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How Cummins (CMI) Stock Stands Out in a Strong Industry
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One stock that might be an intriguing choice for investors right now is Cummins, Inc. (CMI - Free Report) . This is because this security in the Automotive - Internal Combustion Engines space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.
This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in the Automotive - Internal Combustion Engines space as it currently has a Zacks Industry Rank of 23 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.
Meanwhile, Cummins is actually looking pretty good on its own too. The firm has seen solid earnings estimate revision activity over the past month, suggesting analysts are becoming a bit more bullish on the firm’s prospects in both the short and long term.
In fact, over the past month, current quarter estimates have risen from $2.24 per share to $2.53 per share, while current year estimates have risen from $8.11 per share to $9.13 per share. This has helped CMI to earn a Zacks Rank #1 (Strong Buy), further underscoring the company’s solid position.You can see the complete list of today’s Zacks #1 Rank stocks here.
So, if you are looking for a decent pick in a strong industry, consider Cummins. Not only is its industry currently in the top third, but it is seeing solid estimate revisions as of late, suggesting it could be a very interesting choice for investors seeking a name in this great industry segment.
The Best & Worst of Zacks
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How Cummins (CMI) Stock Stands Out in a Strong Industry
One stock that might be an intriguing choice for investors right now is Cummins, Inc. (CMI - Free Report) . This is because this security in the Automotive - Internal Combustion Engines space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.
This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in the Automotive - Internal Combustion Engines space as it currently has a Zacks Industry Rank of 23 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.
Meanwhile, Cummins is actually looking pretty good on its own too. The firm has seen solid earnings estimate revision activity over the past month, suggesting analysts are becoming a bit more bullish on the firm’s prospects in both the short and long term.
Cummins Inc. Price and Consensus
Cummins Inc. Price and Consensus | Cummins Inc. Quote
In fact, over the past month, current quarter estimates have risen from $2.24 per share to $2.53 per share, while current year estimates have risen from $8.11 per share to $9.13 per share. This has helped CMI to earn a Zacks Rank #1 (Strong Buy), further underscoring the company’s solid position.You can see the complete list of today’s Zacks #1 Rank stocks here.
So, if you are looking for a decent pick in a strong industry, consider Cummins. Not only is its industry currently in the top third, but it is seeing solid estimate revisions as of late, suggesting it could be a very interesting choice for investors seeking a name in this great industry segment.
The Best & Worst of Zacks
Today you are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buys" free of charge. From 1988 through 2015 this list has averaged a stellar gain of +25% per year. Plus, you may download 220 Zacks Rank #5 "Strong Sells." Even though this list holds many stocks that seem to be solid, it has historically performed 6X worse than the market. See these critical buys and sells free >>