Caterpillar (CAT - Free Report) closed at $124.47 in the latest trading session, marking a -1.81% move from the prior day. This change was narrower than the S&P 500's daily loss of 2.08%. At the same time, the Dow lost 2.11%, and the tech-heavy Nasdaq lost 2.27%.
Coming into today, shares of the construction equipment company had lost 2.05% in the past month. In that same time, the Industrial Products sector lost 4.83%, while the S&P 500 lost 3.6%.
CAT will be looking to display strength as it nears its next earnings release, which is expected to be January 24, 2019. In that report, analysts expect CAT to post earnings of $2.98 per share. This would mark year-over-year growth of 37.96%. Our most recent consensus estimate is calling for quarterly revenue of $14.26 billion, up 10.56% from the year-ago period.
CAT's full-year Zacks Consensus Estimates are calling for earnings of $11.64 per share and revenue of $54.42 billion. These results would represent year-over-year changes of +69.19% and +19.7%, respectively.
Investors should also note any recent changes to analyst estimates for CAT. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. CAT is currently sporting a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that CAT has a Forward P/E ratio of 10.89 right now. This valuation marks a premium compared to its industry's average Forward P/E of 10.76.
Meanwhile, CAT's PEG ratio is currently 0.53. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. CAT's industry had an average PEG ratio of 0.69 as of yesterday's close.
The Manufacturing - Construction and Mining industry is part of the Industrial Products sector. This industry currently has a Zacks Industry Rank of 233, which puts it in the bottom 9% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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 >>
Caterpillar (CAT - Free Report) closed at $124.47 in the latest trading session, marking a -1.81% move from the prior day. This change was narrower than the S&P 500's daily loss of 2.08%. At the same time, the Dow lost 2.11%, and the tech-heavy Nasdaq lost 2.27%.
Coming into today, shares of the construction equipment company had lost 2.05% in the past month. In that same time, the Industrial Products sector lost 4.83%, while the S&P 500 lost 3.6%.
CAT will be looking to display strength as it nears its next earnings release, which is expected to be January 24, 2019. In that report, analysts expect CAT to post earnings of $2.98 per share. This would mark year-over-year growth of 37.96%. Our most recent consensus estimate is calling for quarterly revenue of $14.26 billion, up 10.56% from the year-ago period.
CAT's full-year Zacks Consensus Estimates are calling for earnings of $11.64 per share and revenue of $54.42 billion. These results would represent year-over-year changes of +69.19% and +19.7%, respectively.
Investors should also note any recent changes to analyst estimates for CAT. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. CAT is currently sporting a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that CAT has a Forward P/E ratio of 10.89 right now. This valuation marks a premium compared to its industry's average Forward P/E of 10.76.
Meanwhile, CAT's PEG ratio is currently 0.53. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. CAT's industry had an average PEG ratio of 0.69 as of yesterday's close.
The Manufacturing - Construction and Mining industry is part of the Industrial Products sector. This industry currently has a Zacks Industry Rank of 233, which puts it in the bottom 9% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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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