The demand for infrastructure services will surge as governments around the world prioritize upgrading and expanding essential networks. From transportation and energy to water systems and telecommunications, infrastructure stocks to buy offer promising growth potential for investors. These companies often enjoy stable cash flows, supported by essential services and government contracts. Moreover, advancements in technology and sustainability initiatives continue to drive innovation within the infrastructur ...

Key PointsKinder Morgan, Shell and Caterpillar have had unusual call option activity recently, which could mean they are about to make a run higher. These companies are tied to the same fundamental macro trend in the U.S. economy, boosting the odds of these traders being right. Wall Street analysts agree that price targets and institutional ownership should be safety checks.5 stocks we like better than CaterpillarBuying options is a way to increase the leverage on a trade, as it takes an investor less out-o ...

With the presidential election just months away, one of the hottest topics will be the nation’s infrastructure — especially after the bridge collapse in Baltimore, Maryland. All of which should be a strong catalyst for some of the top infrastructure stocks.That bridge collapse also ignited calls to fix many of America’s aging bridges. In fact, according to Mary Kane, president and CEO of the Maryland Chamber of Commerce, noted, “This event has underscored the crucial role that our nation’s infrastructure pl ...

Dow Jones Industrial Average (DJI) components Caterpillar Inc. (NYSE:CAT) and Merck & Co Inc (NYSE:MRK) are moving in opposite directions today after their respective first-quarter earnings reports, as the blue-chip index eyes its worst single-day decline since March 2023.Caterpillar stock is down 6.4% at $340.21 at last check, after the heavy equipment maker missed first-quarter revenue estimates and issued a weak current-quarter forecast. Shares fell to their lowest level since early February on the news, ...

For the quarter ended March 2024, Caterpillar (CAT) reported revenue of $15.8 billion, down 0.4% over the same period last year. EPS came in at $5.60, compared to $4.91 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $16.07 billion, representing a surprise of -1.69%. The company delivered an EPS surprise of +9.38%, with the consensus EPS estimate being $5.12.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how th ...

Caterpillar Inc. (NYSE:CAT) Q1 2024 Earnings Conference Call April 25, 2024 8:30 AM ET Company Participants Jim Umpleby - Chairman and Chief Executive Officer Andrew Bonfield - Chief Financial Officer Kyle Epley - Senior Vice President of the Global Finance Services Division Rob Rengel - Senior Director of IR Ryan Fiedler - Vice President of Investor Relations Conference Call Participants Tami Zakaria - JP Morgan Michael Feniger - Bank of America Jamie Cook - Truist Securities David Raso - Evercore ISI ...

Key TakeawaysCaterpillar stock dropped Thursday as weak sales offset an earnings beat in the company's first-quarter results.The construction equipment and engine manufacturer saw sales decline slightly compared with the first quarter of 2023, which was mostly offset by higher prices.International sales suffered, with sales for some categories falling as much as 25% year-over-year in some regions. Caterpillar (CAT) shares fell sharply in intraday trading Thursday as lower-than-expected sales offset a strong ...

Caterpillar Inc. (CAT) reported first-quarter 2024 adjusted earnings per share of a record $5.60, which beat the Zacks Consensus Estimate of $5.12 by a margin of 9%. The bottom-line figure marked a 14% year-over-year improvement.Favorable price realization and manufacturing costs, largely reflecting lower freight and improved performance in the Energy & Transportation segment, mainly led to the improvement in CAT’s earnings for the quarter. Both the Construction Industries and Resource Industries segments e ...

Caterpillar (CAT) came out with quarterly earnings of $5.60 per share, beating the Zacks Consensus Estimate of $5.12 per share. This compares to earnings of $4.91 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 9.38%. A quarter ago, it was expected that this construction equipment company would post earnings of $4.76 per share when it actually produced earnings of $5.23, delivering a surprise of 9.87%.Over the last four quarte ...

Exhibit 99.1 Caterpillar Inc. 1Q 2024 Earnings Release FOR IMMEDIATE RELEASE Caterpillar Reports First-Quarter 2024 Results First Quarter ($ in billions except profit per 2024 2023 share) ● First-quarter 2024 profit per share of Sales and Revenues $15.8 $15.9 $5.75; adjusted profit per share of $5.60 ● Enterprise operating cash flow was $2.1 Profit Per Share $5.75 $3.74 billion in the first quarter of 2024 ● Deployed $5.1 billion of cash for share Adjusted Profit Per $5.60 $4.91 repurchases and dividends in ...