Investors in Cummins Inc. (NYSE:CMI) had a good week, as its shares rose 7.8% to close at US$355 following the release of its third-quarter results. It looks like a credible result overall - although revenues of US$8.5b were what the analysts expected, Cummins surprised by delivering a (statutory) profit of US$5.86 per share, an impressive 21% above what was forecast. This is an important time for investors, as they can track a company's performance in its report, look at what experts are forecasting for next year, and see if there has been any change to expectations for the business. So we collected the latest post-earnings statutory consensus estimates to see what could be in store for next year.

Check out our latest analysis for Cummins

Taking into account the latest results, Cummins' 20 analysts currently expect revenues in 2025 to be US$34.7b, approximately in line with the last 12 months. Statutory earnings per share are predicted to soar 43% to US$21.88. Before this earnings report, the analysts had been forecasting revenues of US$34.6b and earnings per share (EPS) of US$21.77 in 2025. So it's pretty clear that, although the analysts have updated their estimates, there's been no major change in expectations for the business following the latest results.

The consensus price target rose 5.2% to US$349despite there being no meaningful change to earnings estimates. It could be that the analystsare reflecting the predictability of Cummins' earnings by assigning a price premium. The consensus price target is just an average of individual analyst targets, so - it could be handy to see how wide the range of underlying estimates is. Currently, the most bullish analyst values Cummins at US$425 per share, while the most bearish prices it at US$275. Analysts definitely have varying views on the business, but the spread of estimates is not wide enough in our view to suggest that extreme outcomes could await Cummins shareholders.

These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Cummins' past performance and to peers in the same industry. It's pretty clear that there is an expectation that Cummins' revenue growth will slow down substantially, with revenues to the end of 2025 expected to display 1.1% growth on an annualised basis. This is compared to a historical growth rate of 11% over the past five years. By way of comparison, the other companies in this industry with analyst coverage are forecast to grow their revenue at 3.1% per year. So it's pretty clear that, while revenue growth is expected to slow down, the wider industry is also expected to grow faster than Cummins.