Wall Street analysts predict that Caterpillar (CAT) is expected to announce quarterly earnings of $5.14 per share, representing a 4.7% increase year-over-year. Revenue forecasts point towards $16.06 billion, showcasing a 1.3% growth compared to the same quarter last year. Analysts suggest that revising earnings projections is crucial before a company's earnings release to anticipate potential investor reactions to the stock's performance.
Analysts emphasize the significance of monitoring trends in earnings estimate revisions, as they tend to correlate strongly with short-term stock price movements. While investors typically rely on consensus earnings and revenue estimates, examining analysts' projections for various key metrics provides additional insights into a company's performance. The collective opinions of analysts indicate expectations regarding different aspects of Caterpillar's business, such as total sales and revenues in specific segments.
Analysts project that sales and revenues in different regions and segments of Caterpillar's business are expected to experience varying changes compared to the previous year. From North America to Latin America, analysts provide estimates for categories like Energy & Transportation, Resource Industries, Construction, and All Other Segments. Moreover, they predict changes in revenue ranging from -4% to +8.6% across these different segments. Additionally, amidst the recent market movements, with Caterpillar's shares experiencing a -1% change, analysts suggest that the company, currently holding a Zacks Rank #3 (Hold), is poised to reflect the overall market performance in the near future.