Cummins Q1 2024 Adj EPS $5.10 Misses $5.13 Estimate, Sales $8.403B Miss $8.449B Estimate
Portfolio Pulse from Benzinga Newsdesk
Cummins Inc. (CMI) reported Q1 2024 adjusted EPS of $5.10, missing the $5.13 estimate, and sales of $8.403B, below the $8.449B estimate. This represents a 0.59% decrease in sales compared to the same period last year.
May 02, 2024 | 11:31 am
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NEGATIVE IMPACT
Cummins Inc. reported lower-than-expected Q1 2024 earnings and sales, missing estimates slightly.
Cummins Inc.'s miss on both earnings per share and sales estimates, albeit by narrow margins, could lead to negative investor sentiment in the short term. The slight decrease in sales compared to the previous year further compounds concerns about the company's growth trajectory.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100