Cummins Reports Fourth Quarter and Full Year 2023 Results
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 9/4/2026
- S&P 500, Dow set for lower open after jobs report fuels rate-hike bets
- US nonfarm payrolls surge in August; unemployment rate steady at 4.1%
- BofA's Hartnett says stay long commodities and gold as 'policy panic' works
- Oil heads for weekly gain as US-Iran fighting resumes; diesel hits record high
- TikTok owner ByteDance said to secure $29.6bn loan for AI push
- After-Hours Movers: LULU, IOT, PATH, DOCU, ASAN, GWRE, ZS, PL, SWBI, OXM
- After-Hours Movers: AVGO, SNOW, HPE, NTAP, NTSK, CHPT, FIVE, TLYS, PVH, RARE
- After-Hours Movers: DELL, PANW, GTLB, CRDO, MDB, HPE, SMCI
- After-Hours Movers: WDAY, ADSK, S, RBRK, MRVL, ULTA, GAP, AFRM
- After-Hours Movers: NVDA, CRM, SNPS, CRWD, OKTA, NTNX
TD Cowen on Cummins (CMI): 'Stock could see mild pressure'
February 6, 2024 9:38 AM ESTTD Cowen analyst Matt Elkott reiterated an Outperform rating and $260.00 price target on Cummins (NYSE: CMI).
The analyst comments "CMI beat our and consensus expectations for revenue and EBITDA but missed EPS. The company guided for FY24 revenue to decline 3.5% at the... More
UBS Expects 'Muted' Investor Reaction to Cummins (CMI) Earnings Report
February 6, 2024 9:37 AM ESTUBS analyst Steven Fisher reiterated a Neutral rating and $235.00 price target on Cummins (NYSE: CMI).
The analyst comments "We think investors will have a muted response to CMIs Q4 results and outlook. The quarter included several charges, but excluding the one... More
Evercore ISI Remains Sidelined on Cummins (CMI)
February 6, 2024 9:34 AM ESTEvercore ISI analyst David Raso reiterated an In Line rating and {REMOVEPT} price target on Cummins (NYSE: CMI).
The analyst comments "Stock Reaction Negative, Mgmt Needs To Do More On Margins: Stock trading at ~13.5x implied 24 EPS; given base case 25 returns to... More
Cummins (CMI) Misses Q4 EPS by 31c, Revenue Beats
February 6, 2024 7:33 AM ESTCummins (NYSE: CMI) reported Q4 EPS of $4.14, $0.31 worse than the analyst estimate of $4.45. Revenue for the quarter came in at $8.5 billion versus the consensus estimate of $8.1 billion.
2024 Outlook:
Based on its current forecast, Cummins projects full year 2024 revenues to decline 2% to 5% on a year-over-year basis, and EBITDA to be in the range of 14.4% and 15.4% of sales.
In 2024, we anticipate that demand will slow particularly in the... More
