Caterpillar closed at $821.58, up 2.03% and outpacing the S&P 500's 0.51% gain, the Dow's 0.93% rise and the Nasdaq's 0.48% advance. Ahead of its upcoming earnings disclosure, Caterpillar is projected to report earnings of $6.95 per share, representing year-over-year growth of 40.4%, on revenue of $20.19 billion, a 14.47% increase. For the full fiscal year, the Zacks Consensus Estimates predict earnings of $27.37 per share and revenue of $79.37 billion, changes of +43.6% and +17.43% respectively. Over the past month the Zacks Consensus EPS estimate has shifted 0.86% upward, and Caterpillar currently carries a Zacks Rank of #2 (Buy). The stock trades at a Forward P/E ratio of 29.42, a premium to its industry's average of 17.24, and has a PEG ratio of 1.4 versus an industry average of 1.25.
Caterpillar IncCaterpillar is projected to report 40.4% YoY EPS growth and 14.47% revenue growth, with a Zacks Rank #2 (Buy) and upward-revised estimates.
