How did CMI's Q4 earnings surprise impact annual performance?

Cummins' (CMI) Q4 earnings surprise had a positive impact on its annual performance, contributing to a stronger financial outcome for the year.

1. **Q4 Earnings Surprise**:
- Cummins reported an earnings per share (EPS) surprise of $0.47 for Q4 2024.
- This positive surprise indicates that the company's actual performance exceeded market expectations.

|code|Ticker|Name|Date|Net Income YoY|Net Income|market_code|
|---|---|---|---|---|---|---|
|CMI|CMI.N|Cummins|2024 Q1|151.61290322580646|2.028E9|169|
|CMI|CMI.N|Cummins|2024 Q2|2.03527815468114|7.52E8|169|
|CMI|CMI.N|Cummins|2024 Q3|22.17391304347826|8.43E8|169|
|CMI|CMI.N|Cummins|2024 Q4|131.9454414931802|4.45E8|169|

2. **Annual Net Income**:
- The company's net income for the fiscal year 2024 was $4.07 billion.
- While the Q4 surprise is not directly quantified against the annual net income, it suggests that the strong performance in Q4 contributed to the overall robust financial results for the year.

3. **Impact on Annual Performance**:
- The Q4 earnings surprise likely boosted Cummins' net income for the year, as it indicates a strong performance in the final quarter.
- This, in turn, could have a positive effect on investor confidence and market perception of the company's financial health and future growth prospects.

In conclusion, Cummins' Q4 earnings surprise had a positive ripple effect on its annual performance, contributing to a stronger financial outcome for the year.