sometimes, it takes at least several years for sentiment toward a stock and the underlying business to improve and deliver alpha. Other times, it only takes months. The industrial heavyweight, Cummins (NYSE:CMI), is an example of the latter and th ...

Key PointsHigh short interest is fueling rallies in these stocks with upside to go. Analysts support these markets with growth or a pivot to growth expected in 2024. All provide value, yield, or both. 5 stocks we like better than Super Micro ComputerHigh short interest is a recipe for sharp stock price movements, and when the shorts are getting squeezed, the movements can be the sharpest. The stocks on this list are not only high-short interest stocks with upward price pressure; they are among the most shor ...

Cummins (NYSE: CMI) stock price has silently surged to a record high, joining other industrial giants like Emerson Electric, Rolls-Royce, and Illinois Tool Works. It has jumped for three straight weeks, reaching a record high of $295. It is up by 88% in the past five years and by 22% this year.Business is still growing Copy link to section Cummins is one of the biggest industrial giants in the United States. The company manufactures various products, including automated transmissions, axles and brakes, auto ...

The most recent trading session ended with Cummins (CMI) standing at $270.24, reflecting a +0.17% shift from the previouse trading day's closing. The stock outpaced the S&P 500's daily loss of 0.19%. Elsewhere, the Dow saw an upswing of 0.1%, while the tech-heavy Nasdaq depreciated by 0.54%.Prior to today's trading, shares of the engine maker had gained 6% over the past month. This has outpaced the Auto-Tires-Trucks sector's gain of 0.68% and the S&P 500's gain of 3.18% in that time.Analysts and investors a ...