PREVIEW: Caterpillar seen posting Q1 EPS, revenue increase

Caterpillar

29/04/2026 19:44

** Shares of Caterpillar Inc CAT.N down 0.6% to $813.10 ahead of Q1 results due before the opening bell on Thurs,  with investors watching for continued growth in its power segment from the AI boom

** The maker of construction and mining equipment is expected to post a 17% rise in qtrly rev to $16.61 bln and adj EPS of $4.62, up from $4.25 a yr ago, per LSEG

** CAT has met or beaten EPS estimates in five of past eight quarters, with most recent miss in Q2 2025

** CAT shares on track for fourth straight daily decline, longest streak of declines this year

** Co recently announced its CFO will retire in Oct and has warned of about $2.6 bln in tariff-related costs for 2026

** Among the 30 analysts who cover Caterpillar Inc, the breakdown of recommendations is 15 "strong buy" or "buy," 12 "hold" and 3 "sell"  ratings

** Median price target of $769 up from $700 a month ago

** CAT recently traded at 33 times expected earnings, well above its five-year avg forward PE of 17, per LSEG data

** CAT shares up ~41.7% YTD vs 1.5% gain in Dow Industrials .DJI

** CAT options imply a 5.5% swing for the shares, in either direction by Friday, per Trade Alert data; that's higher than the stock's avg move of 4.1% on the day of results over the last eight qtrs

(Reporting by Chuck Mikolajczak, additional reporting by Saqib Ahmed)

((charles.mikolajczak@tr.com; @chuckmik.bsky.social))