Cummins Future Growth

Future criteria checks 2/6

Cummins is forecast to grow earnings and revenue by 11.1% and 2.8% per annum respectively. EPS is expected to grow by 12.5% per annum. Return on equity is forecast to be 25.4% in 3 years.

Key information

11.1%

Earnings growth rate

12.5%

EPS growth rate

Machinery earnings growth	9.7%
Revenue growth rate	2.8%
Future return on equity	25.4%
Analyst coverage	Good
Last updated	20 May 2024

Recent future growth updates

Recent updates

Cummins (NYSE:CMI) Has Announced That It Will Be Increasing Its Dividend To $1.68

Jul 31

Cummins: Forget The AI-Rally, Buy The Heat Rally

Jul 20

Cummins (NYSE:CMI) Is Paying Out A Larger Dividend Than Last Year

Jul 15

Cummins: Still Cheaply Priced

Jul 12

A Look At The Intrinsic Value Of Cummins Inc. (NYSE:CMI)

Jun 27

Cummins: Powering Its Engines

Jun 19

Recession? Tailwinds? How Attractive Is Cummins' 3% Yield?

Jun 08

These 4 Measures Indicate That Cummins (NYSE:CMI) Is Using Debt Reasonably Well

Jun 05

Here's Why Cummins (NYSE:CMI) Has Caught The Eye Of Investors

May 25

At US$233, Is It Time To Put Cummins Inc. (NYSE:CMI) On Your Watch List?

Apr 24

Cummins (NYSE:CMI) Hasn't Managed To Accelerate Its Returns

Apr 11

Estimating The Intrinsic Value Of Cummins Inc. (NYSE:CMI)

Mar 05

Cummins declares $1.57 dividend

Feb 14

Cummins (NYSE:CMI) Seems To Use Debt Quite Sensibly

Feb 13

Cummins Q4 2022 Earnings Preview

Feb 03

Cummins: Why The Stock Could Fall 20% From Here

Jan 24

Earnings and Revenue Growth Forecasts

NYSE:CMI - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	36,880	3,362	2,670	3,888	10
12/31/2025	34,689	2,973	2,462	3,723	20
12/31/2024	32,858	3,796	2,774	2,920	19
3/31/2024	34,015	1,938	2,558	3,747	N/A
12/31/2023	34,065	735	2,753	3,966	N/A
9/30/2023	33,292	2,797	2,167	3,324	N/A
6/30/2023	32,194	2,541	1,098	2,177	N/A
3/31/2023	30,142	2,523	1,288	2,293	N/A
12/31/2022	28,074	2,151	1,046	1,962	N/A
9/30/2022	26,154	1,914	1,088	1,877	N/A
6/30/2022	24,789	2,048	1,313	2,064	N/A
3/31/2022	24,314	1,946	1,341	2,081	N/A
12/31/2021	24,021	2,131	1,522	2,256	N/A
10/3/2021	24,001	2,238	1,994	2,666	N/A
7/4/2021	23,151	2,205	2,684	3,320	N/A
4/4/2021	20,892	1,881	2,092	2,682	N/A
12/31/2020	19,811	1,789	2,194	2,722	N/A
9/27/2020	19,559	1,588	1,787	2,418	N/A
6/28/2020	20,209	1,709	1,646	2,318	N/A
3/29/2020	22,578	2,108	2,419	3,148	N/A
12/31/2019	23,571	2,260	2,406	3,181	N/A
9/29/2019	24,119	2,539	2,520	3,333	N/A
6/30/2019	24,294	2,609	2,286	3,125	N/A
3/31/2019	24,205	2,479	2,081	2,907	N/A
12/31/2018	23,771	2,141	1,594	2,378	N/A
9/30/2018	23,121	1,288	1,532	2,194	N/A
7/1/2018	22,463	1,049	1,338	1,924	N/A
4/1/2018	21,409	928	1,215	1,781	N/A
12/31/2017	20,428	999	N/A	2,277	N/A
10/1/2017	19,455	1,651	N/A	2,096	N/A
7/2/2017	18,357	1,487	N/A	2,027	N/A
4/2/2017	17,807	1,469	N/A	2,051	N/A
12/31/2016	17,509	1,394	N/A	1,939	N/A
10/2/2016	17,772	1,177	N/A	2,242	N/A
7/3/2016	18,205	1,268	N/A	2,228	N/A
4/3/2016	18,692	1,333	N/A	2,153	N/A
12/31/2015	19,110	1,399	N/A	2,065	N/A
9/27/2015	19,434	1,682	N/A	2,009	N/A
6/28/2015	19,704	1,725	N/A	2,134	N/A
3/29/2015	19,524	1,700	N/A	2,176	N/A
12/31/2014	19,221	1,651	N/A	2,266	N/A
9/28/2014	18,719	1,639	N/A	2,144	N/A
6/29/2014	18,095	1,571	N/A	1,830	N/A
3/30/2014	17,785	1,539	N/A	1,924	N/A
12/31/2013	17,301	1,483	N/A	2,089	N/A
9/29/2013	17,005	1,420	N/A	2,078	N/A
6/30/2013	16,857	1,417	N/A	2,095	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: CMI's forecast earnings growth (11.1% per year) is above the savings rate (2.4%).

Earnings vs Market: CMI's earnings (11.1% per year) are forecast to grow slower than the US market (14.6% per year).

High Growth Earnings: CMI's earnings are forecast to grow, but not significantly.

Revenue vs Market: CMI's revenue (2.8% per year) is forecast to grow slower than the US market (8.4% per year).

High Growth Revenue: CMI's revenue (2.8% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: CMI's Return on Equity is forecast to be high in 3 years time (25.4%)

Cummins Future Growth

Future criteria checks 2/6

Key information

Recent future growth updates

Consensus EPS estimates increase by 17%

Cummins Inc. Provides Earnings Guidance for 2024

Cummins Inc. Provides Earnings Guidance for the Year 2024

Cummins Inc. Raises Earnings Guidance for the Full Year 2023

Cummins Inc. Reaffirms Revenue Guidance for Full Year 2023

Cummins Inc. Provides Earnings Guidance for the Full Year 2023

Recent updates

First quarter dividend of US$1.68 announced

Cummins Inc. Declares Quarterly Common Stock Dividend, Payable on June 6, 2024

Cummins Inc. and Isuzu Motors Limited Introduce New 6.7-Liter Engine for Japan, Southeast Asia and Other Global Markets

Consensus EPS estimates increase by 17%

Cummins Inc. Provides Earnings Guidance for 2024

First quarter 2024 earnings: EPS exceeds analyst expectations

As You Sow Files an Exempt Solicitation and Solicits Votes for the Proposal

Cummins: It's Too Late To Buy This Dividend Growth Stock

Cummins Inc., Annual General Meeting, May 14, 2024

Cummins Inc., Annual General Meeting, May 14, 2024

Cummins: An Industrial Force Worth Considering

New minor risk - Earnings quality

Here's Why Cummins (NYSE:CMI) Has A Meaningful Debt Burden

Fourth quarter dividend of US$1.68 announced

Cummins Inc. Declares Quarterly Common Stock Dividend, Payable on March 7, 2024

There May Be Reason For Hope In Cummins' (NYSE:CMI) Disappointing Earnings

Pomerantz Law Firm Announces the Filing of A Class Action Against Cummins Inc

The Power Play: Cummins' Path To More Than 10% Annual Returns

Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Cummins Inc. Provides Earnings Guidance for the Year 2024

Cummins Inc. (NYSE:CMI) Looks Inexpensive But Perhaps Not Attractive Enough

Investors Met With Slowing Returns on Capital At Cummins (NYSE:CMI)

We Ran A Stock Scan For Earnings Growth And Cummins (NYSE:CMI) Passed With Ease

Cummins: A Dividend Contender That Hasn't Been This Cheap In 3 Years

Calculating The Fair Value Of Cummins Inc. (NYSE:CMI)

Now 20% undervalued after recent price drop

Cummins: The A-Rated Dividend Stock Keeps Shining

Upcoming dividend of US$1.68 per share at 3.0% yield

Cummins (NYSE:CMI) Is Paying Out A Larger Dividend Than Last Year

New minor risk - Financial position

Cummins Inc. Raises Earnings Guidance for the Full Year 2023

Third quarter 2023 earnings: EPS in line with analyst expectations despite revenue beat

Now 20% undervalued after recent price drop

Cummins Inc. Names Amy Davis President of Components Business Segment

Cummins (NYSE:CMI) Is Increasing Its Dividend To $1.68

Cummins Inc. Announces Departure of Mahesh Narang as President of the Components Business, Effective on October 27, 2023

Cummins (NYSE:CMI) Is Paying Out A Larger Dividend Than Last Year

Cummins Inc. Elects Daniel W. Fisher to Its Board of Directors

Here's What To Make Of Cummins' (NYSE:CMI) Decelerating Rates Of Return

Cummins: Dividend Raised 18 Years/2.95% Yield - High Quality Industrial

Is Now The Time To Look At Buying Cummins Inc. (NYSE:CMI)?

Cummins: A Dividend Growth Stock That Can Keep Your Portfolio Trucking Along

Cummins (NYSE:CMI) Seems To Use Debt Quite Sensibly

Cummins: 5 Factors Make This A Strong Buy

We Ran A Stock Scan For Earnings Growth And Cummins (NYSE:CMI) Passed With Ease

Cummins Inc. Announces Resignation of Tracy Embree as President of the Distribution Business, Effective from September 9, 2023

Upcoming dividend of US$1.68 per share at 2.9% yield

Cummins' (NYSE:CMI) Dividend Will Be Increased To $1.68

Cummins: Navigating Challenges With Resilience And Record Revenues

Cummins Inc. (NYSE:CMI) acquired Teksid Hierro De México, S.A. De C.V. from Teksid S.p.A. for approximately $150 million.

Cummins Inc. Reaffirms Revenue Guidance for Full Year 2023

Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

High number of new directors

Cummins (NYSE:CMI) Has Announced That It Will Be Increasing Its Dividend To $1.68

Cummins: Forget The AI-Rally, Buy The Heat Rally

Cummins (NYSE:CMI) Is Paying Out A Larger Dividend Than Last Year

Cummins Inc. Announces Board Changes

Cummins: Still Cheaply Priced

Cummins Inc. Increases Quarterly Cash Dividend, Payable on September 7, 2023

Cummins Inc. (NYSE:CMI) acquired 19% stake in Hydrogenics Corporation from L'Air Liquide S.A. (ENXTPA:AI).

A Look At The Intrinsic Value Of Cummins Inc. (NYSE:CMI)

Cummins: Powering Its Engines

Cummins Inc. Announces a New Line of Onan RV and Commercial Mobile Generators

Recession? Tailwinds? How Attractive Is Cummins' 3% Yield?

These 4 Measures Indicate That Cummins (NYSE:CMI) Is Using Debt Reasonably Well

Cummins Inc. (NYSE:CMI) agreed to acquire Two of Faurecia's commercial vehicle manufacturing plants and their related activities from Faurecia S.E. (ENXTPA:EO).

Here's Why Cummins (NYSE:CMI) Has Caught The Eye Of Investors

Cummins Inc. (NYSE:CMI) agreed to acquire Two of Faurecia's commercial vehicle manufacturing plants and their related activities from Faurecia S.E. (ENXTPA:EO).

Cummins Begins Field Testing X15N CNG Engine as Carbon Intensity of California RNG Supply Drops Further Below Zero