Key PointsCaterpillar hit a peak and may correct to lower levels, but this is a buy-the-dip opportunity. Strength in critical segments and end-market normalization in others sets the business up for growth later in the year.Analysts favor the stock and support the price action; the new high target was set after the release and would be a new all-time high. 5 stocks we like better than CaterpillarCaterpillar NYSE: CAT stock surged more than 5% following its Q4 release, extending the 2023 rally to 100% and th ...

Caterpillar Inc. (CAT) reported adjusted earnings per share of $5.23 in the fourth quarter of 2023, which beat the Zacks Consensus Estimate of $4.75 by a margin of 10%. The bottom-line figure marked a 35.5% year-over-year improvement.Favorable price realization and manufacturing costs, largely reflecting lower freight and improved performance in the Energy & Transportation segments, mainly led to the improvement in CAT’s earnings for the quarter. While the Construction Industries segment reported higher sal ...

Caterpillar Inc. (NYSE:CAT) Q4 2023 Earnings Call Transcript February 5, 2024 8:30 AM ET Company Participants Ryan Fiedler - VP of IR Jim Umpleby - Chairman and CEO Andrew Bonfield - CFO Conference Call Participants Rob Wertheimer - Melius Research Michael Feniger - Bank of America Tami Zakaria - JPMorgan David Raso - Evercore ISI Nicole DeBlase - Deutsche Bank Mig Dobre - Baird Jerry Revich - Goldman Sachs Angel Castillo - Morgan Stanley Chad Dillard - Bernstein Steve Volkmann - Jefferies Kristen Owen - Op ...

Key TakeawaysCaterpillar reported fourth-quarter adjusted earnings per share of $5.23, well ahead of Wall Street's expectations for $4.75.Revenue in the quarter increased 3% to $17.1 billion, led by a 12% increase in the company's energy and transportation business.The company expects Q1 revenue to be broadly similar to what was posted in the first three months of 2023.Company shares rose as high as $334.87 early Monday, an all-time intraday high.Shares in Caterpillar (CAT) hit fresh all-time highs in early ...

We enter a new week with the feeling that something like a storm has just passed: the last week of trading brought us a slew of monthly and weekly jobs numbers, as well as a majority on the “Magnificent 7” stocks having reported quarterly earnings. (For a little perspective here, Zacks Director of Research Sheraz Mian recently commented that without the “Mag 7,” calendar Q4 earnings growth would be negative thus far. And this is with only six of these seven companies having yet reported; NVIDIA [(NVDA) ] is ...

Caterpillar (CAT 1.26%) delivered another strong quarter and raised its margin and free-cash-flow targets for the new year. Investors were happy to see Cat purring along during what has been a shaky environment for some industrial companies, and sent the company's shares up by about 5% at the open on Monday.Profits soar as Cat holds steady in a tough environmentCaterpillar makes giant machines used in construction and mining. It is a well-run business, but it is reliant on end markets that tend to be cyclic ...

For the quarter ended December 2023, Caterpillar (CAT) reported revenue of $17.07 billion, up 2.9% over the same period last year. EPS came in at $5.23, compared to $3.86 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $17.15 billion, representing a surprise of -0.45%. The company delivered an EPS surprise of +9.87%, with the consensus EPS estimate being $4.76.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how ...

About this content About Josh Lamb After graduating from the University of Kent in the summer of 2022 with a degree in History, Josh joined Proactive later that year as a journalist in the UK editorial team. Josh has reported on a range of areas whilst at Proactive, including energy companies during a time of global crisis, aviation and airlines as the sector recovers from the pandemic, as well as covering economic, social and governance issues. Read more About the publisher Proactive financial news and ...

Fourth Quarter and Full Year 2023 Financial Review 4Q 2023 EARNINGS RELEASE Forward-Looking Statements Certain statements in this financial review relate to future events and expectations and are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “believe,” “estimate,” “will be,” “will,” “would,” “expect,” “anticipate,” “plan,” “forecast,” “target,” “guide,” “project,” “intend,” “could,” “should” or other similar words or expressions often id ...

Caterpillar (CAT) came out with quarterly earnings of $5.23 per share, beating the Zacks Consensus Estimate of $4.76 per share. This compares to earnings of $3.86 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 9.87%. A quarter ago, it was expected that this construction equipment company would post earnings of $4.75 per share when it actually produced earnings of $5.52, delivering a surprise of 16.21%.Over the last four quart ...