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Caterpillar Earnings Estimate

CAT Stock  USD 364.65  8.26  2.32%   
The next projected EPS of Caterpillar is estimated to be 5.08 with future projections ranging from a low of 4.42 to a high of 5.37. Caterpillar's most recent 12-month trailing earnings per share (EPS TTM) is at 20.14. Please be aware that the consensus of earnings estimates for Caterpillar is based on EPS before non-recurring items and includes expenses related to employee stock options.
 
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Caterpillar is projected to generate 5.08 in earnings per share on the 31st of March 2024. Caterpillar earnings estimates module stress-tests analyst consensus about projected Caterpillar EPS (Earning Per Share) to derive its highest and lowest estimates based on its historical volatility. Many public companies, such as Caterpillar, manage the perception of their earnings on a regular basis to make sure that analyst estimates are accurate. Future earnings calculations are also an essential input when attempting to value a firm. By analyzing Caterpillar's earnings estimates, investors can diagnose different trends across Caterpillar's analyst sentiment over time as well as compare current estimates against different timeframes. At this time, Caterpillar's Gross Profit is comparatively stable compared to the past year. Pretax Profit Margin is likely to gain to 0.20 in 2024, whereas Gross Profit Margin is likely to drop 0.22 in 2024.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Caterpillar. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.
For more information on how to buy Caterpillar Stock please use our How to Invest in Caterpillar guide.

Caterpillar Earnings Estimation Breakdown

The calculation of Caterpillar's earning per share is based on the data from the past 12 consecutive months, used for reporting the company's financial figures. The next projected EPS of Caterpillar is estimated to be 5.08 with the future projection ranging from a low of 4.42 to a high of 5.37. Please be aware that this consensus of annual earnings estimates for Caterpillar is based on EPS before non-recurring items and includes expenses related to employee stock options.
Last Reported EPS
5.23
4.42
Lowest
Expected EPS
5.08
5.37
Highest

Caterpillar Earnings Projection Consensus

Suppose the current estimates of Caterpillar's value are higher than the current market price of the Caterpillar stock. In this case, investors may conclude that Caterpillar is overpriced and will exhibit bullish sentiment. On the other hand, if the present value is lower than the stock price, analysts may conclude that the market undervalues the equity. These scenarios may suggest that the market is not as efficient as it should be at the estimation time, and Caterpillar's stock will quickly adjusts to the new information provided by the consensus estimate.
Number of AnalystsHistorical AccuracyLast Reported EPSEstimated EPS for 31st of March 2024Current EPS (TTM)
2486.56%
5.23
5.08
20.14

Caterpillar Earnings History

Earnings estimate consensus by Caterpillar analysts from Wall Street is used by the market to judge Caterpillar's stock performance. Investors also use these earnings estimates to evaluate and project the stock performance into the future in order to make their investment decisions. However, we recommend analyzing not only Caterpillar's upcoming profit reports and earnings-per-share forecasts but also comparing them to our different valuation methods.

Caterpillar Quarterly Gross Profit

5.77 Billion

At this time, Caterpillar's Retained Earnings are comparatively stable compared to the past year. Price Earnings Ratio is likely to gain to 15.34 in 2024, whereas Retained Earnings Total Equity is likely to drop slightly above 34 B in 2024. Common Stock Shares Outstanding is likely to gain to about 569.1 M in 2024. Net Income Applicable To Common Shares is likely to gain to about 8.1 B in 2024.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Caterpillar's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
328.19366.46367.81
Details
Intrinsic
Valuation
LowRealHigh
340.23341.58401.12
Details
Naive
Forecast
LowNextHigh
363.38364.72366.07
Details
31 Analysts
Consensus
LowTargetHigh
259.30284.95316.29
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Caterpillar. Your research has to be compared to or analyzed against Caterpillar's peers to derive any actionable benefits. When done correctly, Caterpillar's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Caterpillar. Note that many institutional investors and large investment bankers can move markets due to the volume of Caterpillar assets they manage. They also follow analysts to some degree and often drive overall investor sentiments towards Caterpillar. With so many stockholders watching consensus numbers, the difference between actual and projected earnings is one of the most critical factors driving Caterpillar's stock price in the short term.

Caterpillar Earnings per Share Projection vs Actual

Actual Earning per Share of Caterpillar refers to what the company shows during its earnings calls or quarterly reports. The Expected EPS is what analysts covering Caterpillar predict the company's earnings will be in the future. The higher the earnings per share of Caterpillar, the better is its profitability. While calculating the Earning per Share, we use the weighted ratio, as the number of shares outstanding can change over time.

Caterpillar Estimated Months Earnings per Share

For an investor who is primarily interested in generating an income out of investing in entities such as Caterpillar, the EPS ratio can tell if the company is intending to increase its current dividend. Although EPS is an essential tool for investors, it should not be used in isolation. EPS of Caterpillar should always be considered in relation to other companies to make a more educated investment decision.

Caterpillar Quarterly Analyst Estimates and Surprise Metrics

Earnings surprises can significantly impact Caterpillar's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
Reported
Fiscal Date
Estimated EPS
Reported EPS
Surprise
2024-02-05
2023-12-314.755.230.4810 
2023-10-31
2023-09-304.795.520.7315 
2023-08-01
2023-06-304.585.550.9721 
2023-04-27
2023-03-313.784.911.1329 
2023-01-31
2022-12-314.024.270.25
2022-10-27
2022-09-303.163.950.7925 
2022-08-02
2022-06-303.013.180.17
2022-04-28
2022-03-312.62.880.2810 
2022-01-28
2021-12-312.262.690.4319 
2021-10-28
2021-09-302.22.660.4620 
2021-07-30
2021-06-302.42.60.2
2021-04-29
2021-03-311.942.870.9347 
2021-01-29
2020-12-311.492.120.6342 
2020-10-27
2020-09-301.181.340.1613 
2020-07-31
2020-06-300.641.030.3960 
2020-04-28
2020-03-311.691.6-0.09
2020-01-31
2019-12-312.372.630.2610 
2019-10-23
2019-09-302.882.66-0.22
2019-07-24
2019-06-303.122.83-0.29
2019-04-24
2019-03-312.852.940.09
2019-01-28
2018-12-312.992.55-0.4414 
2018-10-23
2018-09-302.852.860.01
2018-07-30
2018-06-302.732.970.24
2018-04-24
2018-03-312.132.820.6932 
2018-01-25
2017-12-311.792.160.3720 
2017-10-24
2017-09-301.271.950.6853 
2017-07-25
2017-06-301.261.490.2318 
2017-04-25
2017-03-310.621.280.66106 
2017-01-26
2016-12-310.660.830.1725 
2016-10-25
2016-09-300.760.850.0911 
2016-07-26
2016-06-300.961.090.1313 
2016-04-22
2016-03-310.680.67-0.01
2016-01-28
2015-12-310.690.740.05
2015-10-22
2015-09-300.780.75-0.03
2015-07-23
2015-06-301.271.270.0
2015-04-23
2015-03-311.351.720.3727 
2015-01-27
2014-12-311.551.35-0.212 
2014-10-23
2014-09-301.361.720.3626 
2014-07-24
2014-06-301.521.690.1711 
2014-04-24
2014-03-311.241.610.3729 
2014-01-27
2013-12-311.281.580.323 
2013-10-23
2013-09-301.661.45-0.2112 
2013-07-24
2013-06-301.71.45-0.2514 
2013-04-22
2013-03-311.41.31-0.09
2013-01-28
2012-12-311.691.46-0.2313 
2012-10-22
2012-09-302.222.260.04
2012-07-25
2012-06-302.282.540.2611 
2012-04-25
2012-03-312.132.370.2411 
2012-01-26
2011-12-311.732.320.5934 
2011-10-24
2011-09-301.541.710.1711 
2011-07-22
2011-06-301.751.52-0.2313 
2011-04-29
2011-03-311.311.840.5340 
2011-01-27
2010-12-311.271.470.215 
2010-10-21
2010-09-301.091.220.1311 
2010-07-22
2010-06-300.850.990.1416 
2010-04-26
2010-03-310.390.36-0.03
2010-01-27
2009-12-310.280.410.1346 
2009-10-20
2009-09-300.060.640.58966 
2009-07-21
2009-06-300.220.720.5227 
2009-04-21
2009-03-310.040.390.35875 
2009-01-26
2008-12-311.291.08-0.2116 
2008-10-21
2008-09-301.411.39-0.02
2008-07-22
2008-06-301.541.740.212 
2008-04-18
2008-03-311.331.450.12
2008-01-25
2007-12-311.51.50.0
2007-10-19
2007-09-301.431.4-0.03
2007-07-20
2007-06-301.491.24-0.2516 
2007-04-20
2007-03-311.091.230.1412 
2007-01-26
2006-12-311.341.32-0.02
2006-10-20
2006-09-301.351.14-0.2115 
2006-07-21
2006-06-301.421.520.1
2006-04-24
2006-03-311.051.20.1514 
2006-01-26
2005-12-311.11.20.1
2005-10-21
2005-09-301.060.94-0.1211 
2005-07-21
2005-06-301.011.080.07
2005-04-20
2005-03-310.680.820.1420 
2005-01-27
2004-12-310.820.78-0.04
2004-10-21
2004-09-300.680.710.03
2004-07-22
2004-06-300.870.78-0.0910 
2004-04-22
2004-03-310.350.580.2365 
2004-01-27
2003-12-310.470.490.02
2003-10-16
2003-09-300.370.31-0.0616 
2003-07-17
2003-06-300.330.570.2472 
2003-04-16
2003-03-310.130.190.0646 
2003-01-23
2002-12-310.340.440.129 
2002-10-16
2002-09-300.280.310.0310 
2002-07-16
2002-06-300.360.29-0.0719 
2002-04-16
2002-03-310.120.120.0
2002-01-23
2001-12-310.380.380.0
2001-10-16
2001-09-300.310.3-0.01
2001-07-17
2001-06-300.350.390.0411 
2001-04-17
2001-03-310.250.24-0.01
2001-01-18
2000-12-310.330.380.0515 
2000-10-17
2000-09-300.290.310.02
2000-07-20
2000-06-300.430.450.02
2000-04-18
2000-03-310.290.370.0827 
2000-01-21
1999-12-310.320.340.02
1999-10-15
1999-09-300.30.310.01
1999-07-16
1999-06-300.40.39-0.01
1999-04-16
1999-03-310.210.290.0838 
1999-01-20
1998-12-310.420.420.0
1998-10-16
1998-09-300.50.46-0.04
1998-07-15
1998-06-300.620.61-0.01
1998-04-17
1998-03-310.550.570.02
1998-01-21
1997-12-310.560.60.04
1997-10-15
1997-09-300.460.520.0613 
1997-07-22
1997-06-300.550.570.02
1997-04-15
1997-03-310.430.520.0920 
1997-01-21
1996-12-310.470.50.03
1996-10-15
1996-09-300.350.40.0514 
1996-07-16
1996-06-300.410.490.0819 
1996-04-16
1996-03-310.370.380.01
1996-01-17
1995-12-310.310.380.0722 
1995-10-16
1995-09-300.260.270.01

About Caterpillar Earnings Estimate

The earnings estimate module is a useful tool to check what professional financial analysts are assuming about the future of Caterpillar earnings. We show available consensus EPS estimates for the upcoming years and quarters. Investors can also examine how these consensus opinions have evolved historically. We show current Caterpillar estimates, future projections, as well as estimates 1, 2, and three years ago. Investors can search for a specific entity to conduct investment planning and build diversified portfolios. Please note, earnings estimates provided by Macroaxis are the average expectations of expert analysts that we track. If a given stock such as Caterpillar fails to match professional earnings estimates, it usually performs purely. Wall Street refers to that as a 'negative surprise.' If a company 'beats' future estimates, it's usually called an 'upside surprise.'
Please read more on our stock advisor page.
Last ReportedProjected for 2024
Retained Earnings51.2 B53.8 B
Retained Earnings Total Equity50 B34 B
Price Earnings Ratio 14.61  15.34 
Price Earnings To Growth Ratio 0.25  0.26 

Caterpillar Investors Sentiment

The influence of Caterpillar's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Caterpillar. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Caterpillar's public news can be used to forecast risks associated with an investment in Caterpillar. The trend in average sentiment can be used to explain how an investor holding Caterpillar can time the market purely based on public headlines and social activities around Caterpillar. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Caterpillar's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Caterpillar's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Caterpillar's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Caterpillar.

Caterpillar Implied Volatility

    
  30.03  
Caterpillar's implied volatility exposes the market's sentiment of Caterpillar stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Caterpillar's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Caterpillar stock will not fluctuate a lot when Caterpillar's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Caterpillar in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Caterpillar's short interest history, or implied volatility extrapolated from Caterpillar options trading.

Pair Trading with Caterpillar

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Caterpillar position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Caterpillar will appreciate offsetting losses from the drop in the long position's value.

Moving against Caterpillar Stock

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The ability to find closely correlated positions to Caterpillar could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Caterpillar when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Caterpillar - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Caterpillar to buy it.
The correlation of Caterpillar is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Caterpillar moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Caterpillar moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Caterpillar can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Caterpillar is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Caterpillar Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Caterpillar Stock. Highlighted below are key reports to facilitate an investment decision about Caterpillar Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Caterpillar. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.
For more information on how to buy Caterpillar Stock please use our How to Invest in Caterpillar guide.
Note that the Caterpillar information on this page should be used as a complementary analysis to other Caterpillar's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.

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When running Caterpillar's price analysis, check to measure Caterpillar's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Caterpillar is operating at the current time. Most of Caterpillar's value examination focuses on studying past and present price action to predict the probability of Caterpillar's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Caterpillar's price. Additionally, you may evaluate how the addition of Caterpillar to your portfolios can decrease your overall portfolio volatility.
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Is Caterpillar's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Caterpillar. If investors know Caterpillar will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Caterpillar listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.893
Dividend Share
5.1
Earnings Share
20.14
Revenue Per Share
131.336
Quarterly Revenue Growth
0.029
The market value of Caterpillar is measured differently than its book value, which is the value of Caterpillar that is recorded on the company's balance sheet. Investors also form their own opinion of Caterpillar's value that differs from its market value or its book value, called intrinsic value, which is Caterpillar's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Caterpillar's market value can be influenced by many factors that don't directly affect Caterpillar's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Caterpillar's value and its price as these two are different measures arrived at by different means. Investors typically determine if Caterpillar is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Caterpillar's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.