Caterpillar Likely To Report Higher Q4 Earnings; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
Portfolio Pulse from Avi Kapoor
Caterpillar Inc. (NYSE:CAT) is anticipated to report higher Q4 earnings on Feb. 5, 2024, with expected earnings of $4.75 per share and revenue of $17.11 billion, up from the previous year. The company has also signed an agreement with CRH for zero-exhaust emissions solutions deployment. Shares rose 2.4% recently. Analysts from Stifel, Tigress Financial, Goldman Sachs, JP Morgan, and TD Cowen have provided various ratings and price target adjustments.
February 05, 2024 | 5:51 am
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Caterpillar Inc. is expected to report higher Q4 earnings with a positive revenue outlook and has signed a significant agreement with CRH, indicating strong future prospects.
The expected increase in Q4 earnings and revenue, along with a strategic partnership for zero-exhaust emissions solutions, suggests a positive short-term impact on CAT's stock price. The recent rise in shares and favorable analyst ratings further support this outlook.
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IMPORTANCE 90
RELEVANCE 100