Cummins Inc. (CMI) Stock Forecast
CMI analyst forecast
as of October 18, 2026- Analyst consensus
- Buy 4.18 / 5 from 22 analysts
- Price target
- $716.66 average of analyst targets
- Upside to target
- +34.9% from the latest close
- Next earnings
- November 5, 2026 EPS estimate $8.38
- 52-week range
- $407.98 – $727.59
CMI analyst ratings
22 analystsNumber of analysts at each rating.
CMI price target
The average of analyst 12-month price targets compared with the latest close and the 52-week range.
CMI earnings per share estimates
| Period | Average | Low | High | Year ago | Growth | Analysts |
|---|---|---|---|---|---|---|
| Current quarter (Sep '26) | $8.28 | $8.02 | $8.62 | $3.86 | +114.6% | 9 |
| Current fiscal year (2026) | $28.45 | $25.97 | $30.53 | $20.50 | +38.8% | 13 |
| Next fiscal year (2027) | $34.34 | $29.41 | $37.26 | $28.45 | +20.7% | 13 |
Consensus EPS estimates; growth compares the average estimate with the year-ago EPS.
CMI revenue estimates
| Period | Average | Low | High | Growth | Analysts |
|---|---|---|---|---|---|
| Current quarter (Sep '26) | $9.88B | $9.44B | $10.30B | +18.8% | 14 |
| Current fiscal year (2026) | $37.67B | $36.03B | $38.70B | +11.9% | 18 |
| Next fiscal year (2027) | $41.34B | $38.91B | $43.16B | +9.7% | 18 |
CMI EPS: reported and forecast
Fiscal years; "E" marks estimates, the line shows the range from the lowest to the highest estimate.
CMI revenue: reported and forecast
CMI EPS estimate revisions
| Period | 90 days ago | 60 days ago | 30 days ago | 7 days ago | Now | Change (90 d) | Revisions (30 d) |
|---|---|---|---|---|---|---|---|
| Current quarter (Sep '26) | $7.82 | $8.40 | $8.40 | $8.41 | $8.28 | +5.9% | 2 up · 0 down |
| Current fiscal year (2026) | $28.39 | $28.88 | $28.57 | $28.60 | $28.45 | +0.2% | 1 up · 1 down |
| Next fiscal year (2027) | $32.29 | $33.84 | $33.73 | $34.23 | $34.34 | +6.4% | 1 up · 1 down |
How the consensus EPS estimate changed over the last 90 days, and how many analysts raised or lowered it in the last 30 days.
CMI earnings surprises
Reported EPS vs the consensus estimate for the last 12 quarters; CMI beat in 8 of 12.
What analysts expect from CMI
22 analysts cover Cummins; their consensus rating is buy (4.18 on a 1–5 scale, where 5 is a strong buy). The average price target is $716.66, 34.9% above the latest close of $531.33. Analysts expect earnings of $28.45 per share for 2026, +38.8% from a year earlier. For 2027 the average estimate is $34.34 per share on revenue of $41.3 billion. Cummins beat the EPS estimate in 8 of the last 12 quarters.
Related: CMI income statement, CMI key metrics, CMI chart. See the CMI stock overview for the latest quote and news.
CMI forecast FAQ
What is Cummins's price target?
The average analyst price target for Cummins is $716.66, 34.9% above the latest close of $531.33.
Is Cummins a buy, hold or sell?
Of 22 analysts covering Cummins, 11 rate it a strong buy, 4 a buy, 7 a hold, 0 a sell and 0 a strong sell, a consensus of buy. Ratings are opinions, not a recommendation from Quotelinks.
What is Cummins's EPS forecast?
Analysts forecast $28.45 per share for 2026 (range $25.97 to $30.53); for 2027 the estimate is $34.34.
What is Cummins's revenue forecast?
The average revenue estimate for 2026 is $37.7 billion, growth of 11.9%; for 2027 it is $41.3 billion.
When does Cummins report earnings?
Cummins is expected to report results for the quarter ending September 30, 2026 on November 5, 2026 before the market opens; the EPS estimate is $8.38.
Does Cummins usually beat earnings estimates?
Cummins reported EPS at or above the analyst estimate in 8 of the last 12 quarters.