Yahoo Finance Caterpillar First Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag
Caterpillar (NYSE:CAT) First Quarter 2024 Results
Key Financial Results
Revenue: US$15.8b (flat on 1Q 2023).
Net income: US$2.86b (up 47% from 1Q 2023).
Profit margin: 18% (up from 12% in 1Q 2023).
EPS: US$5.78 (up from US$3.76 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Caterpillar EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) exceeded analyst estimates by 14%.
Looking ahead, revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Machinery industry in the US.
Performance of the American Machinery industry.
The company's shares are down 5.6% from a week ago.
Risk Analysis
We should say that we've discovered 3 warning signs for Caterpillar (1 is a bit concerning!) that you should be aware of before investing here.
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