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- ...

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 ...

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) 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 ...

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 ...

Wall Street analysts forecast that Cummins (CMI) will report quarterly earnings of $4.89 per share in its upcoming release, pointing to a year-over-year increase of 3.4%. It is anticipated that revenues will amount to $8.28 billion, exhibiting a decline of 1.8% compared to the year-ago quarter.Over the last 30 days, there has been an upward revision of 1.1% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their i ...

Wall Street expects a year-over-year increase in earnings on lower revenues when Cummins (CMI) reports results for the quarter ended September 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 stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on November 5. On ...

NEW YORK, Oct. 22, 2024 (GLOBE NEWSWIRE) -- Attorney Advertising--Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against Cummins Inc. (“Cummins” or “the Company”) (NYSE: CMI) and certain of its officers. Class Definition This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired Cummins securities b ...

Collaboration will achieve EPA27 Phase 3 Emissions Standards compliance.INDIANAPOLIS, Oct. 21, 2024 /PRNewswire/ -- Allison Transmission is pleased to announce an uprate to its proven B400 and B3400 xFE fully automatic transmissions, including retarder models. The increased ratings will ensure Allison continues to offer unrivaled total economic value to bus fleets across North America. The uprated transmission models will now support ratings up to 350 horsepower and 1,150 ft. lbs. of torque. This increase i ...

Company Overview - Cummins (CMI) is headquartered in Columbus and operates in the Auto-Tires-Trucks sector, experiencing a price change of 40.05% year-to-date [2] - The company currently pays a dividend of $1.82 per share, resulting in a dividend yield of 2.17%, which is higher than the Automotive - Internal Combustion Engines industry's yield of 1.08% and the S&P 500's yield of 1.51% [2] Dividend Performance - Cummins has increased its annualized dividend to $7.28, marking a 12% increase from the previous year [2] - Over the past five years, the company has raised its dividend four times, achieving an average annual increase of 7.11% [2] - The current payout ratio for Cummins is 35%, indicating that the company distributes 35% of its trailing 12-month earnings per share as dividends [2] Earnings Growth - The Zacks Consensus Estimate for Cummins' earnings per share in 2024 is $19.96, reflecting a year-over-year growth rate of 1.37% [3] Investment Considerations - Dividends are favored by investors for various reasons, including improving stock investing profits and providing tax advantages [4] - Established firms with secure profits are typically viewed as the best dividend options, while high-growth businesses and tech start-ups rarely offer dividends [4] - Cummins is identified as a compelling investment opportunity due to its strong dividend profile and current Zacks Rank of 3 (Hold) [4]