Caterpillar to report Q2 earnings with revenue expected to rise 14.4%

Earnings

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Summary · why it matters

Caterpillar is set to report its second-quarter earnings this Tuesday morning. Analysts expect revenue to grow 14.4% year on year, a notable improvement from flat revenue in the same quarter last year. The company beat revenue expectations last quarter, reporting 17.42 billion dollars, up 22.2% year on year, along with an earnings per share beat. Peers in the heavy machinery segment have already reported mixed results, with Terex posting 50.5% revenue growth and Wabash seeing a 9.1% decline. Caterpillar shares are down 16.2% over the last month, heading into earnings with an average analyst price target of 958.83 dollars compared to the current share price of 814.21 dollars.

Caterpillar Inc ±

Terex Corporation ±

Wabash National Corporation ±

Impact on stocks 3

Industrials▲ · 2 stocks

Terex Corporation

± MixedDemandrelevance

Mentioned as peer with strong revenue growth, but no direct impact on Terex from this article.

Wabash National Corporation

± MixedDemandrelevance

Mentioned as peer with revenue decline, but no direct impact on Wabash from this article.

Energy Transition & Power Demand▲ · 1 stocks

Caterpillar Inc

± MixedCapitalrelevance

Earnings report upcoming; expectations and recent price target suggest potential upside but results unknown.