Should You Buy, Hold or Sell Caterpillar Stock After Q3 Earnings? [Yahoo! Finance]
Caterpillar, Inc. (CAT)
Last caterpillar, inc. earnings: 4/28 06:30 am
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US:NYSE Investor Relations:
caterpillar.com/en/investors.html
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Source: Yahoo! Finance
This ended CAT's stint of improved earnings for 14 straight quarters, which showed the company's resilience through challenges during these quarters, including the pandemic, supply-chain disruptions and slowdown in manufacturing. Caterpillar expects 2024 revenue to be below its August forecast, which said that full-year revenues would be “slightly lower” than that reported in 2023. CAT, however, maintained the adjusted operating profit margin above its target range. CAT shares have dipped 2% since the earnings release on Oct. 30, leaving investors weighing whether to increase their stake or hold on to their current investments. Let us delve deeper into the third-quarter results and evaluate the stock's fundamentals. CAT's revenues declined 4% year over year to $16.1 billion, as favorable price realization was offset by an overall decline in volumes (dragged down by the Construction Industries and Resource Industries segments). Earnings per share was $5.17, 6% lower than the year
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CAT
Earnings
- 10/30/24 - Miss
CAT
Sec Filings
- 12/3/24 - Form 4
- 12/2/24 - Form 4
- 11/29/24 - Form 144
- CAT's page on the SEC website