Will Caterpillar (CAT) Beat Estimates Again in Its Next Earnings Report?

What happened: Zacks reports that Caterpillar (CAT) has a record of beating earnings estimates and a positive Earnings ESP ahead of its next quarterly report. Key numbers: Average surprise of 26.24% over the past two quarters. Last quarter EPS of $8.17 versus $6.25 estimate, a 30.72% surprise. Prior quarter $5.54 versus $4.55, a 21.76% surprise. Earnings ESP of +2.98%. Why it matters: Zacks states that a positive Earnings ESP combined with a Zacks Rank #3 (Hold) or better has produced a positive surprise nearly 70% of the time, and says another beat is possibly around the corner for CAT. Market: +2.1% today ($740.21), +24.2% YTD, 0.8x vol — as of 20:17 UTC

Zacks reports that Caterpillar (CAT) has a record of beating earnings estimates and a positive Earnings ESP ahead of its next quarterly report.

Zacks states that a positive Earnings ESP combined with a Zacks Rank #3 (Hold) or better has produced a positive surprise nearly 70% of the time, and says another beat is possibly around the corner for CAT. Market: +2.1% today ($740.21), +24.2% YTD, 0.8x vol — as of 20:17 UTC