Caterpillar (CAT) Q1 Earnings & Revenues Beat Estimates
Caterpillar Inc. CAT, the world’s leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives, reported first-quarter 2019 results, wherein adjusted earnings of $2.94 surpassed the Zacks Consensus Estimate of $2.84 by a margin of 4%.
Revenue: Caterpillar posted revenues of $13.5 billion, ahead of the Zacks Consensus Estimate of $13.4 billion.
Earnings Estimates Revision: The Zacks Consensus Estimate for the first quarter has edged down 1% over the past 30 days. In the trailing four quarters, excluding quarter under review, the company’s earnings have surpassed the Zacks Consensus Estimate by an average of 7.98%.
Caterpillar Inc. Price and EPS Surprise
Caterpillar Inc. price-eps-surprise | Caterpillar Inc. Quote
Outlook: For 2019, Caterpillar expects earnings per share to range between $12.06 and $13.06, up from the prior range of $11.75 to $12.75.
Zacks Rank: Currently, Caterpillar carries a Zacks Rank #3 (Hold) which is subject to change following the earnings announcement. You can see the complete list of today’s Zacks #1 Rank stocks here.
Market Reaction: Caterpillar shares dipped 2.13% in pre-market trading. It would be interesting to see how the market reacts to the results during the trading session today.
Check back later for our full write up on Caterpillar’s earnings report!
Will you retire a millionaire?
One out of every six people retires a multimillionaire. Get smart tips you can do today to become one of them in a new Special Report, “7 Things You Can Do Now to Retire a Multimillionaire.”
Click to get it free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Caterpillar Inc. (CAT) : Free Stock Analysis Report
To read this article on Zacks.com click here.
