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
€674.80
-0.060%
Our community is currently high on Caterpillar Inc. with 54 Buy predictions and 5 Sell predictions.
However, we have a potential of -0.56% for Caterpillar Inc. as the target price of 671 € is below the current price of 674.8 €.
