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Benzinga
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Caterpillar Gears Up For Q4 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

1. Caterpillar's Q4 earnings expected at $5.03, down from $5.23 year-over-year. 2. Projected revenue for the quarter is $16.53 billion, lower than last year's $17.07 billion. 3. Cheryl H. Johnson, CHRO, will retire on April 30, 2025, impacting management. 4. Analysts' ratings vary; UBS maintains Sell, while others hold Buy ratings with lowered targets. 5. Caterpillar shares gained 0.8% recently, closing at $393.23.

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FAQ

Why Bearish?

Earnings and revenue projections indicate a decline, which is concerning. Past instances of similar earnings reports led to stock declines.

How important is it?

Disappointing earnings expectations can significantly affect stock performance. Analysts' ratings also influence investor sentiment.

Why Short Term?

Immediate focus on upcoming earnings report will influence stock price. Past earnings reports have shown short-term volatility for Caterpillar.

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