Preview: Caterpillar's Earnings
Portfolio Pulse from Benzinga Insights
Caterpillar (NYSE:CAT) is anticipated to release its quarterly earnings report on February 5, 2024, with an expected EPS of $4.75. Analysts and investors are keen on whether the company will surpass this estimate and provide positive guidance for the next quarter. Historically, Caterpillar has shown a pattern of beating EPS estimates, which often leads to a positive reaction in its stock price. The company's shares have seen a 21.53% increase over the last 52 weeks, indicating a bullish sentiment among long-term shareholders.
February 02, 2024 | 2:00 pm
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Caterpillar is expected to report an EPS of $4.75 for the upcoming quarter. Historical data shows positive stock movement following earnings beats. Shares have increased by 21.53% over the past year, indicating strong investor confidence.
Given Caterpillar's history of beating EPS estimates and the subsequent positive stock price reactions, there is a high likelihood of a positive short-term impact on CAT's stock price if the company beats the EPS estimate again and provides optimistic future guidance. The 21.53% year-over-year stock increase further supports the bullish sentiment among investors, suggesting a continuation of this trend if the earnings report is favorable.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100