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Compared to Estimates, Caterpillar (CAT) Q3 Earnings: A Look at Key Metrics
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Caterpillar (CAT - Free Report) reported $16.11 billion in revenue for the quarter ended September 2024, representing a year-over-year decline of 4.2%. EPS of $5.17 for the same period compares to $5.52 a year ago.
The reported revenue represents a surprise of -1.50% over the Zacks Consensus Estimate of $16.35 billion. With the consensus EPS estimate being $5.33, the EPS surprise was -3.00%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Caterpillar performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Sales Volume - Total: -$759 million versus the two-analyst average estimate of -$455.74 million.
Sales Volume - Machinery, Energy & Transportation - Construction Industries: -$458 million versus -$395.47 million estimated by two analysts on average.
Sales Volume - Machinery, Energy & Transportation - Resource Industries: -$352 million compared to the -$239.72 million average estimate based on two analysts.
Price Realization - Machinery, Energy & Transportation - Energy & Transportation: $213 million versus $92.97 million estimated by two analysts on average.
Sales and Revenues- Asia/Pacific- Machinery, Energy & Transportation: $2.60 billion versus the three-analyst average estimate of $2.74 billion. The reported number represents a year-over-year change of -7%.
Sales and Revenues- Asia/Pacific- Machinery, Energy & Transportation- All Other Segments: $14 million versus $11.77 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +40% change.
Sales and Revenues- Latin America- Machinery, Energy & Transportation: $1.60 billion versus $1.58 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +5.8% change.
Sales and Revenues- North America- Machinery, Energy & Transportation: $7.94 billion versus the three-analyst average estimate of $8.28 billion. The reported number represents a year-over-year change of -5.3%.
Total sales and revenues- Financial Products- Total: $1.03 billion versus the six-analyst average estimate of $834.86 million. The reported number represents a year-over-year change of +25.8%.
Total sales and revenues- Machinery, Energy & Transportation- Construction Industries: $6.35 billion versus the six-analyst average estimate of $6.44 billion. The reported number represents a year-over-year change of -9.3%.
Total sales and revenues- Machinery, Energy & Transportation- All Other: $92 million compared to the $109.31 million average estimate based on six analysts. The reported number represents a change of -13.2% year over year.
Total sales and revenues- Machinery, Energy & Transportation- Energy & Transportation: $7.19 billion versus the six-analyst average estimate of $7.22 billion. The reported number represents a year-over-year change of +4.8%.
Shares of Caterpillar have returned -1.2% over the past month versus the Zacks S&P 500 composite's +1.8% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Compared to Estimates, Caterpillar (CAT) Q3 Earnings: A Look at Key Metrics
Caterpillar (CAT - Free Report) reported $16.11 billion in revenue for the quarter ended September 2024, representing a year-over-year decline of 4.2%. EPS of $5.17 for the same period compares to $5.52 a year ago.
The reported revenue represents a surprise of -1.50% over the Zacks Consensus Estimate of $16.35 billion. With the consensus EPS estimate being $5.33, the EPS surprise was -3.00%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Caterpillar performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Sales Volume - Total: -$759 million versus the two-analyst average estimate of -$455.74 million.
- Sales Volume - Machinery, Energy & Transportation - Construction Industries: -$458 million versus -$395.47 million estimated by two analysts on average.
- Sales Volume - Machinery, Energy & Transportation - Resource Industries: -$352 million compared to the -$239.72 million average estimate based on two analysts.
- Price Realization - Machinery, Energy & Transportation - Energy & Transportation: $213 million versus $92.97 million estimated by two analysts on average.
- Sales and Revenues- Asia/Pacific- Machinery, Energy & Transportation: $2.60 billion versus the three-analyst average estimate of $2.74 billion. The reported number represents a year-over-year change of -7%.
- Sales and Revenues- Asia/Pacific- Machinery, Energy & Transportation- All Other Segments: $14 million versus $11.77 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +40% change.
- Sales and Revenues- Latin America- Machinery, Energy & Transportation: $1.60 billion versus $1.58 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +5.8% change.
- Sales and Revenues- North America- Machinery, Energy & Transportation: $7.94 billion versus the three-analyst average estimate of $8.28 billion. The reported number represents a year-over-year change of -5.3%.
- Total sales and revenues- Financial Products- Total: $1.03 billion versus the six-analyst average estimate of $834.86 million. The reported number represents a year-over-year change of +25.8%.
- Total sales and revenues- Machinery, Energy & Transportation- Construction Industries: $6.35 billion versus the six-analyst average estimate of $6.44 billion. The reported number represents a year-over-year change of -9.3%.
- Total sales and revenues- Machinery, Energy & Transportation- All Other: $92 million compared to the $109.31 million average estimate based on six analysts. The reported number represents a change of -13.2% year over year.
- Total sales and revenues- Machinery, Energy & Transportation- Energy & Transportation: $7.19 billion versus the six-analyst average estimate of $7.22 billion. The reported number represents a year-over-year change of +4.8%.
View all Key Company Metrics for Caterpillar here>>>Shares of Caterpillar have returned -1.2% over the past month versus the Zacks S&P 500 composite's +1.8% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.