CAT Earnings Prediction
The chart below shows how CAT performed 10 days before and after its earnings report, based on data from the past quarters. Typically, CAT sees a +0.89% change in stock price 10 days leading up to the earnings, and a +1.56% change 10 days following the report. On the earnings day itself, the stock moves by -0.32%. This data can give you a slight idea of what to expect for the next quarter's release.
CAT Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
16.11B
-4.19%
-3.49%
Gross Margin
37.79%
1.45%
-3.70%
Operating Margin
22.06%
-1.78%
-9.18%
Net Margin
15.29%
-8.00%
-4.79%
EPS
5.06
-7.16%
-7.66%
No Data Available
CAT Earnings Analysis
Caterpillar Inc. Corporation (CAT.N) Earnings Conference Call
Positive
Free Cash Flow Generation: We generated ME&T free cash flow of $2.7 billion in the third quarter.
Shareholder Returns Strategy: Our robust ME&T free cash flow, along with our strong balance sheet, allowed us to deploy over $9 billion to shareholders through share repurchases and dividends during the first three quarters of the year, including $1.5 billion this quarter.
Strong Profit Margins: We delivered strong adjusted operating profit margin and adjusted profit per share, which were consistent with our expectations at 20%.
Quarterly Adjusted Profit Per Share: We achieved quarterly adjusted profit per share of $5.17, in line with our expectations at the time of the last earnings call.
Backlog Increase Analysis: Our backlog increased slightly to $28.7 billion and remains at a very healthy level.
Negative
Sales Decline Analysis: Sales and revenues were down 4% in the third quarter versus last year, below our expectations due to the impact of lower-than-expected sales to users in Construction Industries and timing of deliveries in Resource Industries and Energy & Transportation.
User Sales Decline: Sales to users decreased 6%.
Construction Sales Decline: Sales to users in Construction Industries were down 7% year-over-year.
Resource Industries Sales Decline: Sales to users in Resource Industries decreased by 18%, generally in line with our expectations versus a strong third quarter in 2023.
Operating Profit Decline: Operating profit in the third quarter decreased by 9% to $3.1 billion.
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CAT Earning Call Sentiment
Caterpillar Inc. (CAT) Q3 2024 Earnings Call Transcript
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CAT.N
0.11%Positive
The earnings call indicates a mixed outlook with declining sales and revenues, lower profit margins, and increased dealer inventory. While there are positives like strong cash flow and shareholder returns, the guidance suggests a slight decline in sales and revenues for 2024, particularly in Construction Industries. The Q&A section highlights uncertainties and lack of clarity in future guidance, especially in Resource Industries and pricing impacts. Despite shareholder-friendly actions, the overall sentiment leans negative due to weak sales performance and cautious future outlook.