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 ...

Cummins’ (CMI) Accelera, PACCAR (PCAR) and Daimler Truck AG have chosen Marshall County, MS, as the future site for their joint venture's (JV’s) advanced battery cell manufacturing. The investment for the factory in Mississippi is estimated to be in the range of $2-$3 billion.The collaboration aims to localize battery cell production for commercial electric vehicles (EVs). It will foster economic growth, create over 2,000 manufacturing jobs in the United States and support the adoption of electric vehicles ...

In the latest market close, Cummins (CMI) reached $229.21, with a -1.71% movement compared to the previous day. The stock fell short of the S&P 500, which registered a gain of 1.23% for the day. Meanwhile, the Dow experienced a rise of 1.06%, and the technology-dominated Nasdaq saw an increase of 1.7%.Prior to today's trading, shares of the engine maker had lost 4.43% over the past month. This has was narrower than the Auto-Tires-Trucks sector's loss of 6.49% and lagged the S&P 500's gain of 0.94% in that t ...

Shares of diesel engine leader Cummins fell Friday after a downgrade to Sell. ...

2023 Guidance 1 2022 excludes $55 million of net cost related to the indefinite suspension of operations in Russia Distribution Segment - Joint Venture Sales Unconsolidated $1,500 Q3 2023 LTM Revenue $1,322 Third Quarter 2023 Earnings Teleconference November 2, 2023 CONTENTS Q3 2023 Summary 2023 Guidance 39 Power Systems Segment - Overview Q3 2023 LTM Results • Third quarter revenues of $8.4 billion Q3 2023 Supplemental Information Appendix 2 Disclosure Regarding Forward-Looking Statements Information provi ...

Cummins Inc. (NYSE:CMI) Q3 2023 Earnings Conference Call November 2, 2023 10:00 AM ET Company Participants Chris Clulow - Vice President, Investor Relations Jennifer Rumsey - Chair & Chief Executive Officer Mark Smith - Chief Financial Officer Conference Call Participants Jerry Revich - Goldman Sachs David Raso - Evercore Rob Wertheimer - Melius Research Tami Zakaria - JPMorgan Tim Thein - Citi Steven Fisher - UBS Noah Kaye - Oppenheimer Operator Greetings, and welcome to the Cummins Incorporated. Third Qua ...

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