• Entertainment
  • Finance
  • Marketing
  • Real Estate
  • Technology
  • Social
National Journal Community Of e-Experts
Finance 0

An Early Preview Of Caterpillar’s (CAT) Q1 Earnings Outlook

By Kurt Osterberg · On April 15, 2018

Caterpillar CAT has seen its stock price sink more than 11% over the last 12 weeks. The construction and mining equipment power’s shares have tried to recover recently, but it might take strong first quarter financial results for CAT to get back on track amid the current market volatility.  

Caterpillar posted pretty substantial top and bottom line beats in the fourth quarter. The company’s adjusted earnings of $2.16 per share surpassed our Zacks Consensus Estimate of $1.77 per share by 22%. CAT’s Q4 revenues came in at $12.9 billion, well above our $11.9 billion estimate.

Despite these solid fourth quarter results, shares of Caterpillar closed Friday trading at $150.23 per share, far below the $169.37 per share they traded at directly following the release of Caterpillar’s Q4 results in January.

This might signal that Caterpillar’s recent downturn is based more on overall market trends than company specific worries, but many investors can’t afford to take that risk during this recent bearish stretch. Therefore, they should look for stocks that are poised to perform well during first quarter earnings season in order to try to avoid any further turmoil.

With that said, let’s check out Caterpillar’s upcoming first quarter estimates to see what might be in store.

Outlook & Valuation

Our current Zacks Consensus Estimates are calling for Caterpillar’s Q1 revenues to surge by 18.9% to reach $11.68 billion. Maybe more impressively for a company of its size, CAT’s first quarter earnings are projected to skyrocket by 62.5% to hit $2.08 per share.  

Meanwhile, Caterpillar has experienced mixed earnings estimate revision activity over the last 30 days, earning two upward revisions against one downward revision.

Investors should note that Caterpillar’s Most Accurate Estimate is $2.12 per share, which is 4 cents above our current consensus estimate. This means that estimates have come in higher as we inch closer to Caterpillar’s Q1 earnings.

Print Friendly, PDF & Email

Share Tweet

Kurt Osterberg

You Might Also Like

  • Finance

    Bored Ape Metaverse Launch Date set for April 30

  • Finance

    Celebrity Backed NFT Collections to Invest in 2022

  • Finance

    Bored Ape Metaverse Launch Date set for April 30

No Comments

Leave a reply Cancel reply

Top Finance

  • 3 Best Large-Cap Blend Mutual Funds For Enticing Returns 3 Best Large-Cap Blend Mutual Funds For Enticing Returns
  • Hedge Funds In The US Hedge Funds In The US
  • What is Value Chain Analysis? How to Deliver Value & Gain a Competitive Advantage What is Value Chain Analysis? How to Deliver Value & Gain a Competitive Advantage
  • 5 Ridiculously Useful Non-Monetary Reward Examples that Improve Employee Engagement 5 Ridiculously Useful Non-Monetary Reward Examples that Improve Employee Engagement
  • Chart: Amazon’s Dominance In Ecommerce Chart: Amazon’s Dominance In Ecommerce

New Posts

  • Bored Ape Metaverse Launch Date set for April 30

    Bored Ape Metaverse Launch Date set for April 30

    April 24, 2022
  • Celebrity Backed NFT Collections to Invest in 2022

    Celebrity Backed NFT Collections to Invest in 2022

    April 24, 2022
  • Bored Ape Metaverse Launch Date set for April 30

    Bored Ape Metaverse Launch Date set for April 30

    April 24, 2022
  • Mutant Ape Yacht Club Hits 32 ETH All Time High Price Floor

    Mutant Ape Yacht Club Hits 32 ETH All Time High Price Floor

    April 22, 2022
  • Rare CryptoPunk #7756 sells for $3.2 million (1050 ETH)

    Rare CryptoPunk #7756 sells for $3.2 million (1050 ETH)

    April 22, 2022
  • About
  • Contact Us
  • Privacy & Policy
  • Sitemap
  • Terms of use

Copyright © 2018-2021 NJCEE. All Rights Reserved.