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Here's What Analysts Are Forecasting For Cummins Inc. After Its Annual Results [Yahoo! Finance News]

Cummins Inc. (CMI) 
Last cummins inc. earnings: 4/28 07:30 am Check Earnings Report
Last week saw the newest full-year earnings release from Cummins Inc. NYSE:CMI See our latest analysis for Cummins Following the recent earnings report, the consensus from22 analysts covering Cummins expects revenues of US$21.2b in 2020, implying a considerable 10.0% decline in sales compared to the last 12 months. Statutory earnings per share are expected to drop 18% to US$11.95 in the same period. Before this earnings report, analysts had been forecasting revenues of US$21.6b and earnings per share EPS) of US$12.93 in 2020. Analysts seem to have become a little more negative on the business after the latest results, given the small dip in their earnings per share forecasts for next year. It might be a surprise to learn that the consensus price target was broadly unchanged at US$181, with analysts clearly implying that the forecast decline in earnings is not expected to have much of an impact on valuation. It could also be instructive to look at the range of analyst estimates, to eva Show less Read more
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