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Yahoo Finance Plus Cummins: Q4 Earnings Insights
Shares of Cummins (NYSE:CMI) were flat in pre-market trading after the company reported Q4 results.
Quarterly Results
Earnings per share rose 31.25% over the past year to $3.36, which beat the estimate of $2.80.
Revenue of $5,830,000,000 rose by 4.52% year over year, which beat the estimate of $5,190,000,000.
Guidance
Earnings guidance hasn't been issued by the company for now.
Revenue guidance hasn't been issued by the company for now.
Conference Call Details
Date: Feb 04, 2021
Time: 10:00 AM
ET Webcast URL: https://78449.themediaframe.com/dataconf/productusers/cms/mediaframe/42532/indexl.html
Price Action
Company's 52-week high was at $254.13
52-week low: $101.03
Price action over last quarter: Up 10.28%
Company Overview
Cummins is a leading manufacturer of diesel engines used in commercial trucks, off-highway equipment, and railroad locomotives, along with diesel-powered electric generators. The firm's revenue historically has been tied to the class 8 truck market, where, as the industry leader, it currently supplies 35% of engines. Cummins is in the unique position of competing with its primary customers, heavy-duty truck manufacturers who make and aggressively market their own engines. Despite robust competition across all its segments and ever-increasing government regulation of diesel emissions in the past three decades, Cummins has been able to grow its revenue sevenfold, to $23.6 billion in 2019. Cummins is headquartered in Columbus, Indiana, where it was founded in 1919.
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