Caterpillar Inc. (CAT Quick QuoteCAT - Free Report) , 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!

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