Here's What to Expect From Cummins' Next Earnings Report

Cummins Inc. (CMI), with a market cap of $45.6 billion, is a leading global designer, manufacturer, and distributor of diesel and natural gas engines, as well as powertrain components like fuel systems, turbochargers, and transmissions. Headquartered in Columbus, Indiana, the company serves original equipment manufacturers (OEMs), distributors, and dealers through a network of company-owned and independent facilities. The global power solutions leader is expected to announce its fiscal third-quarter earnings for 2024 on Tuesday, November 5. 

Ahead of the event, analysts expect CMI to report a profit of $4.89 per share on a diluted basis, up 3.4% from $4.73 per share in the year-ago quarter. The company missed the consensus estimates in two of the last four quarters while beating the forecast on two other occasions. In the previous quarter, CMI exceeded the EPS consensus estimate by 8.5%, thanks to robust North American sales.