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Zacks Industry Outlook Caterpillar and Komatsu
ZACKS· 2024-11-13 07:55
For Immediate Release Chicago, IL – November 13, 2024 – Today, Zacks Equity Research Caterpillar Inc. (CAT) and Komatsu (KMTUY) . Industry: Construction and Mining Equipment Link: https://www.zacks.com/commentary/2369134/2-construction-mining-equipment-stocks-to-watch-despiteindustry-challenges The Zacks Manufacturing - Construction and Mining industry faces challenges due to the ongoing contraction in manufacturing activities and declining orders due to low customer spending. Elevated input costs pose conc ...
2 Construction & Mining Equipment Stocks to Watch Despite Industry Challenges
ZACKS· 2024-11-12 19:06
The Zacks Manufacturing - Construction and Mining industry faces challenges due to the ongoing contraction in manufacturing activities and declining 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) and Komatsu (KMTUY) are poised to benefit from these trends. These companies’ emphasis on introducing ...
Caterpillar Paves the Way for Future Technology Advancements with Launch of Autonomous Cat® 777 Off-Highway Truck at Luck Stone Quarry
Prnewswire· 2024-11-07 13:57
IRVING, Texas, Nov. 7, 2024 /PRNewswire/ -- Caterpillar Inc. (NYSE: CAT) today announced it has successfully demonstrated the fully autonomous operation of its Cat® 777 off-highway truck. The debut of this latest model of Cat® MineStar™ Command for hauling at Luck Stone's Bull Run plant in Chantilly, Va., marks a significant milestone in Caterpillar's objective to deliver an autonomous hauling solution for the quarry and aggregates sector.  Deployment of the fully autonomous Cat® 777 off-highway truck at ...
Caterpillar(CAT) - 2024 Q3 - Quarterly Report
2024-11-06 15:40
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-768 CATERPILLAR INC. (Exact name of registrant as specified in its charter) Delaware 37-0602744 (State or other jurisd ...
Should You Buy, Hold or Sell Caterpillar Stock After Q3 Earnings?
ZACKS· 2024-11-04 19:41
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 expects 2024 revenue to be below its August forecast, which said that full-year revenues would be "sli ...
Caterpillar Stock: Market Points to a Buying Opportunity
MarketBeat· 2024-10-31 12:45
Caterpillar Today CAT Caterpillar $379.24 -8.27 (-2.13%) 52-Week Range $223.76 ▼ $403.60 Dividend Yield 1.49% P/E Ratio 17.27 Price Target $355.50 Add to Watchlist 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. The capital return outlo ...
FIRST MINING SIGNS PROCESS AGREEMENT WITH CAT LAKE FIRST NATION AND LAC SEUL FIRST NATION SUPPORTING ANISHINAABE-LED IMPACT ASSESSMENT
Prnewswire· 2024-10-31 11:00
SIOUX LOOKOUT, ON, Oct. 31, 2024 /PRNewswire/ - First Mining Gold Corp. ("First Mining" or the "Company") (TSX: FF) (OTCQX: FFMGF) (FRANKFURT: FMG) is pleased to announce that it has entered into a Process Agreement with Cat Lake First Nation ("Cat Lake") and Lac Seul First Nation ("Lac Seul") which provides important capacity support for the implementation of a community-based Anishinaabe-Led Impact Assessment ("ALIA"). The Process Agreement represents a significant commitment for First Mining and provides ...
Caterpillar Q3: There Are More Pressing Issues Than The Earnings Miss
Seeking Alpha· 2024-10-30 18:26
Vladimir Dimitrov, CFA is a former strategy consultant within the field of brand and intangible assets valuation. During his career in the City of London he has been working with some of the largest global brands within the technology, telecom and banking sectors. Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. ...
Caterpillar Q3 Earnings & Revenues Miss Estimates on Low Volumes
ZACKS· 2024-10-30 17:40
Caterpillar Inc. (CAT) has reported third-quarter 2024 adjusted earnings per share of $5.17, which missed the Zacks Consensus Estimate of $5.33 by a margin of 3%. The bottom-line figure was 6% lower than the year-ago quarter. This marked an end to CAT's enviable stint of delivering improved earnings for 14 straight quarters. Improved results in the Energy & Transportation segment were offset by weaker volume performances at the Construction Industries and Resource Industries segments. The volume declines in ...
Caterpillar Sales Slide on Weak Industrial Demand
Investopedia· 2024-10-30 15:53
Key Takeaways Caterpillar missed third-quarter earnings and revenue forecasts on a pullback in demand from the industrial sector. Sales of construction and resource industries declined, but they were up at its Energy & Transportation division. Caterpillar warned full-year sales and revenue will be "slightly lower" than its previous guidance. Caterpillar (CAT) shares declined Wednesday when the construction equipment manufacturer posted worse-than-expected results and warned about the future on a slowdown in ...