Caterpillar Q3 Earnings Preview: Will Rising Rates Weigh Down A Constructive Report?
Portfolio Pulse from Surbhi Jain
Caterpillar (NYSE:CAT) is set to report its Q3 earnings on Oct. 31. Investors are keen to see if increased infrastructure spending and the transition to clean energy are impacting CAT's bottom line. The company stands to benefit from the Infrastructure Investment and Jobs Act and the Revitalize American Manufacturing and Secure Critical Supply Chains per the Biden-Harris Plan. Risks include rising interest rates, inflation concerns, and the volatile US PMI index. Wall Street analysts expect CAT to report $4.79 in EPS for the quarter and $16.56BN in revenue. The stock is currently trading at around $250/share, down ~9% over the past month.
October 25, 2023 | 7:55 pm
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NEUTRAL IMPACT
Caterpillar is set to report its Q3 earnings. The company could benefit from increased infrastructure spending and the transition to clean energy. However, rising interest rates and inflation pose risks.
Caterpillar's earnings could be positively impacted by increased infrastructure spending and the transition to clean energy. However, rising interest rates and inflation could pose risks to the company's financial performance.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Komatsu, a competitor of Caterpillar, was mentioned in the article but no specific news or updates were provided.
Komatsu was mentioned in the context of being a competitor to Caterpillar. However, no specific news or updates about Komatsu were provided in the article.
CONFIDENCE 100
IMPORTANCE 10
RELEVANCE 20