Exploring Analyst Estimates for Caterpillar (CAT) Q3 Earnings, Beyond Revenue and EPS

In its upcoming report, Caterpillar (CAT) is predicted by Wall Street analysts to post quarterly earnings of $4.52 per share, reflecting a decline of 12.6% compared to the same period last year. Revenues are forecasted to be $16.75 billion, representing a year-over-year increase of 4%.Over the last 30 days, there has been a downward revision of 0.4% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.That said, let's delve into the average estimates of some Caterpillar metrics that Wall Street analysts commonly model and monitor.The average prediction of analysts places 'Total sales and revenues- Machinery, Energy & Transportation- All Other' at $105.69 million. The estimate indicates a year-over-year change of +14.9%.The combined assessment of analysts suggests that 'Total sales and revenues- Machinery, Energy & Transportation- Construction Industries' will likely reach $6.52 billion. The estimate suggests a change of +2.7% year over year.According to the collective judgment of analysts, 'Total sales and revenues- Machinery, Energy & Transportation- Resource Industries' should come in at $3.05 billion. The estimate suggests a change of +0.6% year over year.The consensus estimate for 'Total sales and revenues- Financial Products- Total' stands at $893.73 million. The estimate suggests a change of -13.6% year over year.The collective assessment of analysts points to an estimated 'Sales and Revenues- Asia/Pacific- Machinery, Energy & Transportation' of $2.69 billion. The estimate indicates a year-over-year change of +3.6%.Analysts predict that the 'Sales and Revenues- Asia/Pacific- Machinery, Energy & Transportation- All Other Segments' will reach $15.08 million. The estimate indicates a change of +7.7% from the prior-year quarter.The consensus among analysts is that 'Sales and Revenues- Latin America- Machinery, Energy & Transportation' will reach $1.66 billion. The estimate suggests a change of +3.8% year over year.Analysts' assessment points toward 'Sales and Revenues- North America- Machinery, Energy & Transportation' reaching $8.22 billion. The estimate points to a change of +3.5% from the year-ago quarter.Analysts forecast 'Price Realization - Machinery, Energy & Transportation - Energy & Transportation' to reach $91.63 million. Compared to the current estimate, the company reported $213.00 million in the same quarter of the previous year.Analysts expect 'Price Realization - Machinery, Energy & Transportation - Resource Industries' to come in at -$91.00 million. Compared to the present estimate, the company reported $38.00 million in the same quarter last year.Based on the collective assessment of analysts, 'Sales Volume - Machinery, Energy & Transportation - Energy & Transportation' should arrive at $233.01 million. Compared to the current estimate, the company reported $57.00 million in the same quarter of the previous year.It is projected by analysts that the 'Price Realization - Total' will reach -$160.49 million. The estimate is in contrast to the year-ago figure of $104.00 million. View all Key Company Metrics for Caterpillar here>>> Caterpillar shares have witnessed a change of +12.2% in the past month, in contrast to the Zacks S&P 500 composite's +1.3% move. With a Zacks Rank #4 (Sell), CAT is expected underperform the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .Zacks Names #1 Semiconductor StockThis under-the-radar company specializes in semiconductor products that titans like NVIDIA don't build. It's uniquely positioned to take advantage of the next growth stage of this market. And it's just beginning to enter the spotlight, which is exactly where you want to be.With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $971 billion by 2028.See This Stock Now for Free >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Caterpillar Inc. (CAT): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks