Caterpillar (CAT) Q1 Earnings and Revenues Miss Estimates

分组1 - Caterpillar reported quarterly earnings of $4.25 per share, missing the Zacks Consensus Estimate of$4.30 per share, and down from $5.60 per share a year ago, representing an earnings surprise of -1.16$14.25 billion for the quarter, missing the Zacks Consensus Estimate by 2.01%, and down from $15.8 billion year-over-year [2] - Caterpillar shares have declined approximately 15.3% since the beginning of the year, compared to a decline of -5.5% for the S&P 500 [3] 分组2 - The current consensus EPS estimate for the upcoming quarter is $5.03 on revenues of$15.62 billion, and for the current fiscal year, it is $18.94 on revenues of$61.48 billion [7] - The Manufacturing - Construction and Mining industry is currently in the top 6% of over 250 Zacks industries, indicating a strong outlook for the sector [8] - The estimate revisions trend for Caterpillar is mixed, resulting in a Zacks Rank 3 (Hold), suggesting the stock is expected to perform in line with the market in the near future [6]