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With a market cap of $191.1 billion, Irving, Texas-based Caterpillar Inc. (CAT) manufactures and sells construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives in the United States and internationally.
CAT is scheduled to report its Q2 earnings on Tuesday, August 5. Ahead of this event, analysts expect the company to report a profit of $4.89 per share, down 18.4% from $5.99 per share in the year-ago quarter. The company has surpassed Wall Street's bottom-line estimates in two of the past four quarters, while missing on two other occasions.
For fiscal 2025, analysts expect CAT to report an EPS of $18.80, down 14.2% year over year from a profit per share of $21.90 in fiscal 2024. However, in FY2026, the company’s EPS is expected to rebound, increasing 13.7% annually to $21.37.
CAT stock has grown 17% over the past 52 weeks, underperforming the Industrial Select Sector SPDR Fund’s (XLI) 19.8% surge but outperforming the S&P 500 Index’s ($SPX) 10.9% uptick during the same time frame.
On Apr. 30, CAT shares closed up marginally after reporting its Q1 results. The construction equipment company posted revenue of $14.25 billion in the period, missing Street forecasts. Additionally, the company’s adjusted EPS for the quarter amounted to $4.25 and failed to touch the consensus estimates by 1.2%.
Wall Street analysts are moderately bullish about CAT’s stock, with a "Moderate Buy" rating overall. Among 22 analysts covering the stock, 11 recommend "Strong Buy," one suggests a “Moderate Buy,” and ten suggest a “Hold.” While CAT currently trades above its mean price target of $387.50, the Street-high target of $500 indicates a potential upswing of 23.6% from the current market price.
On the date of publication, Kritika Sarmah did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
