Caterpillar (CAT) Soars 9.9%: Is Further Upside Left in the Stock?

Caterpillar (CAT) shares rallied 9.9% in the last trading session to close at $301.01. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 19.4% loss over the past four weeks.Caterpillar shares got a boost yesterday after U.S President Trump announced a 90-day pause on certain tariffs for most countries (except China). Investor confidence was further bolstered by Caterpillar's announcement that it will maintain its quarterly dividend payout at $1.41 per share. The dividend will be paid on May 20, 2025, to shareholders of record at the close of business on April 21, 2025.Caterpillar has a long history of dividend payments, issuing cash dividends annually since its inception and quarterly dividends since 1933. Caterpillar has paid higher annual dividends to shareholders for 31 consecutive years and is a member of the S&P 500 Dividend Aristocrats Index.This construction equipment company is expected to post quarterly earnings of $4.32 per share in its upcoming report, which represents a year-over-year change of -22.9%. Revenues are expected to be $14.61 billion, down 7.5% from the year-ago quarter.While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.For Caterpillar, the consensus EPS estimate for the quarter has been revised marginally lower over the last 30 days to the current level. And a negative trend in earnings estimate revisions doesn't usually translate into price appreciation. So, make sure to keep an eye on CAT going forward to see if this recent jump can turn into more strength down the road.The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>Caterpillar belongs to the Zacks Manufacturing - Construction and Mining industry. Another stock from the same industry, Hyster-Yale (HY), closed the last trading session 8.1% higher at $39.19. Over the past month, HY has returned -20.3%.Hyster-Yale's consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.47. Compared to the company's year-ago EPS, this represents a change of -84%. Hyster-Yale currently boasts a Zacks Rank of #5 (Strong Sell).7 Best Stocks for the Next 30 DaysJust released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."Since 1988, the full list has beaten the market more than 2X over with an average gain of +23.9% per year. So be sure to give these hand picked 7 your immediate attention. See them now >>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 Report Hyster-Yale, Inc. (HY): 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