S&P 500 (NYSE:SPY) component Caterpillar (NYSE:CAT) will unveil its latest earnings tomorrow, Monday, January 28, 2013. Caterpillar offers construction and mining equipment as well as diesel and natural gas engines and industrial gas turbines.
Caterpillar Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average estimate of analysts is for net income of $1.70 per share, a decline of 26.7% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from $1.77. Between one and three months ago, the average estimate moved down. It also has dropped from $1.72 during the last month. Analysts are projecting profit to rise by 17% versus last year to $9.14.
Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 6 cents, reporting profit of $2.27 per share against a mean estimate of net income of $2.21 per share.
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A Look Back: In the third quarter, profit rose 48.9% to $1.7 billion ($2.54 a share) from $1.14 billion ($1.71 a share) the year earlier, exceeding analyst expectations. Revenue rose 4.6% to $16.45 billion from $15.72 billion.
Here’s how Caterpillar traded following its last earnings report 3 months ago and leading up to its upcoming earnings report this week: