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Cummins (CMI) Q1 Earnings & Revenues Surpass Estimates

Cummins Inc.CMI is a leading designer, manufacturer and distributor of diesel and natural gas engines and engine-related component products.

Earnings

In the first-quarter, Cummins reported adjusted earnings of $3.30 per share, beating the Zacks Consensus Estimate of $2.91.

Revenues

Cummins reported net revenue of $5.57 billion, higher than $4.59 billion recorded in the year-ago quarter. Also, the figure surpassed the Zacks Consensus Estimate of $5.17 billion.

Estimate Trend & Surprise History

Investors should note that stock has witnessed an upward trend in the Zacks Consensus Estimate for the first-quarter earnings over the last 30 days.

In the trailing four quarters, the company delivered earnings surprises thrice and missed once, leading to an average beat of around 13.1%.

Cummins Inc. Price and EPS Surprise

Cummins Inc. Price and EPS Surprise | Cummins Inc. Quote

Key Stats/Developments to Note

For 2018, Cummins anticipates revenues to grow 10-14% compared with the prior outlook 4-8% rise in revenues. EBIT is expected in the range of 15.4-15.8%, a decline from the previous projection of 15.8-16.2%.

Zacks Rank

Cummins holds a Zacks Rank #3 (Hold), but that could change following its earnings report which has just released. Meanwhile, you can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .

Check back later for our full write up on Cummins' earnings report!

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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