Cummins Q2 Earnings Preview: Revenue Growth Expected to Reverse Year-Ago Decline

Earnings
โดย Yahoo Finance·Read original
Summary · why it matters

Cummins is set to report second-quarter earnings before the market opens on Tuesday. Analysts expect revenue to grow 7.7% year on year, a reversal from the 1.7% decline recorded in the same quarter last year. The company beat revenue expectations last quarter, reporting $8.40 billion, up 2.7% year on year, with beats on EBITDA and EPS estimates. Analysts have generally reconfirmed their estimates over the last 30 days, and Cummins has a history of exceeding Wall Street expectations. Peers in the heavy transportation equipment segment have already reported mixed results, with Wabash revenues down 9.1% year on year but beating estimates by 3.6%, and Oshkosh revenues up 6.7%, topping estimates by 3.3%. Cummins shares are down 6.4% over the last month, heading into earnings with an average analyst price target of $754.86 compared to the current share price of $634.90.

Impact on stocks 4

Energy Transition & Power Demand · 1 stocks
Cummins Inc
CMI
± MixedCapitalrelevance

Earnings preview with expected revenue growth and history of beats, but no actual results yet.

Defense & Geopolitical Fragmentation · 1 stocks
Oshkosh Corporation
OSK
± MixedCapitalrelevance

Peer Oshkosh reported revenue up 6.7% beating estimates, but impact on Cummins is indirect.

Industrials · 1 stocks
Consumer Discretionary · 1 stocks