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Valued at a market cap of $140.2 billion, Caterpillar Inc. (CAT) is a leading global manufacturer of heavy equipment, engines, and other related products, primarily serving industries like construction, mining, energy, and transportation. With its headquarters in Peoria, Illinois, Caterpillar is known for its iconic yellow machinery, such as bulldozers, excavators, and wheel loaders.
The heavy-equipment titan is expected to announce its Q1 earnings on Thursday, Apr. 24. Ahead of the event, analysts expect CAT’s EPS to decline 22.9% to $4.32 per share from the year-ago quarter. The company has surpassed the consensus estimates in three of the past four quarters, while missing on another occasion.