Caterpillar Inc. (
CAT - 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 2018 results, wherein adjusted earnings of $2.82 surpassed the Zacks Consensus Estimate of $2.11 by a margin of 34%.
Revenue: Caterpillar posted revenues of $12.9 billion, handily beating the Zacks Consensus Estimate of $11.6 billion.
Earnings Estimates Revision: The Zacks Consensus Estimate for the first quarter has gone up 2% 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 nearly 52%.
Caterpillar Inc. Price and EPS Surprise
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Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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