Is Wall Street Bullish or Bearish on Caterpillar Stock?

Core Insights - Caterpillar Inc. is the world's largest manufacturer of construction and mining equipment, with a market cap of $193.8 billion and operations across multiple segments [1] Financial Performance - Caterpillar's shares have increased by 43.2% over the past year, significantly outperforming the S&P 500 Index, which gained 14.1% [2] - Year-to-date, Caterpillar's stock has rallied by 56.6%, compared to the S&P 500's 16.4% gain [2] - The company also outperformed the Industrial Select Sector SPDR Fund, which saw a 7.7% increase over the past year [3] Recent Earnings Report - On October 29, Caterpillar's shares jumped over 11% following the release of its third-quarter earnings, which showed a 10% year-over-year revenue increase to $17.6 billion [4] - The revenue growth was driven by higher equipment volumes and strong demand in the Energy & Transportation segment, particularly for power-generation equipment [4] - Adjusted earnings were reported at $4.95, slightly lower than previous figures, with margins affected by higher manufacturing costs and tariffs [4] Future Outlook - For the fiscal year 2025, analysts project a 16.3% decline in adjusted EPS to $18.34 [5] - The company has a mixed earnings surprise history, missing estimates in two of the past four quarters while beating in the other two [5] - Among 23 analysts covering the stock, the consensus rating is a "Moderate Buy," with 12 "Strong Buy," 10 "Holds," and one "Moderate Sell" [5]