Caterpillar has drawn heavy investor search interest on Zacks.com, with the construction equipment maker now carrying a Zacks Rank #2 (Buy) on upward earnings estimate revisions. Caterpillar is expected to post earnings of $6.95 per share for the current quarter, a year-over-year change of +40.4%, and the Zacks Consensus Estimate has moved +0.3% over the last 30 days. The consensus earnings estimate of $27.37 for the current fiscal year indicates a year-over-year change of +43.6% and has changed +1.5% over the last 30 days, while the next fiscal year's consensus estimate of $32.99 indicates a change of +20.5% and has changed +1.1% over the past month. On the revenue side, the consensus sales estimate for the current quarter of $20.19 billion indicates a year-over-year change of +14.5%, with current and next fiscal year estimates of $79.37 billion and $87.98 billion indicating +17.4% and +10.9% changes, respectively. In the last reported quarter, Caterpillar posted revenues of $20.54 billion, up 24% year over year, and EPS of $8.17 versus $4.72 a year ago, beating the Zacks Consensus Estimate of $19.31 billion by +6.37% on revenue and surprising by +30.72% on EPS, with the company topping consensus EPS and revenue estimates in each of the trailing four quarters. Caterpillar is graded D on the Zacks Value Style Score, indicating it trades at a premium to its peers.
Caterpillar IncCaterpillar earns Zacks Rank #2 (Buy) on upward earnings estimate revisions, with consensus EPS and revenue estimates rising.
