Caterpillar Beats EPS, Misses on Revenue
(NYSE:CAT), a global leader in construction and mining equipment manufacturing, reported mixed fourth-quarter 2024 earnings on Thursday, Jan. 30. While adjusted earnings per share (EPS) of $5.14 beat analysts' consensus expectations of $5.02, the company faced challenges as revenue of $16.2 billion fell short of the forecasted $16.61 billion.
Despite these ongoing revenue struggles, Caterpillar managed to deliver a solid quarter, showcasing its operational resilience through efficient cost strategies.
Source: Caterpillar. Note: Analyst consensus estimates for the quarter provided by FactSet. YOY = Year over year.
Source Fool.com
Caterpillar Inc. Stock
€341.00
0.890%
Currently there is a rather positive sentiment for Caterpillar Inc. with 30 Buy predictions and 6 Sell predictions.
With a target price of 377 € there is a slightly positive potential of 10.56% for Caterpillar Inc. compared to the current price of 341.0 €.
