Caterpillar (CAT) shares dropped after the company's fourth-quarter revenue fell short of expectations before the opening bell Thursday.
Caterpillar Inc. (NYSE:CAT ) Q4 2024 Earnings Conference Call January 30, 2025 8:30 AM ET Company Participants Jim Umpleby - Chairman, Chief Executive Officer Andrew Bonfield - Chief Financial Officer Alex Kapper - Vice President, Investor Relations Conference Call Participants Steven Volkmann - Jefferies Michael Feniger - Bank of America Rob Wertheimer - Melius Research David Raso - Evercore ISI Jerry Revich - Goldman Sachs Chad Dillard - Bernstein Jamie Cook - Truist Securities Mig Dobre - Baird Tami Zakaria - JP Morgan Tim Thein - Raymond James Angel Castillo - Morgan Stanley Kristen Owen - Oppenheimer Steven Fisher - UBS Kyle Mendes - Citi Operator Welcome to the fourth quarter 2024 Caterpillar earnings conference call. Please be advised that today's conference is being recorded.
The headline numbers for Caterpillar (CAT) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Caterpillar (CAT -4.53%), a global leader in construction and mining equipment manufacturing, reported mixed fourth-quarter 2024 earnings on Thursday, Jan. 30. While adjusted earnings per share (EPS) of $5.14 beat analysts' consensus expectations of $5.02, the company faced challenges as revenue of $16.2 billion fell short of the forecasted $16.61 billion.
Caterpillar (CAT) came out with quarterly earnings of $5.14 per share, beating the Zacks Consensus Estimate of $4.97 per share. This compares to earnings of $5.23 per share a year ago.
Caterpillar's stock falls after streak of revenue misses was extended, and the full-year outlook was for a surprise decline.
Caterpillar Inc. CAT will release its fourth-quarter financial results, before the opening bell, on Thursday, Jan. 30, 2025.
For the quarter, Wall Street projects earnings per share of $5.05 from sales of $15.8 billion, according to Bloomberg.
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Caterpillar prepares to report Q4 results, which are likely to reflect the impacts of low volumes. We analyze investors' stances on the CAT stock.
Caterpillar (CAT) reachead $407.63 at the closing of the latest trading day, reflecting a +0.3% change compared to its last close.