Compared to Estimates, Caterpillar (CAT) Q3 Earnings: A Look at Key Metrics

Caterpillar (CAT) 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.Zacks Names #1 Semiconductor StockIt's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.See This Stock Now for Free >>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 ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks