Caterpillar Inc. (CAT)
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.
Why Caterpillar (CAT) is a Top Growth Stock for the Long-Term
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Should You Pick Caterpillar Stock Ahead Of Q3?
Caterpillar (NYSE: CAT) will report its Q3 2024 results on Tuesday, October 29. We expect the company's revenues to come in at $16.2 billion and adjusted earnings of $5.36 per share, broadly aligning with the consensus estimates.
How Should You Play the CAT Stock Ahead of Q3 Earnings Release?
Caterpillar gears up to report Q3 results, which are likely to reflect the impacts of low volumes. We analyze what investors' stance on the CAT stock should be.
Exploring Analyst Estimates for Caterpillar (CAT) Q3 Earnings, Beyond Revenue and EPS
Evaluate the expected performance of Caterpillar (CAT) for the quarter ended September 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
Analysts Estimate Caterpillar (CAT) to Report a Decline in Earnings: What to Look Out for
Caterpillar (CAT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
