We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Surging Earnings Estimates Signal Good News for Cummins (CMI)
Read MoreHide Full Article
Cummins, Inc. (CMI - Free Report) is a leading manufacturer and distributer of diesel and natural gas engines that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on CMI’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Cummins could be a solid choice for investors.
Current Quarter Estimates for CMI
In the past 30 days, eight estimates have gone higher for Cummins while one has gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from $2.24 a share 30 days ago, to $2.53 today, a move of 12.9%.
Current Year Estimates for CMI
Meanwhile, Cummins’s current year figures are also looking quite promising, with 11 estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing from $8.11 per share 30 days ago to $9.27 per share today, an increase of 14.3%.
The stock has also started to move higher lately, adding 8.6% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #1 (Strong Buy) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank stocks here.
5 Trades Could Profit "Big-League" from Trump Policies
If the stocks above spark your interest, wait until you look into companies primed to make substantial gains from Washington's changing course.
Today Zacks reveals 5 tickers that could benefit from new trends like streamlined drug approvals, tariffs, lower taxes, higher interest rates, and spending surges in defense and infrastructure. See these buy recommendations now >>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Surging Earnings Estimates Signal Good News for Cummins (CMI)
Cummins, Inc. (CMI - Free Report) is a leading manufacturer and distributer of diesel and natural gas engines that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on CMI’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Cummins could be a solid choice for investors.
Current Quarter Estimates for CMI
In the past 30 days, eight estimates have gone higher for Cummins while one has gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from $2.24 a share 30 days ago, to $2.53 today, a move of 12.9%.
Current Year Estimates for CMI
Meanwhile, Cummins’s current year figures are also looking quite promising, with 11 estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing from $8.11 per share 30 days ago to $9.27 per share today, an increase of 14.3%.
Cummins Inc. Price and Consensus
Cummins Inc. Price and Consensus | Cummins Inc. Quote
Bottom Line
The stock has also started to move higher lately, adding 8.6% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #1 (Strong Buy) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank stocks here.
5 Trades Could Profit "Big-League" from Trump Policies
If the stocks above spark your interest, wait until you look into companies primed to make substantial gains from Washington's changing course.
Today Zacks reveals 5 tickers that could benefit from new trends like streamlined drug approvals, tariffs, lower taxes, higher interest rates, and spending surges in defense and infrastructure. See these buy recommendations now >>