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Caterpillar (CAT) Stock Moves -0.49%: What You Should Know
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Caterpillar (CAT - Free Report) closed the most recent trading day at $133.71, moving -0.49% from the previous trading session. This change was narrower than the S&P 500's 0.95% loss on the day. Meanwhile, the Dow lost 0.67%, and the Nasdaq, a tech-heavy index, lost 1.51%.
Heading into today, shares of the construction equipment company had gained 9.33% over the past month, outpacing the Industrial Products sector's gain of 5.99% and the S&P 500's gain of 4.32% in that time.
Investors will be hoping for strength from CAT as it approaches its next earnings release. On that day, CAT is projected to report earnings of $3.12 per share, which would represent year-over-year growth of 5.05%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $14.52 billion, up 3.63% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $12.25 per share and revenue of $57.09 billion, which would represent changes of +9.18% and +4.32%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for CAT. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. CAT currently has a Zacks Rank of #3 (Hold).
Investors should also note CAT's current valuation metrics, including its Forward P/E ratio of 10.97. This represents a premium compared to its industry's average Forward P/E of 10.63.
Meanwhile, CAT's PEG ratio is currently 0.91. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Manufacturing - Construction and Mining industry currently had an average PEG ratio of 1.06 as of yesterday's close.
The Manufacturing - Construction and Mining industry is part of the Industrial Products sector. This group has a Zacks Industry Rank of 55, putting it in the top 22% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow CAT in the coming trading sessions, be sure to utilize Zacks.com.
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Caterpillar (CAT) Stock Moves -0.49%: What You Should Know
Caterpillar (CAT - Free Report) closed the most recent trading day at $133.71, moving -0.49% from the previous trading session. This change was narrower than the S&P 500's 0.95% loss on the day. Meanwhile, the Dow lost 0.67%, and the Nasdaq, a tech-heavy index, lost 1.51%.
Heading into today, shares of the construction equipment company had gained 9.33% over the past month, outpacing the Industrial Products sector's gain of 5.99% and the S&P 500's gain of 4.32% in that time.
Investors will be hoping for strength from CAT as it approaches its next earnings release. On that day, CAT is projected to report earnings of $3.12 per share, which would represent year-over-year growth of 5.05%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $14.52 billion, up 3.63% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $12.25 per share and revenue of $57.09 billion, which would represent changes of +9.18% and +4.32%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for CAT. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. CAT currently has a Zacks Rank of #3 (Hold).
Investors should also note CAT's current valuation metrics, including its Forward P/E ratio of 10.97. This represents a premium compared to its industry's average Forward P/E of 10.63.
Meanwhile, CAT's PEG ratio is currently 0.91. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Manufacturing - Construction and Mining industry currently had an average PEG ratio of 1.06 as of yesterday's close.
The Manufacturing - Construction and Mining industry is part of the Industrial Products sector. This group has a Zacks Industry Rank of 55, putting it in the top 22% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow CAT in the coming trading sessions, be sure to utilize Zacks.com.