Cummins Inc. (NYSE:CMI) is trading up 80.77% versus 12-month low of 77.20 and stands -5.13% lower from its 1-year peak of $147.10. In the last month the stock has moved in price -2.94%, with a one year change of 69.05%. The last trading session volume compares with the 1.58M average and market worth floats around 23.42B.
Cummins Inc. (NYSE:CMI) gained 1.56% to reach at the trading price of $139.56 as it is set to release its next quarterly earnings report on February 09, 2017. Cummins Inc. stock trades in the range of $137.70 to $140.06 before the earnings release. Let’s take a closer look at the current earnings forecast, particularly the things traders should pay close attention to. Earnings per share for the recently concluded quarter is expected to come in at $0 a share.
Cummins Inc. (CMI) Future Earnings & History
After upcoming fiscal quarter results, all eyes will be on the prospects for the next reporting quarter. Analysts, on average, forecast Cummins Inc. to earn $0 per share (EPS).
While if we look at the Earnings Track Record, Cummins Inc. (CMI) managed to surpass quarterly earnings per share estimates in 8 of the trailing twelve fiscal quarters, and has a positive trend with an average surprise of 66%. Last time the company reported, Cummins Inc. (CMI) generated $2.02 in earnings per share, beating the consensus estimate of $1.96. Revenues hit $4.19B in the September 2017 quarter, which was below the consensus $4.23B projection. On the other hand, in the June 2017 quarter the company recorded a net $4.53B revenue with earnings per share of $2.40. Wall Street had anticipated $4.5B and $2.16, respectively. For comparison, there was a revenue of $4.29B and EPS of $1.87 in the March 2016 period.
Cummins Inc. (NYSE:CMI) Analyst Insights
The buoyancy in the outlook of Cummins Inc. (CMI) is getting stronger by the somewhat positive sentiment that sell-side analysts have provided concerning it. Brokerage firms on the average advocate the company shares as Underperform. CLSA has been covering shares of CMI, so it is most recent view is worth a look. In a research note issued on Jan 09, 2017, analysts at Barclays lifted the stock to Equal Weight from Underweight. Another noteworthy analyst activity was recorded on Dec 01, 2016. Downgraded the stock to Outperform from Buy.