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Sohini Mondal

What to Expect From Caterpillar's Next Quarterly Earnings Report

CAT Caterpillar

Irving, Texas-based Caterpillar Inc. (CAT) operates in the industrial goods sector, specializing in construction and mining equipment, diesel and natural gas engines, and diesel-electric locomotives. With a market cap of $189.7 billion, it is a global leader in providing innovative products and services that drive sustainable infrastructure development across multiple industries. The company is expected to announce its Q3 earnings on Tuesday, Oct. 29.

Ahead of the event, analysts expect the industrial company to report a profit of $5.36 per share, a decrease of 2.9% from $5.52 per share reported in the year-ago quarter. However, the company has surpassed the consensus estimates in the past four quarters. CAT reported adjusted EPS of $5.99 in Q2 2024, exceeding the consensus estimate by an 8.3% margin.

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