Caterpillar, Inc. (NYSE:CAT) construction and mining equipment manufacturer, is reporting third quarter earnings results on Tuesday 27th October 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 1.12 per share.
For the full year, analysts predict revenues of $ 41615.10 million, while looking forward to income of $ 5.22 per share.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 8.50 ~ $ 10.00 per share
Click Here For More Historical Outlooks Of Caterpillar, Inc.
Previous Quarter Performance
Caterpillar, Inc. revealed income for the second quarter of $ 1.03 per share, from the revenue of $ 9,997.00 million. The quarterly earnings declined 63.60 percent while revenues declined 30.73 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.64 per share from $ 9376.53 million in revenue. The bottom line results beat street analysts by $ 0.39 or 60.94 percent, at the same time, top line results outshined analysts by $ 620.47 million or 6.62 percent.
Stock Performance
Shares of Caterpillar, Inc. traded low $ -0.04 or -0.02 percent on Friday, reaching $ 168.59 with volume of 2.81 million shares. Caterpillar, Inc. has traded high as $ 170.65 and has cracked $ 167.56 on the downward trend
According to the previous trading day, closing price of $ 168.59, representing a 92.72 % increase from the 52 week low of $ 87.50 and a 1.54 % decrease over the 52 week high of $ 171.26.
The company has a market capital of $ 91.29 billion and is part of the Industrials sector and Farm & Construction Equipment industry.
Recent Analyst recommendations
- On 16th October 2020, upgraded by Wells Fargo & Co to Overweight from Equal-Weight rating
- On 12th October 2020, maintained by Morgan Stanley at Underweight rating, with $ 120.00 target price.
- On 15th September 2020, maintained by Wells Fargo & Co at Equal-Weight rating, with $ 160.00 target price.
- On 9th September 2020, maintained by Morgan Stanley at Underweight rating, with $ 111.00 target price.
Conference Call
Caterpillar, Inc. will be hosting a conference call at 8:30 AM eastern time on 27th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.caterpillar.com
Caterpillar Inc. manufactures and sells construction and mining equipment, diesel and natural gas engines, and industrial gas turbines. Its Construction Industries segment offers asphalt pavers, compactors, cold planers, feller bunchers, harvesters, motorgraders, pipelayers, road reclaimers, skidders, telehandlers, and utility vehicles; backhoe, knuckleboom, compact track, multi-terrain, skid steer, and track-type loaders; forestry and wheel excavators; and site prep and track-type tractors.
