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Why Cummins (CMI) is a Top Momentum Stock for the Long-Term
ZACKS· 2024-11-18 15:50
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.Zacks Premium includes access to the Zacks Style Scores a ...
Cummins Inc. Investors: Please contact the Portnoy Law Firm to recover your losses. December 2, 2024 Deadline to file Lead Plaintiff Motion
GlobeNewswire News Room· 2024-11-14 23:15
Investors can contact the law firm at no cost to learn more about recovering their losses LOS ANGELES, Nov. 14, 2024 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Cummins Inc. ("Cummins" or the "Company") (NYSE: CMI) investors of a class action representing investors that bought securities between April 30, 2019 to December 21, 2023, inclusive (the "Class Period"). Cummins investors have until December 2, 2024 to file a lead plaintiff motion. Investors are encouraged to contact attorney Lesley F. Portnoy ...
Post-Election Manufacturing Boom: 3 Stocks Analysts Are Eyeing
MarketBeat· 2024-11-11 14:11
Price action in the stock market is usually one of the best signs of what’s about to come, and all price action is driven by volume. With these two fundamental factors at play, investors can safely assume that a lot of attention was headed to those in the industrial and manufacturing sectors after the United States presidential election results. Investors can directly point to the Industrial Select Sector SPDR Fund NYSEARCA: XLI and its 6.2% rally over the past week for confirmation. These are supposed to b ...
Cummins(CMI) - 2024 Q3 - Quarterly Report
2024-11-05 19:37
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended September 30, 2024 Commission File Number 1-4949 CUMMINS INC. (Exact name of registrant as specified in its charter) Indiana 35-0257090 (State of Incorporation) (IRS Employer Identification No.) 500 Jackson Street Box 3005 Columbus, Indiana 47202-3005 (Address of principal executive offices) ...
Cummins(CMI) - 2024 Q3 - Earnings Call Transcript
2024-11-05 19:24
Cummins Inc. (NYSE:CMI) Q3 2024 Earnings Conference Call November 5, 2024 10:00 AM ET Company Participants Chris Clulow - VP, IR Jennifer Rumsey - Chair and CEO Mark Smith - CFO Conference Call Participants Steven Fisher - UBS Angel Castillo - Morgan Stanley Kyle Menges - Citi Jerry Revich - Goldman Sachs Jamie Cook - Truist Securities Tami Zakaria - JPMorgan Rob Wertheimer - Melius Research David Raso - Evercore Noah Kaye - Oppenheimer & Co. Tim Thein - Raymond James Operator Greetings and welcome to the Q ...
Cummins Q3 Earnings Surpass Expectations, Revenues Rise Y/Y
ZACKS· 2024-11-05 17:50
Cummins Inc. (CMI) reported third-quarter 2024 earnings of $5.60 per share, which increased from $4.73 recorded in the corresponding quarter of 2023. The bottom line also surpassed the Zacks Consensus Estimate of $4.89 per share. The outperformance was driven by higher-than-expected revenues from the Power Systems and Distribution segments. Cummins’ revenues totaled $8.46 billion, up from $8.43 billion recorded in the year-ago quarter. The top line beat the Zacks Consensus Estimate of $8.28 billion.Stay up- ...
Cummins (CMI) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
ZACKS· 2024-11-05 15:36
For the quarter ended September 2024, Cummins (CMI) reported revenue of $8.46 billion, up 0.3% over the same period last year. EPS came in at $5.60, compared to $4.73 in the year-ago quarter.The reported revenue represents a surprise of +2.18% over the Zacks Consensus Estimate of $8.28 billion. With the consensus EPS estimate being $4.89, the EPS surprise was +14.52%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expect ...
Cummins(CMI) - 2024 Q3 - Earnings Call Presentation
2024-11-05 14:48
Third Quarter 2024 Earnings Teleconference November 5th, 2024 CONTENTS Q3 2024 Summary 2024 Guidance Q3 2024 Supplemental Information Appendix 2 Disclosure Regarding Forward-Looking Statements Information provided in this presentation that is not purely historical are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding our forecasts, guidance, preliminary results, expectations, hopes, beliefs and intentions on strategies regar ...
Cummins (CMI) Q3 Earnings and Revenues Beat Estimates
ZACKS· 2024-11-05 14:41
Cummins (CMI) came out with quarterly earnings of $5.60 per share, beating the Zacks Consensus Estimate of $4.89 per share. This compares to earnings of $4.73 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 14.52%. A quarter ago, it was expected that this engine maker would post earnings of $4.85 per share when it actually produced earnings of $5.26, delivering a surprise of 8.45%.Over the last four quarters, the company has s ...
Cummins(CMI) - 2024 Q3 - Quarterly Results
2024-11-05 12:38
EXHIBIT 99 News Release November 5, 2024 Cummins Reports Strong Third Quarter 2024 Results • Third quarter revenues of $8.5 billion; GAAP Net Income of $809 million, or 9.6% of sales • EBITDA in the third quarter was 16.4% of sales; Diluted EPS of $5.86 • The company is maintaining its full year 2024 revenue guidance of down 3% to flat. • EBITDA is now expected to be approximately 15.5% compared to previous guidance of 15.0% to 15.5%. 1 COLUMBUS, IND. - Cummins Inc. (NYSE: CMI) today reported results for th ...