Ahead of Cummins (CMI) Q1 Earnings: Get Ready With Wall Street Estimates for Key Metrics

Analysts on Wall Street project that Cummins (CMI) will announce quarterly earnings of $4.82 per share in its forthcoming report, representing a decline of 5.5% year over year. Revenues are projected to reach $8.07 billion, declining 4% from the same quarter last year.Over the last 30 days, there has been a downward revision of 7.1% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.In light of this perspective, let's dive into the average estimates of certain Cummins metrics that are commonly tracked and forecasted by Wall Street analysts.According to the collective judgment of analysts, 'Net Sales- Distribution' should come in at $2.66 billion. The estimate points to a change of +5.1% from the year-ago quarter.Analysts forecast 'Net Sales- Accelera' to reach $97.47 million. The estimate indicates a change of +4.8% from the prior-year quarter.Analysts predict that the 'Net Sales- Engine- Off-highway' will reach $432.45 million. The estimate indicates a change of -0.8% from the prior-year quarter.The consensus estimate for 'Net Sales- Engine- Medium-duty truck and bus' stands at $956.99 million. The estimate suggests a change of -3.8% year over year.The average prediction of analysts places 'Net Sales- Engine- Light-duty automotive' at $425.95 million. The estimate indicates a year-over-year change of -2.8%.Analysts expect 'Net Sales- Engine- Heavy-duty truck' to come in at $1.01 billion. The estimate indicates a year-over-year change of -4.3%.The collective assessment of analysts points to an estimated 'Net Sales- Power System' of $1.50 billion. The estimate suggests a change of +8% year over year.The consensus among analysts is that 'Net Sales- Components' will reach $2.85 billion. The estimate indicates a year-over-year change of -14.3%.The combined assessment of analysts suggests that 'Net Sales- Engine' will likely reach $2.74 billion. The estimate indicates a change of -6.3% from the prior-year quarter.Analysts' assessment points toward 'Net Sales- Components- Automated transmissions' reaching $146.75 million. The estimate indicates a change of -11.1% from the prior-year quarter.Based on the collective assessment of analysts, 'Net Sales- Power System- Industrial' should arrive at $428.73 million. The estimate suggests a change of +2.1% year over year.It is projected by analysts that the 'Net Sales- Power System- Power generation' will reach $960.32 million. The estimate indicates a year-over-year change of +12.6%.View all Key Company Metrics for Cummins here>>>Shares of Cummins have demonstrated returns of -7% over the past month compared to the Zacks S&P 500 composite's -0.2% change. With a Zacks Rank #3 (Hold), CMI is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>Only $1 to See All Zacks' Buys and SellsWe're not kidding.Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services like Surprise Trader, Stocks Under $10, Technology Innovators,and more, that closed 256 positions with double- and triple-digit gains in 2024 alone.See Stocks Now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Cummins Inc. (CMI): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks