Company Performance - Caterpillar (CAT) stock closed at $393.62, reflecting a +1.45% increase from the previous day, outperforming the S&P 500's gain of 0.47% [1] - Over the last month, Caterpillar shares increased by 9.7%, surpassing the Industrial Products sector's gain of 5.71% and the S&P 500's gain of 3.48% [1] - The upcoming earnings report is expected to show an EPS of $5.36, down 2.9% year-over-year, with projected revenue of $16.34 billion, reflecting a 2.79% decline from the same quarter last year [1] Earnings Estimates - Full-year Zacks Consensus Estimates predict earnings of $21.91 per share and revenue of $65.53 billion, indicating year-over-year changes of +3.3% for earnings and -2.28% for revenue [2] - Recent analyst estimate revisions suggest a favorable outlook on Caterpillar's business health and profitability, which is correlated with near-term share price momentum [2] Valuation Metrics - Caterpillar has a Zacks Rank of 3 (Hold), with the Zacks Consensus EPS estimate having decreased by 0.03% in the past month [3] - The company is currently trading at a Forward P/E ratio of 17.71, which is a premium compared to the industry average Forward P/E of 10.02 [3] - The PEG ratio for Caterpillar stands at 1.81, while the average PEG ratio for Manufacturing - Construction and Mining stocks is 6.95 [3] Industry Overview - The Manufacturing - Construction and Mining industry is part of the Industrial Products sector and holds a Zacks Industry Rank of 209, placing it in the bottom 18% of over 250 industries [4] - The Zacks Industry Rank measures the strength of industry groups, indicating that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [4]

IRVING, Texas, Oct. 16, 2024 /PRNewswire/ -- Caterpillar Inc. (NYSE: CAT) will release third-quarter 2024 financial results at 5:30 a.m. CDT on Wednesday, Oct. 30. The full text of the release will be available at investors.caterpillar.com/financials/quarterly-results and on PR Newswire. The release will be furnished to the U.S. Securities and Exchange Commission (SEC) via a Current Report on Form 8-K in compliance with applicable SEC rules.Teleconference and webcast access:A real-time, listen-only teleconf ...

STOCK RISES 1.7% Caterpillar Inc. CAT today experienced a Power Inflow, a significant event for those who follow where smart money goes and value order flow analytics in their trading decisions. Today, at 10:19 AM on October 14th, a significant trading signal occurred for Caterpillar, Inc. as it demonstrated a Power Inflow at a price of $388.65. This indicator is crucial for traders who want to know directionally where institutions and so-called "smart money" moves in the market. They see the value of utili ...

Key Takeaways Caterpillar shares fell Monday as Morgan Stanley analysts downgraded the stock and lowered their price target. The analysts pointed to "bloated channel inventories that now need to be de-stocked." The downgrade comes after Caterpillar shares hit an all-time high last month after the Chinese government announced stimulus measures. Shares of Caterpillar (CAT) slid 2% Monday as analysts at Morgan Stanley downgraded the stock and lowered their price target, citing pressure on the company's constru ...

Stocks hit fresh highs on light volume as a quiet economic calendar and a three-day weekend for the bond market focused market participants' attention on what is forecast to be a strong quarter for corporate profit growth.Markets continued to power higher Monday, boosted by a strong start to the financial sector's reporting period. Late last week, JPMorgan Chase (JPM), the nation's biggest bank by assets, posted a better-than-expected increase in net interest income (NII) and lifted its forecast for the cri ...

Shares of construction-equipment maker Caterpillar Inc. (NYSE:CAT) are 3.5% lower at $387.97 this morning, after suffering a bear note from Morgan Stanley. The Wall Street analyst downgraded CAT to "underweight" from "equal weight" and lowered its price target to $332 from $349, citing mounting pressure on the firm's construction industries segment and the equity's negative risk-reward profile.Coming into today, analysts were divided on Caterpillar stock. Of the 21 in coverage, eight still carried a "buy" o ...

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.TD Cowen analyst Jason Seidl downgraded the rating for Expeditors International of Washington, Inc. EXPD from Hold to Sell and lowered the price target from $112 to $106. Expeditors shares gained 1.4% to close at $123.02 on Friday. See how other analysts view this stock.Morgan Stanley analyst Angel Castillo downgraded the ...

Earnings season is a time when analysts may update their rating and/or price target on a stock. Usually this happens the day of, or shortly after, a company reports earnings. An upgrade or a price target increase is generally bullish. However, when analysts upgrade a stock before an earnings report, investors should really take note. That’s the case for Caterpillar Inc. NYSE: CAT and Deere & Co. NYSE: DE. Both stocks received upgrades on October 9. Caterpillar received two price target increases. Citigroup ...

Here at Zacks, we offer our members many different opportunities to take full advantage of the stock market, as well as how to invest in ways that lead to long-term success.One of our most popular services, Zacks Premium offers daily updates of the Zacks Rank and Zacks Industry Rank; full access to the Zacks #1 Rank List; Equity Research reports; and Premium stock screens like the Earnings ESP filter. All are useful tools to find what stocks to buy, what to sell, and what are today's hottest industries.Also ...

Nazzic Keene to Join the BoardIRVING, Texas, Oct. 11, 2024 /PRNewswire/ -- Caterpillar Inc. (NYSE: CAT) today announced that Nazzic S. Keene, former chief executive officer of Science Applications International Corporation (SAIC), has been appointed to the Caterpillar board of directors, effective Nov. 1.  Keene will serve on Caterpillar's Nominating & Governance Committee and Compensation & Human Resources Committee."We are pleased to welcome a leader of such high caliber to our board," said Caterpillar Ch ...