Cummins Inc. is preparing for a challenging earnings report with expectations of a 12.1% year-over-year decline as it nears the release of its first-quarter 2022 results on May 3. Analysts forecast earnings of $3.55 per share, but the Zacks Consensus Estimate has been revised downward by 7 cents, while revenues are projected at $6.03 billion, marking a slight decline. Despite a recent tough quarter defined by weaker contributions across most segments, Cummins has historically beaten earnings estimates twice in the past year, although its stock has recently faced a 7.01% decline.
“Cummins · has an Earnings ESP · 2.22% · positive”
“Cummins · is scheduled to release results on · May 3 · first-quarter 2022”
“Cummins (CMI) · closed · most recent trading day · $194.48”
“Cummins (CMI) · moved · previous trading session · -0.2%”
“Cummins (CMI) · lost · past month · 7.01%”
“Cummins (CMI) · next earnings report date · May 3, 2022”
“Cummins (CMI) · current valuation metrics · Forward P/E ratio · 11.19”
“Cummins (CMI) · trading at a premium · comparatively”
“Cummins Inc. CMI · is slated to release · first-quarter 2022 results · on May 3, before the opening bell”
“The Zacks Consensus Estimate for Cummins’ first-quarter earnings · is pegged at · $3.55 per share”
“The Zacks Consensus Estimate for Cummins’ first-quarter revenues · is pegged at · $6.03 billion”
“The Zacks Consensus Estimate for Cummins’ first-quarter earnings per share · has been revised · downward by 7 cents · in the past 30 days”