Earnings Forecast Research on Cummins Inc. (CMI)

Cummins Inc. has received $2.02 as the consensus Earnings Estimate for the Quarter ending on Dec 2016 ,According to the estimate provided by 8 Financial Advisor in the Stock Trading Firms. Among 8 Analysts, Bottom line EPS Estimate for the current quarter is $1.92 while the top line estimate is $2.1 , a key information to consider for Day Trading and investing in stocks. The EPS growth rate is projected at -3.35%.

Cummins Inc. reported better than expected with a surprise EPS of 4.66% or $0.09 during its most recent quarterly earnings. The Actual EPS was $2.02 compared to the Estimated EPS of $1.93. Columbus based Cummins Inc. Last reported the Quarter results on Dec 31, 2016 and the Next earnings date is scheduled to be released on Feb 09, 2017.

In the last quarter, Cummins Inc. reported Annual Earnings of $2.02. Based on the filings, last years Annual Earnings was, $9.14. In the last Quarter, CMI reported a surprise Earnings per Share of 4.66% . The consensus estimate for current quarter is $2.02 and for the current fiscal year, the estimate is $8.34. For the Next fiscal year, the estimate is $7.94 based on the consensus.

Cummins Inc. (NYSE:CMI) witnessed a volatile trading activity on Tuesday and eventually ended flat at 0% or 0 points without letting the bulls or bears take much advantage. The trading began at $146 and reached the intraday high at $147.25. The bulls started the profit booking and pushed the shares to intraday low of $144.25. The trading session was marked by a volume range of 1,981,809 shares exchanging hands. The 52-week high of the shares is $150.35 and the 52-week low is $86.83. The market cap of the company stands at $24,738 million and there are 168,275,120 shares in public circulation.

Cummins Inc. is one of the leading worldwide designers and manufacturers of diesel engines. The company also produces natural gas engines and engine components and subsystems. Cummins provides power and components for a wide variety of equipment in its key businesses: engine, power generation, and filtration.

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