Why Cummins Stock Jumped on Tuesday
Shrugging off Monday weakness, Cummins (NYSE: CMI) stock rebounded this morning and was trading 4.7% higher as of noon ET Tuesday.
The industrial giant posted fourth-quarter and full-year earnings results today. While revenue beat analysts' estimates, its earnings fell short of expectations. Worse yet, Cummins expects its revenue to decline in 2025. Yet something about its outlook has caught investors' attention.
Cummins' revenue fell 1% year over year to $8.4 billion in the fourth quarter. Yet, the company's bottom line swung sharply to a net profit of $418 million from a loss of $1.4 billion in the year-ago quarter. Of course, Q4 2023 was an exceptionally challenging quarter as Cummins paid a hefty fine to settle a $2 billion lawsuit for installing illegal devices that bypassed emissions tests.
Source Fool.com
Cummins Inc. Aktie
Leichtes Buy-Übergewicht bei Cummins Inc. mit 15 Buy- gegenüber 3 Sell-Einschätzungen.
Eine erhebliche Steigerung um mehr als 20% ist für Cummins Inc. mit einem Kursziel von 354 € im Vergleich zum aktuellen Kurs von 282.4 € zu erwarten.
