- Adjusted EPS for Caterpillar in the fourth quarter was $5.14, slightly below last year’s $5.23 but above the estimated $5.05.
- Reported EPS increased to $5.78 from last year’s $5.28.
- Total revenue was $16.22 billion, marking a 5% decrease from the previous year and falling short of the estimated $16.72 billion.
- The financial segment saw revenue growth of 6% year-over-year, reaching $883 million, surpassing the estimate of $858.3 million.
- Revenue from the Machinery, Energy & Transportation segment was $15.33 billion, a decrease of 5.6% from the previous year and falling short of the $15.76 billion estimate.
- Adjusted operating income was recorded at $2.96 billion, below the estimated $3.15 billion.
- The Machinery, Energy & Transportation segment reported an operating income of $2.94 billion, down 5.4% year-over-year, missing the $3.11 billion estimate.
- The Financial Products segment’s operating income fell dramatically by 27% year-over-year to $137 million, significantly missing the $199 million estimate.
- R&D expenses were reduced by 6.3% year-over-year, totaling $519 million, which is below the projected $538.1 million.
- Caterpillar’s stock evaluations include 10 buy ratings, 13 hold ratings, and 3 sell ratings from analysts.
Caterpillar Inc on Smartkarma
Analyst coverage of Caterpillar Inc on Smartkarma reveals insights from top independent analysts. Baptista Research‘s report on “Caterpillar Inc.: What Is Their Market Position & Competitive Strategy in Construction Industries? – Major Drivers” highlights mixed results for the third quarter of 2024. Although sales and revenues decreased by 4%, the company achieved an adjusted operating profit margin of 20%, meeting expectations despite the revenue decline.
Another report by Baptista Research titled “Caterpillar Inc.: These Are The 7 Pivotal Factors Driving Its Performance In 2025 & Beyond! – Financial Forecasts” discusses the mixed results of Caterpillar Inc.’s Second Quarter of 2024. Despite a slight decline in sales and revenues, the company showed resilience through diversified market presence and effective long-term growth strategies, leading to an increase in adjusted operating profit and improved operating profit margins.
A look at Caterpillar Inc Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 3 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, Caterpillar Inc is positioned for a positive long-term outlook. The company shows strength in growth and momentum, scoring 4 out of 5 in both categories. This indicates a favorable outlook for Caterpillar’s expansion opportunities and market momentum moving forward. Additionally, its dividend score of 3 suggests a moderate level of dividend stability, adding to its overall attractiveness for investors seeking income.
Despite slightly lower scores in value and resilience, with scores of 2 in both categories, Caterpillar Inc‘s diversified product offerings in construction, mining, and forestry machinery, along with its global distribution network, provide a solid foundation for long-term success. With a strong emphasis on growth and momentum, Caterpillar is well-positioned to capitalize on market opportunities and drive shareholder value over time.
Summary: Caterpillar Inc. designs, manufactures, and markets construction, mining, and forestry machinery, along with engines and related parts. The company also offers financing and insurance services, distributing its products through a global network of dealers.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
