Caterpillar's Earnings: A Preview
Portfolio Pulse from Benzinga Insights
Caterpillar (NYSE:CAT) is set to release its latest quarterly earnings report on August 1, 2023. Analysts estimate an earnings per share (EPS) of $4.51. The company's past performance shows a pattern of beating EPS estimates, which has often led to an increase in share price. The stock is currently trading at $260.43, up 43.88% over the last 52-week period.
July 31, 2023 | 2:01 pm
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Caterpillar's upcoming earnings report could potentially impact its stock price. The company has a history of beating EPS estimates, which often leads to a share price increase. The stock is currently trading at $260.43, up 43.88% over the last 52-week period.
Caterpillar's stock price has often increased following an earnings report where the company beat EPS estimates. Given that analysts are predicting an EPS of $4.51 for the upcoming report, if Caterpillar beats this estimate, it could potentially lead to a short-term increase in the stock price.
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