{"id":42593,"date":"2023-07-31T11:02:25","date_gmt":"2023-07-31T15:02:25","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/earnings-beat-in-the-cards-for-caterpillar-stock\/"},"modified":"2023-07-31T11:02:27","modified_gmt":"2023-07-31T15:02:27","slug":"earnings-beat-in-the-cards-for-caterpillar-stock","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=42593","title":{"rendered":"Earnings Beat In The Cards For Caterpillar Stock?"},"content":{"rendered":"<div>\n<p><strong data-ga-track=\"ExternalLink:https:\/\/www.trefis.com\/data\/companies\/CAT\/\">Caterpillar (NYSE: CAT)<\/strong> will report its Q2 2023 results on Tuesday, Aug 1. We expect the company\u2019s revenues to come in at $16.8 billion, above the consensus estimate of $16.5 billion. This would mark year-over-year growth of about 18%. Earnings will likely come in at about $4.72 on a per-share and adjusted basis, comfortably above the $4.58 consensus estimate. See our interactive dashboard analysis on<strong> <\/strong><strong data-ga-track=\"ExternalLink:https:\/\/www.trefis.com\/data\/companies\/CAT\/no-login-required\/tCV1zF7f\/Caterpillar-CAT-Earnings-Preview-CAT-Stock-Likely-To-Trade-Higher-Due-To-Strong-FY-2023Q2-Results-With-Revenues-And-Earnings-Beating-Expectations?fromforbesandarticle=trefis230731\">Caterpillar\u2019s Earnings Preview<\/strong> for more details on how the company\u2019s revenues and earnings will likely stand for the quarter. So, what are some of the trends that are likely to drive Caterpillar\u2019s<fbs-ticker data-name=\"CAT\" data-href=\"https:\/\/www.forbes.com\/companies\/caterpillar\" data-type=\"stock\"><br \/>\n  CAT<br \/>\n <\/fbs-ticker> results?<\/p>\n<p>The company will likely continue to benefit from a strong pricing environment and robust demand for resources and energy equipment. However, elevated costs and forex headwinds may weigh on the company\u2019s overall performance. Looking at Q1 2023, <strong data-ga-track=\"ExternalLink:https:\/\/www.trefis.com\/data\/companies\/CAT\/no-login-required\/eV1741lh\/Caterpillar-Revenue?fromforbesandarticle=trefis230731\">Caterpillar\u2019s revenues<\/strong> were up 17%, led by a 14% rise in price realization and about a 4% rise in total sales volume.<\/p>\n<p>Looking at the bottom line, Caterpillar reported $4.91 earnings per share on an adjusted basis in Q1, compared to a $2.88 figure in the prior-year quarter. The company\u2019s operating margin expanded 350 bps to 17.2% in Q2. With a robust demand outlook and strong pricing trends, Caterpillar will likely see its operating margin expand in the near term. Our <strong data-ga-track=\"ExternalLink:https:\/\/www.trefis.com\/data\/companies\/CAT\/no-login-required\/X87yAGM8\/Caterpillar-CAT-Operating-Income-Comparison?fromforbesandarticle=trefis230731\">Caterpillar\u2019s Operating Income Comparison<\/strong> dashboard has more details.<\/p>\n<p>Looking at CAT stock price, we believe that it is appropriately priced. We estimate <strong data-ga-track=\"ExternalLink:https:\/\/www.trefis.com\/data\/companies\/CAT\/no-login-required\/K3iF9peg\/Caterpillar-CAT-Valuation-Is-CAT-Stock-Expensive-Or-Cheap-?fromforbesandarticle=trefis230731\">Caterpillar\u2019s valuation<\/strong> to be $251 per share, slightly below its current price of $260. At its current levels, CAT stock is trading at a little over 14x its forward estimated earnings of $18.10 in 2023, marginally below its last three-year average of 15x, implying that the stock is fully valued. That said, if the company reports upbeat results and raises its 2023 outlook, the P\/E multiple will likely be revised upward, resulting in higher levels for CAT stock.<\/p>\n<p><fbs-ad position=\"inread\" progressive=\"\" ad-id=\"article-0-inread\" aria-hidden=\"true\" role=\"presentation\"><\/fbs-ad><\/p>\n<p>While CAT stock has little room for growth, it is helpful to see how <strong data-ga-track=\"ExternalLink:https:\/\/www.trefis.com\/data\/companies\/CAT\/topic\/peer-comparisons\">Caterpillar\u2019s Peers<\/strong> fare on metrics that matter. You will find other valuable comparisons for companies across industries at <strong data-ga-track=\"ExternalLink:https:\/\/www.trefis.com\/data\/topic\/peer-comparisons\">Peer Comparisons<\/strong><strong>.<\/strong><\/p>\n<p>Despite inflation rising and the Fed raising interest rates, CAT stock has risen 9% this year. But can it drop from here? See how low Caterpillar stock can go by comparing its decline in previous market crashes. Here is a performance summary of all stocks in previous market crashes.<\/p>\n<p>What if you\u2019re looking for a portfolio that aims for long-term growth? Here\u2019s a <strong data-ga-track=\"ExternalLink:https:\/\/www.trefis.com\/data\/companies\/PORTFOLIOS\/no-login-required\/wx9hwxU6\/Value-Portfolio-with-407-Return-Since-2016-vs-100-for-S-P-500?fromforbesandarticle=trefis230731\">value portfolio<\/strong> that\u2019s done much better than the market since 2016.<\/p>\n<p>Invest with <strong>Trefis <\/strong><strong data-ga-track=\"ExternalLink:https:\/\/dashboards.trefis.com\/data\/companies\/PORTFOLIOS\/no-login-required\/M7MacZNG?fromforbes\">Market Beating Portfolios<\/strong><\/p>\n<p>See all <strong>Trefis <\/strong><strong data-ga-track=\"ExternalLink:https:\/\/dashboards.trefis.com\/data\/price-estimates?fromforbes\">Price Estimates<\/strong><\/p>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.forbes.com\/sites\/greatspeculations\/2023\/07\/31\/earnings-beat-in-the-cards-for-caterpillar-stock\/\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Caterpillar (NYSE: CAT) will report its Q2 2023 results on Tuesday, Aug 1. We expect the company\u2019s revenues to come in at $16.8 billion, above the consensus estimate of $16.5 billion. This would mark year-over-year growth of about 18%. Earnings will likely come in at about $4.72 on a per-share and adjusted basis, comfortably above [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":42594,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[241],"tags":[83],"class_list":["post-42593","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-markets","tag-featured"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Earnings Beat In The Cards For Caterpillar Stock? | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Caterpillar (NYSE: CAT) will report its Q2 2023 results on Tuesday, Aug 1. 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