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Caterpillar Likely To Report Higher Q4 Earnings; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

Published 05/02/2024, 05:51
Updated 05/02/2024, 07:10
© Reuters. Caterpillar Likely To Report Higher Q4 Earnings; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

Benzinga - by Avi Kapoor, Benzinga Staff Writer.

Caterpillar Inc. (NYSE: CAT) is expected to release earnings results for its fourth quarter, before the opening bell on Feb. 5, 2024.

Analysts expect the company to report quarterly earnings at $4.75 per share, up from year-ago earnings of $4.27 per share. The company is projected to report revenue of $17.11 billion, compared to $16.6 billion in the year-earlier quarter, according to data from Benzinga Pro.

Caterpillar recently signed an agreement with CRH to advance the deployment of Caterpillar's zero-exhaust emissions solutions.

Caterpillar shares rose 2.4% to close at $315.09 on Friday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

  • Stifel analyst Stanley Elliott maintained a Buy rating and raised the price target from $285 to $293 on Dec. 19, 2023. This analyst has an accuracy rate of 77%.
  • Tigress Financial analyst Ivan Feinseth maintained a Buy rating and increased the price target from $282 to $295 on Nov. 8, 2023. This analyst has an accuracy rate of 69%.
  • Goldman Sachs analyst Jerry Revich maintained a Buy rating and cut the price target from $315 to $274 on Nov. 1, 2023. This analyst has an accuracy rate of 76%.
  • JP Morgan analyst Tami Zakaria maintained an Overweight rating and increased the price target from $315 to $320 on Oct. 16, 2023. This analyst has an accuracy rate of 78%.
  • TD Cowen analyst Matt Elkott maintained an Outperform rating and raised the price target from $287 to $320 on Aug. 2, 2023. This analyst has an accuracy rate of 75%.
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Latest Ratings for CAT

Mar 2022Wells FargoInitiates Coverage OnEqual-Weight
Mar 2022JefferiesUpgradesHoldBuy
Feb 2022Tigress FinancialMaintainsBuy

View the Latest Analyst Ratings

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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