Group 1 - Zacks Premium offers various tools for investors to enhance their stock market strategies, including daily updates, research reports, and stock screens [1] - The Zacks Style Scores rate stocks based on value, growth, and momentum characteristics, providing a framework for investors to identify high-potential securities [2][3] - Stocks are assigned ratings from A to F, with A indicating the highest likelihood of outperforming the market [2] Group 2 - The Value Score focuses on identifying undervalued stocks using financial ratios such as P/E and Price/Sales [2] - The Growth Score emphasizes a company's financial health and future growth potential, analyzing earnings and cash flow [3] - The Momentum Score helps investors capitalize on price trends, utilizing recent price changes and earnings estimate shifts [3] Group 3 - The VGM Score combines the three Style Scores to identify stocks with attractive value, strong growth forecasts, and positive momentum [4] - The Zacks Rank is a proprietary model that uses earnings estimate revisions to guide investment decisions, with 1 (Strong Buy) stocks historically outperforming the S&P 500 [5] - Investors are encouraged to select stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B for optimal investment potential [6][7] Group 4 - Caterpillar (CAT) is the largest global construction and mining equipment manufacturer, serving multiple sectors and acting as an economic bellwether [8] - CAT currently holds a 3 (Hold) Zacks Rank, with a VGM Score of B and a Momentum Style Score of A, indicating potential for upward movement [8] - Recent upward revisions in earnings estimates for CAT suggest a positive outlook, with the Zacks Consensus Estimate increasing to $21.87 per share [8]

Ekaterina KiselevaIntroduction Caterpillar (NYSE:CAT) is one of the first stocks I bought for my dividend growth portfolio. Although I started investing roughly a decade before 2020, during the pandemic, I decided to get serious about long-term investing. Since then, I've consistently had between 90-100% of my net worth in long-term dividend stocks. One of the first reasons I bought Caterpillar was to add inflation protection and as a hedge against a weak dollar. As a Euro-based investor, a declining US ...

The Zacks Manufacturing - Construction and Mining industry faces challenges due to the ongoing contraction in manufacturing activities and a decline in orders due to low customer spending. Elevated input costs pose concerns. Increased infrastructure investment in the United States and demand from the mining sector, driven by the energy transition trend, are expected to buoy the industry. Caterpillar Inc. (CAT) , Hitachi Construction Machinery (HTCMY) , Terex (TEX) and Hyster-Yale, Inc. (HY) are poised to be ...

CHINA - 2024/07/27: In this photo illustration, Caterpillar logo is displayed on a smartphone with a ... [+] laptop keyboard background. (Photo Illustration by Serene Lee/SOPA Images/LightRocket via Getty Images)SOPA Images/LightRocket via Getty ImagesCaterpillar (NYSE: CAT) stock has seen a rise of 7% in a week, while its peer, Deere stock, hasn’t seen any change. The rise for CAT stock can be attributed to its recently reported Q2 results, with revenues slightly below but earnings above the consensus as w ...

"This hands-on, skills-based competition will test the technicians' agility, resilience and versatility," said Caterpillar Global Service Vice President Henry Venneman. "These trained experts are on the front line of support, working to keep machines and engines up and running to help ensure our customers' critical projects are completed."Cat dealers globally are experiencing a growing opportunity for technicians. By the end of 2026, it is estimated that Cat dealers may need to hire more than 44,000 technic ...

The company is exceeding its own expectations in 2024.Long-term investors in Caterpillar (CAT 0.62%) already know it's a cyclical company whose revenue and profit margins bounce around with its end markets. That knowledge won't stop traders from trying to guess the timing of the cycle. That's fair enough, but longer-term investors will want to focus on the key things that can change Caterpillar's long-term value, so here's a look at one of them.Caterpillar's cyclical revenue, margins, and earningsFirst, a g ...

Caterpillar Inc. (CAT) reported second-quarter 2024 results on Aug 6. Although revenues declined 4%, the company achieved year-over-year margin improvement and recorded its highest-ever quarterly earnings. Earnings surpassed expectations, but revenues fell short. Despite mixed results, Caterpillar’s moved up 6% since the report as the market had anticipated it to report declines in the top and the bottom line.The mining and construction equipment giant lowered its sales outlook for 2024 but provided upbeat ...

The company continues to bask in the afterglow of a significant quarterly earnings beat.One day after it published earnings that pleased investors, Caterpillar (CAT -0.20%) got some love from analysts, too. Wednesday saw a clutch of them raise their price targets on the sturdy industrial stock, moves that helped keep its share price more or less level while the S&P 500 index closed nearly 0.8% lower.Bottom-line blastCaterpillar crushed analyst profitability estimates for its second quarter, delivering a per ...

Caterpillar Inc. CAT shares are climbing on Wednesday, after the company reported strong second-quarter results.The results came amid an exciting earnings season. Here are some key analyst takeaways.BofA Securities On CaterpillarAnalyst Michael Feniger reiterated a Buy rating while reducing the price target from $385 to $376.Caterpillar reported better-than-expected second-quarter results, "demonstrating a higher/resilient EPS profile in a gloomy macro," Feniger said in a note. Adjusted earnings came in at ...

Financial Performance - Total sales and revenues for Q2 2024 were $16.689 billion, a decrease of $629 million, or 4 percent, compared to $17.318 billion in Q2 2023[189]. - For the six months ended June 30, 2024, total sales and revenues were $32.488 billion, a decrease of $692 million, or 2 percent, compared to $33.180 billion in the same period of 2023[189]. - Consolidated sales and revenues for Q2 2024 were $16,689 million, a decrease of $629 million or 4% compared to Q2 2023[204]. - Total sales and revenues for the six months ended June 30, 2024, reached $32,488 million, with $30,800 million from Machinery, Energy & Transportation and $1,688 million from Financial Products[276]. - Total sales and revenues reached $33,180 million, with Machinery, Energy & Transportation contributing $31,644 million and Financial Products contributing $1,536 million[283]. Profitability Metrics - Operating profit margin for Q2 2024 was 20.9 percent, slightly down from 21.1 percent in Q2 2023; adjusted operating profit margin improved to 22.4 percent from 21.3 percent[189]. - Profit per share for Q2 2024 was $5.48, down from $5.67 in Q2 2023; adjusted profit per share increased to $5.99 from $5.55[189]. - Operating profit for Q2 2024 was $3,482 million, down $170 million or 5% from $3,652 million in Q2 2023[206]. - The operating profit margin for Q2 2024 was 20.9%, slightly lower than 21.1% in Q2 2023[206]. - For the six months ended June 30, 2024, operating profit was $7,001 million, an increase of $618 million or 10% compared to $6,383 million for the same period in 2023[220]. - The operating profit margin improved to 21.5% for the six months ended June 30, 2024, compared to 19.2% for the same period in 2023[220]. Segment Performance - Construction Industries segment profit decreased by $62 million to $1,741 million, a 3% decline compared to Q2 2023[207]. - Energy & Transportation segment profit increased by $256 million to $1,525 million, a 20% increase from Q2 2023[207]. - Resource Industries segment profit decreased by $22 million to $718 million, a 3% decline compared to Q2 2023[207]. - Construction Industries' total sales were $6.683 billion in Q2 2024, a decrease of $471 million, or 7 percent, from $7.154 billion in Q2 2023[209]. - Resource Industries' total sales were $3.206 billion in Q2 2024, a decrease of $357 million, or 10 percent, compared to $3.563 billion in Q2 2023[210]. - Energy & Transportation's total sales increased to $7.337 billion in Q2 2024, an increase of $118 million, or 2 percent, from $7.219 billion in Q2 2023[211]. Costs and Expenses - Restructuring costs for 2024 are expected to be around $450 million, with capital expenditures projected between $2.0 billion and $2.5 billion[193]. - Interest expense excluding Financial Products was $137 million in Q2 2024, up from $127 million in Q2 2023 due to higher borrowing rates[208]. - The effective tax rate for Q2 2024 was 23.9%, compared to 20.6% in Q2 2023[208]. - Other income in Q2 2024 was $155 million, an increase from $127 million in Q2 2023, driven by favorable impacts from commodity hedges[208]. - Total operating costs for the six months ended June 30, 2024, amounted to $25,487 million, with a significant portion attributed to the cost of goods sold at $19,812 million[277]. Cash Flow and Capital Management - Consolidated operating cash flow for the first six months of 2024 was $5.07 billion, an increase of $251 million compared to the same period in 2023[239]. - Capital expenditures for the first six months of 2024 were $841 million, with expectations of $2.0 billion to $2.5 billion for the full year[253]. - The company repurchased $6.28 billion of common stock in the first six months of 2024, with $21.6 billion remaining under the share repurchase authorizations[256]. - The company ended the period with cash, cash equivalents, and restricted cash totaling $7,394 million, an increase of $381 million from the previous period[292]. Future Outlook - The company anticipates slightly lower sales and revenues for the full year 2024 compared to 2023, with a slight decrease in machine dealer inventories expected[193]. - The company expects services revenues to grow in the second half of 2024 compared to the second half of 2023[193]. - The company anticipates future performance may be affected by global economic conditions, commodity price changes, and competitive market dynamics[294]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[283]. Risks and Challenges - Risks include potential disruptions in global financial markets and compliance with financial regulations, which could impact liquidity and cost of borrowing[294]. - The company has outlined various factors that could materially affect its future results, including changes in interest rates and currency fluctuations[294]. - The company emphasizes the importance of maintaining credit ratings to ensure favorable borrowing conditions and access to capital markets[294].