Recently, Zacks.com users have been paying close attention to Caterpillar (CAT). This makes it worthwhile to examine what the stock has in store.
All the names in today's Big 3 show upside potential, but Aquiles Larrea notes resistance they need to break through. He and Rick Ducat break down the technical trends in Caterpillar (CAT), Rivian (RIVN) and AT&T (T).
Caterpillar and Komatsu have been highlighted in this Industry Outlook article.
The Zacks Industry Rank for the Manufacturing - Construction and Mining industry paints a dull picture. We believe that stocks like CAT and KMTUY are still worth a look.
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.
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'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 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.
CAT reports lower-than-expected Q3 earnings due to decreased volumes in the Construction Industries and Resource Industries segments.
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. (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 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.