Caterpillar Inc. (CAT)
Here is What to Know Beyond Why Caterpillar Inc. (CAT) is a Trending Stock
Caterpillar (CAT) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Should You Buy, Hold or Sell Caterpillar Stock After Q3 Earnings?
Caterpillar Inc. CAT recently reported year-over-year declines in its top and bottom lines for the third quarter of 2024, which lagged the Zacks Consensus Estimates. This ended CAT's stint of improved earnings for 14 straight quarters, which showed the company's resilience through challenges during these quarters, including the pandemic, supply-chain disruptions and slowdown in manufacturing.
Caterpillar Stock: Market Points to a Buying Opportunity
Caterpillar's NYSE: CAT stock price fell sharply following the Q3 release, but the market activity since the initial decline clearly signals that it is time to buy this stock. The Q3 performance aside, operational quality is good for this market-leading industrial name and sufficient to sustain the capital return outlook.
Caterpillar Q3: There Are More Pressing Issues Than The Earnings Miss
Caterpillar Inc.'s Q3 results were mixed, with a miss on the top and bottom line, but an overall optimistic outlook for the whole fiscal year. However, the current valuation appears stretched, and long-term investors should pay close attention to changes in price realization. Ongoing trends in the Energy & Transportation segment are likely to provide a short-term tailwind for the share price, but problems a brewing in the company's other two segments.
Caterpillar Q3 Earnings & Revenues Miss Estimates on Low Volumes
CAT reports lower-than-expected Q3 earnings due to decreased volumes in the Construction Industries and Resource Industries segments.
Caterpillar Sales Slide on Weak Industrial Demand
Caterpillar (CAT) shares declined Wednesday when the construction equipment manufacturer posted worse-than-expected results and warned about the future on a slowdown in industrial sector demand.
Caterpillar Inc. (CAT) Q3 2024 Earnings Call Transcript
Caterpillar Inc. (NYSE:CAT ) Q3 2024 Earnings Conference Call October 30, 2024 8:30 AM ET Company Participants Ryan Fiedler - Vice President, Investor Relations Jim Umpleby - Chairman & Chief Executive Officer Andrew Bonfield - Chief Financial Officer Conference Call Participants Jerry Revich - Goldman Sachs Tami Zakaria - JPMorgan Angel Castillo - Morgan Stanley Jamie Cook - Truist Securities David Raso - Evercore ISI Michael Feniger - Bank of America Kristen Owen - Oppenheimer & Company Steven Fisher - UBS Kyle Menges - Citigroup Chad Dillard - Bernstein Tim Thein - Raymond James Mig Dobre - Baird Jairam Nathan - Daiwa Rob Wertheimer - Melius Research Operator Welcome to the Third Quarter 2024 Caterpillar Earnings Conference Call. Please be advised that today's conference is being recorded.
Caterpillar profit falls short as demand wanes
Caterpillar Inc (NYSE:CAT, ETR:CAT1) has unveiled lower-than-expected profit for the third quarter on a drop in sales as demand for construction equipment remained downtrodden. Revenue fell by 4% over the third quarter to $16.1 billion, Caterpillar reported on Wednesday, broadly in line with analysts' expectations.
Compared to Estimates, Caterpillar (CAT) Q3 Earnings: A Look at Key Metrics
The headline numbers for Caterpillar (CAT) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Caterpillar (CAT) Lags Q3 Earnings and Revenue Estimates
Caterpillar (CAT) came out with quarterly earnings of $5.17 per share, missing the Zacks Consensus Estimate of $5.33 per share. This compares to earnings of $5.52 per share a year ago.
Caterpillar's stock drops as weak equipment sales lead to a rare profit miss
Caterpillar's stock drops after a rare profit miss, while revenue was below expectations for a fourth straight quarter.
Caterpillar Investors Want to See Earnings Growth. They Might Not Get It.
For the third quarter, Wall Street is looking for earnings per share of $5.35 from sales of $16.4 billion, according to FactSet.
