Cummins (CMI) Q3 Earnings and Revenues Beat Estimates

Group 1 - Cummins reported quarterly earnings of $5.60 per share, exceeding the Zacks Consensus Estimate of $4.89 per share, and up from $4.73 per share a year ago, representing an earnings surprise of 14.52% [1] - The company achieved revenues of $8.46 billion for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 2.18%, and slightly up from $8.43 billion year-over-year [2] - Cummins shares have increased approximately 35.9% year-to-date, outperforming the S&P 500's gain of 19.8% [3] Group 2 - The future performance of Cummins' stock will largely depend on management's commentary during the earnings call and the company's earnings outlook [4] - Current consensus EPS estimate for the upcoming quarter is $4.83 on revenues of $8.22 billion, and for the current fiscal year, it is $19.96 on revenues of $33.69 billion [7] - The Zacks Industry Rank for Automotive - Internal Combustion Engines is in the top 39% of over 250 Zacks industries, indicating a favorable outlook for the sector [8]