- Cummins 3Q net sales were $8.43 billion, which is a 15% increase from the previous year.
- The company’s net sales exceeded estimates of $8.18 billion.
- Total engine sales were reported at $2.93 billion, showing a 5.5% increase from the previous year.
- The estimate for engine sales was $2.86 billion, which was surpassed.
- Total components sales were $3.24 billion, a 20% increase year-over-year.
- Estimates for components sales were $3.12 billion, which were also exceeded.
- Total power systems sales were $1.44 billion, marking a 7% increase from the previous year.
- These sales slightly surpassed the estimate of $1.43 billion.
- Total distribution sales were $2.54 billion, which is a 13% increase year-over-year.
- The estimate for distribution sales was $2.56 billion, which was slightly missed.
- Earnings per share (EPS) were $4.59, compared to $2.82 the previous year.
- Ebitda was reported at $1.23 billion, a 39% increase from the previous year.
- The Ebitda surpassed its estimate of $1.22 billion.
- The company has received 9 buys, 13 holds, and 1 sell from analysts.
Cummins Inc on Smartkarma
Analysts at Smartkarma, an independent investment research network, have released two research reports on Cummins Inc. In the first report, “Cummins Inc.: High Demand”, Baptista Research noted that Cummins Inc. delivered mixed results in the quarter, with revenues above expectations but below-par earnings. Cummins’ organic sales growth rate was 12%, driven by increased pricing and strong end-market demand for its goods globally, with a balance of 19% rise in sales generated by including Meritor. The second report, “Cummins Inc.: What Is Their Core Business Strategy? – Key Drivers”, also from Baptista Research, highlighted that Cummins had a successful first quarter, marked by a 12% increase in organic revenue growth, as well as higher-than-anticipated quarterly earnings before interest, taxes, depreciation, and amortization, net income, and earnings per share. Both reports had a positive sentiment.
A look at Cummins Inc Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Cummins Inc. is an engine manufacturer that designs, manufactures, distributes and services diesel and natural gas engines, as well as electric power generation systems and engine-related component products. According to the Smartkarma Smart Scores, Cummins Inc. has a long-term outlook of Value 3, Dividend 3, Growth 4, Resilience 3, and Momentum 4. This indicates that Cummins Inc. is performing well in terms of growth and momentum, but there is room for improvement in terms of value and resilience.
Overall, Cummins Inc. has a solid long-term outlook and is performing well in terms of growth and momentum. The company will need to focus on improving its value and resilience in order to ensure a strong long-term outlook. With the right strategies in place, Cummins Inc. should be able to achieve its long-term goals.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
