High hopes for Caterpillar Q4 results?
Caterpillar is expected to report an improvement in both earnings and sales in the fourth quarter when it updates investors today.
Wall Street analysts are anticipating earnings of $4.75 per share, on revenue of $17.09 billion. A year ago, its EPS came in at $3.86, and revenue reached $16.6 billion. However, inflationary pressures have been putting Caterpillar's top and bottom line to the test while customers have reduced their spending. IGTV’s Angela Barnes has this preview.
(AI VIdeo Summary)
Caterpillar
Caterpillar, a giant company that makes heavy machinery, is about to announce how much money it earned in the last three months of the year. Experts think that both its profits and its sales will be better than they were this time last year. They believe that Caterpillar made around $4.75 for every share of its stock, and made a total of about $17.9 billion in sales.
Last year, during the same time period, the company only made $3.86 per share and $16.6 billion in sales. However, Caterpillar has been dealing with some challenges. Inflation has made it more expensive for the company to buy materials, meaning they have to spend more money. Customers have also been spending less money, which is not good for Caterpillar's business.
Caterpillar's challlenges
But, even with these challenges, Caterpillar has a good chance of making a lot of money. They have a large number of customers who have ordered their machinery, and the total value of these orders is over $28 billion. This means that Caterpillar should still make a good amount of money in the last three months of the year. However, because of rising costs for materials and shipping, Caterpillar hasn't been able to make as much money in recent months.
Caterpillar's stock
But, even with these challenges, Caterpillar's stock has been doing really well. Its stock price is at an all-time high, meaning many people want to buy it. Just in the last week, the price has gone up by 2.18%. This is really good news for the company. Overall, experts think that Caterpillar's financial report will show that it made more money and sold more things in the last three months of the year compared to the previous year. They believe that even though there were problems with inflation and customers spending less money, Caterpillar still did well. This is because of the large number of customer orders and the high price of its stock.
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