Cummins Earnings Preview: Can This Streak Continue?
Cummins (NYSE:CMI) will report earnings before markets open on Tuesday, April 30th. Cummins Inc. designs, manufactures, distributes and services diesel and natural gas engines. The Company also manufactures electric power generation systems and engine-related component products, including filtration and exhaust aftertreatment, fuel systems, controls, and air handling systems.
Here is your Cheat Sheet to Cummins Earnings:
Earnings Expectations: Analysts expect earnings of $1.86 per share on revenues of $3.98 billion. Currently, the company’s P/E ratio stands at 12.40.
Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $2.27 to a profit $2.15. For the current year, the average estimate is a profit of $8.77, which is worse than the estimate ninety days ago.
Here’s how Cummins has been performing on an annual basis:
|Revenue ($) in millions||14,340||10,800||13,230||18,050||17,330|
|Diluted EPS ($)||3.84||2.16||5.28||9.55||8.67|
Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:
|Quarter||Dec. 31, 2011||Mar. 31, 2012||Jun. 30, 2012||Sep. 30, 2012||Dec. 31, 2012|
|Revenue ($) in millions||4,921||4,472||4,452||4,118||4,292|
|Diluted EPS ($)||2.866||2.38||2.47||1.86||1.956|
Cummins has beat analyst estimates 4 times in the past four quarters. Shareholders could expect a boost if the company beats estimates.
“E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our successful CHEAT SHEET investing framework. Don’t waste another minute – click here to discover our CHEAT SHEET stock picks now!
(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)