Cummins (CMI) Stock Sinks As Market Gains: What You Should Know

Cummins (CMI) Stock Sinks As Market Gains: What You Should Know
This story originally appeared on Zacks

In the latest trading session, Cummins (CMI) closed at $218.10, marking a -0.67% move from the previous day. This move lagged the S&P 500’s daily gain of 0.96%. Elsewhere, the Dow gained 0.61%, while the tech-heavy Nasdaq lost 0.04%.

Cummins (CMI) Stock Sinks As Market Gains: What You Should Know – Zacks

Coming into today, shares of the engine maker had lost 7.08% in the past month. In that same time, the Auto-Tires-Trucks sector lost 3.1%, while the S&P 500 lost 0.21%.

Cummins will be looking to display strength as it nears its next earnings release. In that report, analysts expect Cummins to post earnings of $3.14 per share. This would mark a year-over-year decline of 6.55%. Our most recent consensus estimate is calling for quarterly revenue of $5.8 billion, down 0.47% from the year-ago period.

For the full year, our Zacks Consensus Estimates are projecting earnings of…

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