Caterpillar Earnings: Everything You Must Know Now

Caterpillar Inc. (NYSE:CAT) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 0%.

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Caterpillar Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 44.73% to $1.31 in the quarter versus EPS of $2.37 in the year-earlier quarter.

Revenue: Decreased 17.34% to $13.21 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Caterpillar Inc. reported adjusted EPS income of $1.31 per share. By that measure, the company missed the mean analyst estimate of $1.4. It missed the average revenue estimate of $13.72 billion.

Quoting Management: “In China, first quarter economic growth was slightly less than many expected, but in our view, remains consistent with slow growth in the world economy,” said Caterpillar Chairman and Chief Executive Officer Doug Oberhelman.

Key Stats (on next page)…

Revenue decreased 17.82% from $16.08 billion in the previous quarter. EPS decreased 10.27% from $1.46 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $2.23 to a profit $2.02. For the current year, the average estimate has moved down from a profit of $8.57 to a profit of $7.71 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)