Q4 Preview: Caterpillar (CAT) Expected to Power Ahead
CAT Hot Sheet
Rating Summary:13 Buy, 2 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
Shares of Caterpillar Inc. (NYSE: CAT) are trading up nearly 2.34 percent Wednesday ahead of the release of its fourth-quarter results before the opening bell on Thursday.
The Wall Street consensus for Caterpillar Inc. is $1.73 per share in earnings on $16.05 billion in sales. During the fourth quarter of last year, the company reported earnings of $1.47 per share on $12.81 billion in total sales.
For the full year 2011, analysts on the Street are currently estimating $6.81 per share in earnings on $58.56 billion in total sales.
The fourth quarter conference call is scheduled for 10:00 am Central Time, although the results are expected to be available to the public around 6:30 am Central Time. Conference Call Number: 877-216-8554 (domestic); 973-528-0009 (international) Listen Only Entry Code: 5621
According to data from Bloomberg, shares of Caterpillar Inc. have 19 Buy ratings, seven Hold ratings and zero Sell ratings. The average price target on shares of CAT is $116 with a range from $100 to $135.
Analyst Comments:
JPMorgan remains bullish on shares of CAT ahead of the release with its Overweight rating and $112 price target. The firm believes Caterpillar is strongly positioned to see gains from recent positive trends in U.S. construction and global growth over the long-term in emerging economies.
An analyst at JPMorgan comments, "In our view, CAT is uniquely positioned to benefit from both of these trends. Additionally, favorable pricing and lower input costs may be a tailwind in 2012. We estimate that CAT's EPS could benefit by $0.27, or ~2.9%, given favorable movements in the prices of commodities such as steel, aluminum, and copper."
For the quarter, the firm forecasts earnings of $1.70 per share, slightly below the Street's consensus.
Discover Wall Street's best ratings calls with the pros - Ratings Insider Elite. Free Trial!
The Wall Street consensus for Caterpillar Inc. is $1.73 per share in earnings on $16.05 billion in sales. During the fourth quarter of last year, the company reported earnings of $1.47 per share on $12.81 billion in total sales.
For the full year 2011, analysts on the Street are currently estimating $6.81 per share in earnings on $58.56 billion in total sales.
The fourth quarter conference call is scheduled for 10:00 am Central Time, although the results are expected to be available to the public around 6:30 am Central Time. Conference Call Number: 877-216-8554 (domestic); 973-528-0009 (international) Listen Only Entry Code: 5621
According to data from Bloomberg, shares of Caterpillar Inc. have 19 Buy ratings, seven Hold ratings and zero Sell ratings. The average price target on shares of CAT is $116 with a range from $100 to $135.
Analyst Comments:
JPMorgan remains bullish on shares of CAT ahead of the release with its Overweight rating and $112 price target. The firm believes Caterpillar is strongly positioned to see gains from recent positive trends in U.S. construction and global growth over the long-term in emerging economies.
An analyst at JPMorgan comments, "In our view, CAT is uniquely positioned to benefit from both of these trends. Additionally, favorable pricing and lower input costs may be a tailwind in 2012. We estimate that CAT's EPS could benefit by $0.27, or ~2.9%, given favorable movements in the prices of commodities such as steel, aluminum, and copper."
For the quarter, the firm forecasts earnings of $1.70 per share, slightly below the Street's consensus.
Discover Wall Street's best ratings calls with the pros - Ratings Insider Elite. Free Trial!
You May Also Be Interested In
- UPDATE: NetApp, Inc. (NTAP) Tops Q4 EPS by 3c; Guides Q1 Lower
- UPDATE: Global Hunter Securities Starts Kosmos Energy (KOS) at Buy; High Risk, High Reward
- UPDATE: Ralph Lauren Corp (RL) Reports Solid Q4 Results; Guides FY13 Sales
Create E-mail Alert Related Categories
Analyst Comments, EarningsRelated Entities
JPMorgan, EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
