Caterpillar (NYSE: CAT) has announced that it will be unveiling its third quarter financial results on Wednesday 30th October 2024. This eagerly anticipated announcement is scheduled to occur before market open, ensuring that investors and analysts have the opportunity to gain valuable insights into the company's performance during the quarter.
It appears that the business is on the verge of revealing their estimated $5.34 profit per share for the quarter, as well as their total revenue of $16.08 billion for this specific period, according to financial experts on Wall Street.
The per-share income of $5.52 was highlighted in the company's earnings report for the same quarter of the prior year. This notable figure was achieved due to the company's impressive total revenue of $16.81 billion recorded during that specific period.
Wall Street analysts have offered their forecasts for the company's yearly performance, predicting a total revenue of $65.01 billion. Additionally, they are expecting the company to report profit of $22.09 per share for the fiscal year 2024.
| Period | EPS Actual |
EPS Growth* |
Revenue Actual |
Revenue Growth* |
|---|---|---|---|---|
| Historical Earnings Insight | ||||
| Q2 2024 | $5.99 | +7.9% | 16.69 B | -3.6% |
| Q1 2024 | $5.60 | +14.1% | 15.80 B | -0.4% |
| Q4 2023 | $5.23 | +35.5% | 17.07 B | +2.8% |
| Q3 2023 | $5.52 | +39.7% | 16.81 B | +12.1% |
| Q2 2023 | $5.55 | +74.5% | 17.32 B | +21.6% |
| *Growth on year-over-year basis | ||||
The business has scheduled a conference call on 30th October 2024 at 08:30 AM eastern time to discuss Q3 financial results.
The previous trading day saw Caterpillar (CAT) shares trading between $387.37 and $391.57, besides a volume of 3.21 million shares. The stock closed Monday's regular trading session at $390.61, reflecting 1.20 percent upturn.
