Cummins (CMI) Beats Q4 Earnings and Revenue Estimates

Financial Performance - Cummins reported quarterly earnings of $5.16 per share, exceeding the Zacks Consensus Estimate of $4.68 per share, and up from $4.14 per share a year ago, representing an earnings surprise of 10.26% [1] - The company posted revenues of $8.45 billion for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 3.92%, although this is a slight decrease from year-ago revenues of $8.54 billion [2] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $5.22 on revenues of $8.27 billion, and for the current fiscal year, it is $22.33 on revenues of $34.7 billion [7] - The estimate revisions trend for Cummins is mixed, leading to a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Industry Context - Cummins operates within the Zacks Automotive - Internal Combustion Engines industry, which is currently in the top 36% of over 250 Zacks industries, suggesting a favorable industry outlook [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]