Caterpillar Q4 Adj. EPS $5.23 Beats $4.75 Estimate, Sales $17.07B Miss $17.11B Estimate
Portfolio Pulse from Benzinga Newsdesk
Caterpillar Inc. (CAT) reported Q4 adjusted earnings per share (EPS) of $5.23, surpassing the analyst consensus estimate of $4.75 by 10.11%. This represents a 35.49% increase over the same period last year. However, Q4 sales of $17.07 billion slightly missed the consensus estimate of $17.11 billion by 0.23%, though it's a 2.85% increase from last year.
February 05, 2024 | 11:31 am
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Caterpillar Inc. (CAT) reported a strong Q4 earnings beat but a slight miss in sales estimates. EPS was $5.23, above the $4.75 estimate, with sales at $17.07B, slightly below the $17.11B estimate.
Caterpillar's significant beat on the EPS estimate, coupled with a modest year-over-year sales growth, suggests a strong operational performance. Despite the slight miss on sales estimates, the substantial EPS beat is likely to be viewed positively by investors, potentially leading to a short-term positive impact on CAT's stock price. The EPS beat indicates operational efficiency and profitability, which are key drivers of stock performance.
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