CAT - Caterpillar Earnings Preview: Ending 2022 with wonderful numbers

Caterpillar ( NYSE: CAT ) is scheduled to announce Q4 earnings results on Tuesday, January 31st, before market open.

The consensus EPS Estimate is $4.03 (+49.8% Y/Y) and the consensus Revenue Estimate is $15.84B (+14.8% Y/Y).

Over the last 2 years, CAT has beaten EPS estimates 100% of the time and has beaten revenue estimates 63% of the time.

Over the last 3 months, EPS estimates have seen 16 upward revisions and 0 downward. Revenue estimates have seen 6 upward revisions and 2 downward.

The company's stock rose nearly +11% on Oct. 27 after posting Q3 Non-GAAP EPS of $3.95, beating by $0.79, and revenue of $15B was ahead of consensus by $620M.

Caterpillar has a Quant rating of STRONG BUY , with a 4.85 rating score.

CAT has an industry ranking of 2 out of 43 in the construction machinery and heavy trucks sector, as per SA's Quant ranking, and just 1 spot behind Terex.

Wall Street analysts and Seeking Alpha Authors also rate the CAT stock BUY .

BofA Global Research, in their January 13 note on CAT, said "At a time of heightened macro uncertainty, we see CAT’s Q4/Q1e as rather stable. Why? Rising price vs cost tailwind can help cover a lot of ground. Q3 marked an inflection point. CAT reported +14% price – highest in a decade – that more than offset manufacturing costs. While increases likely moderate, we do not expect price to fall off".

Recent Analysis from our contributors: Why Net Zero is So Bullish for Caterpillar by Leo Nelissen.

CAT stock rose 15% in 2022, while the benchmark S&P 500 index slipped nearly 20%.

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