Cummins Inc.

(New York Stock Exchange)
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Slightly Bullish +25

Insights Into Cummins (CMI) Q1: Wall Street Projections for Key Metrics

AI-generated analysis

- πŸ“‰ Wall Street analysts forecast Cummins (CMI) quarterly earnings of $5.79 per share, indicating a 2.9% year-over-year decline.

- πŸ’΅ Projected revenues are expected to reach $8.32 billion, representing a 1.8% increase compared to the previous year.

- πŸ” The consensus EPS estimate has been revised downward by 1.2% over the past 30 days, reflecting updated analyst sentiment.

- πŸš— Net sales for light-duty automotive engines are estimated at $442.81 million, showing a 5.2% year-over-year increase.

- πŸš› Heavy-duty truck engine net sales are forecast to total $869.77 million, reflecting a 5.6% year-over-year decrease.

- 🚌 Medium-duty truck and bus engine net sales are predicted to be $956.45 million, down 3% from the prior quarter.

- 🌍 Distribution net sales are expected to reach $3.08 billion, marking a 6% increase over the year-ago period.

- ⚑ Accelera segment net sales are projected at $73.41 million, representing a significant 28.7% year-over-year decline.

- πŸ”§ Components net sales are estimated to arrive at $2.55 billion, indicating a 4.3% decrease from the previous year.

- 🏭 Total engine net sales are forecast at $2.67 billion, suggesting a 3.7% year-over-year contraction.

- 🚜 Off-highway engine net sales are predicted to reach $459.54 million, showing a 3.7% year-over-year growth.

- βš™οΈ Unit shipments for light-duty engines are estimated at 38,037, compared to 39,100 in the same quarter last year.

- πŸ“¦ Heavy-duty engine unit shipments are projected to hit 23,584, down from 26,700 in the prior-year quarter.

- 🚌 Medium-duty engine unit shipments are expected to reach 69,929, lower than the 75,200 reported last year.

- πŸ”’ Total engine unit shipments are consensus at 131,550, a decline from 141,000 in the comparable period.

- πŸ“ˆ Cummins shares have returned +16.2% over the past month, outperforming the S&P 500 composite's +12.2% gain.

- 🎯 CMI currently holds a Zacks Rank #2 (Buy), indicating expectations to beat overall market performance in the near future.

Bullish Signals
  • Revenues are anticipated to increase by 1.8% year-over-year, reaching an estimated $8.32 billion despite overall earnings decline expectations.
  • Net Sales in the Distribution segment are projected to grow by 6% compared to the prior year, reaching an estimated $3.08 billion.
  • Light-duty automotive engine sales show strong upside potential with analysts forecasting a 5.2% year-over-year increase to approximately $442.81 million.
  • Off-highway engine sales are expected to grow by 3.7% year-over-year, reaching an estimated $459.54 million.
  • Cummins shares have outperformed the market recently with a +16.2% return over the past month compared to the S&P 500's +12.2% gain.
  • The stock currently holds a Zacks Rank #2 (Buy) rating, indicating positive long-term expectations relative to broader market indices.
Risk Factors
  • Wall Street analysts project quarterly earnings of $5.79 per share, representing a year-over-year decline of 2.9%.
  • The consensus EPS estimate has been revised downward by 1.2% over the past 30 days, indicating growing pessimism among covering analysts.
  • Net sales for heavy-duty truck engines are forecast to decrease by 5.6% compared to the year-ago quarter.
  • Net sales for medium-duty truck and bus engines are expected to drop by 3% from the prior-year quarter.
  • Net sales for Accelera are anticipated to fall sharply by 28.7% on a year-over-year basis.
  • Net sales for components are projected to decline by 4.3% year over year.
  • Overall net sales for engines are expected to contract by 3.7% compared to the prior year.
  • Total unit shipments are forecast to reach 131,550, which is a significant decrease from the previously reported 141,000 units in the same quarter last year.
  • Unit shipments for heavy-duty engines are projected to decline by 3,116 units compared to the previous year's total of 26,700.
Full Analysis
Wall Street analysts forecast Cummins Inc. (CMI) to report Q1 earnings of $5.79 per share, representing a 2.9% decline from the year-ago quarter, while revenues are projected at $8.32 billion, an increase of 1.8%. Consensus EPS estimates have been revised downward by 1.2% over the past 30 days, reflecting analysts' reassessment of the company's performance ahead of its earnings disclosure. The article details specific breakdowns for Net Sales across different business segments, including Light-duty automotive engines at $442.81 million (+5.2%), Heavy-duty truck engines at $869.77 million (-5.6%), Medium-duty truck and bus engines at $956.45 million (-3%), Distribution sales at $3.08 billion (+6%), and Accelera segment sales at $73.41 million (-28.7%). Additionally, Component sales are estimated at $2.55 billion (-4.3%) and Total Engine Net Sales at $2.67 billion (-3.7%), with Off-highway engines projected at $459.54 million (+3.7%). Unit shipment estimates for Q1 also show declines year-over-year, with Light-duty units expected at 38,037 compared to 39,100, Heavy-duty at 23,584 versus 26,700, Medium-duty at 69,929 against 75,200, and Total Engine shipments at 131,550 from a previous year's 141,000. In terms of stock performance, CMI shares have returned +16.2% over the past month, outpacing the Zacks S&P 500 composite index change of +12.2%, and the stock currently holds a Zacks Rank of #2 (Buy). The article originates from Zacks Investment Research and includes standard calls to action for downloading free reports and viewing top stock picks, though these are secondary to the core financial projections provided.