Caterpillar (CAT) Q3 Earnings and Revenues Surpass Estimates

Core Insights - Caterpillar (CAT) reported quarterly earnings of $4.95 per share, exceeding the Zacks Consensus Estimate of $4.52 per share, but down from $5.17 per share a year ago, representing an earnings surprise of +9.51% [1] - The company achieved revenues of $17.64 billion for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 5.33% and up from $16.11 billion year-over-year [2] - Caterpillar shares have increased by approximately 44.6% since the beginning of the year, significantly outperforming the S&P 500's gain of 17.2% [3] Earnings Outlook - The future performance of Caterpillar's stock will largely depend on management's commentary during the earnings call and the company's earnings outlook [4] - The current consensus EPS estimate for the upcoming quarter is $4.34 on revenues of $17.34 billion, and for the current fiscal year, it is $17.83 on revenues of $64.88 billion [7] Industry Context - The Manufacturing - Construction and Mining industry, to which Caterpillar belongs, is currently ranked in the top 39% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]