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Curious about Cummins (CMI) Q3 Performance? Explore Wall Street Estimates for Key Metrics
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In its upcoming report, Cummins (CMI - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $8.38 per share, reflecting an increase of 49.9% compared to the same period last year. Revenues are forecasted to be $9.89 billion, representing a year-over-year increase of 18.9%.
Over the last 30 days, there has been a downward revision of 0.9% 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.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
That said, let's delve into the average estimates of some Cummins metrics that Wall Street analysts commonly model and monitor.
Based on the collective assessment of analysts, 'Net Sales- Engine- Medium-duty truck and bus' should arrive at $949.01 million. The estimate indicates a year-over-year change of +21.1%.
Analysts expect 'Net Sales- Engine- Light-duty automotive' to come in at $665.22 million. The estimate indicates a year-over-year change of +14.1%.
The consensus among analysts is that 'Net Sales- Engine- Heavy-duty truck' will reach $945.59 million. The estimate suggests a change of +22.5% year over year.
The combined assessment of analysts suggests that 'Net Sales- Distribution' will likely reach $3.62 billion. The estimate indicates a change of +14.1% from the prior-year quarter.
The consensus estimate for 'Net Sales- Accelera' stands at $70.60 million. The estimate indicates a change of -41.7% from the prior-year quarter.
It is projected by analysts that the 'Net Sales- Components' will reach $2.88 billion. The estimate indicates a year-over-year change of +23.6%.
The collective assessment of analysts points to an estimated 'Net Sales- Engine' of $3.20 billion. The estimate indicates a year-over-year change of +22.8%.
Analysts forecast 'Net Sales- Engine- Off-highway' to reach $500.22 million. The estimate indicates a year-over-year change of +7.3%.
Analysts predict that the 'Unit shipments - Engine - Light-duty' will reach 52,403 . Compared to the current estimate, the company reported 49,600 in the same quarter of the previous year.
According to the collective judgment of analysts, 'Unit shipments - Engine - Heavy-duty' should come in at 29,063 . Compared to the present estimate, the company reported 22,400 in the same quarter last year.
Analysts' assessment points toward 'Unit shipments - Engine - Medium-duty' reaching 81,796 . Compared to the present estimate, the company reported 63,100 in the same quarter last year.
The average prediction of analysts places 'Unit shipments - Engine - Total' at 163,261 . The estimate is in contrast to the year-ago figure of 135,100 .
Over the past month, Cummins shares have recorded returns of -5.3% versus the Zacks S&P 500 composite's -0.9% change. Based on its Zacks Rank #3 (Hold), CMI will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Curious about Cummins (CMI) Q3 Performance? Explore Wall Street Estimates for Key Metrics
In its upcoming report, Cummins (CMI - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $8.38 per share, reflecting an increase of 49.9% compared to the same period last year. Revenues are forecasted to be $9.89 billion, representing a year-over-year increase of 18.9%.
Over the last 30 days, there has been a downward revision of 0.9% 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.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
That said, let's delve into the average estimates of some Cummins metrics that Wall Street analysts commonly model and monitor.
Based on the collective assessment of analysts, 'Net Sales- Engine- Medium-duty truck and bus' should arrive at $949.01 million. The estimate indicates a year-over-year change of +21.1%.
Analysts expect 'Net Sales- Engine- Light-duty automotive' to come in at $665.22 million. The estimate indicates a year-over-year change of +14.1%.
The consensus among analysts is that 'Net Sales- Engine- Heavy-duty truck' will reach $945.59 million. The estimate suggests a change of +22.5% year over year.
The combined assessment of analysts suggests that 'Net Sales- Distribution' will likely reach $3.62 billion. The estimate indicates a change of +14.1% from the prior-year quarter.
The consensus estimate for 'Net Sales- Accelera' stands at $70.60 million. The estimate indicates a change of -41.7% from the prior-year quarter.
It is projected by analysts that the 'Net Sales- Components' will reach $2.88 billion. The estimate indicates a year-over-year change of +23.6%.
The collective assessment of analysts points to an estimated 'Net Sales- Engine' of $3.20 billion. The estimate indicates a year-over-year change of +22.8%.
Analysts forecast 'Net Sales- Engine- Off-highway' to reach $500.22 million. The estimate indicates a year-over-year change of +7.3%.
Analysts predict that the 'Unit shipments - Engine - Light-duty' will reach 52,403 . Compared to the current estimate, the company reported 49,600 in the same quarter of the previous year.
According to the collective judgment of analysts, 'Unit shipments - Engine - Heavy-duty' should come in at 29,063 . Compared to the present estimate, the company reported 22,400 in the same quarter last year.
Analysts' assessment points toward 'Unit shipments - Engine - Medium-duty' reaching 81,796 . Compared to the present estimate, the company reported 63,100 in the same quarter last year.
The average prediction of analysts places 'Unit shipments - Engine - Total' at 163,261 . The estimate is in contrast to the year-ago figure of 135,100 .
View all Key Company Metrics for Cummins here>>>Over the past month, Cummins shares have recorded returns of -5.3% versus the Zacks S&P 500 composite's -0.9% change. Based on its Zacks Rank #3 (Hold), CMI will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .