Caterpillar, Inc. Second Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Caterpillar, Inc. (NYSE:CAT) will unveil its latest earnings on Friday, July 22, 2011. Caterpillar Inc. offers construction and mining equipment as well as diesel and natural gas engines and industrial gas turbines.

Caterpillar, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of $1.76 per share, a rise of 77.8% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from $1.64. Between one and three months ago, the average estimate moved up, and has risen from $1.74 during the last month. For the year, analysts are projecting net income of $7.14 per share, a rise of 70.4% from last year.

Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 53 cents, reporting profit of $1.84 per share against a mean estimate of net income of $1.31 per share.

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Wall St. Revenue Expectations: On average, analysts predict $13.52 billion in revenue this quarter, a rise of 29.9% from the year ago quarter. Analysts are forecasting total revenue of $55.72 billion for the year, a rise of 30.8% from last year’s revenue of $42.59 billion.

Analyst Ratings: Analysts are bullish on this stock with 13 analysts rating it as a buy, none rating it as a sell and nine rating it as a hold.

Key Stats:

The company has enjoyed double-digit year-over-year percentage revenue growth for the past four quarters. Over that span, the company has averaged growth of 50.6%, with the biggest boost coming in the fourth quarter of the last fiscal year when revenue rose 62.2% from the year earlier quarter.

The company has now seen net income rise in three straight quarters. In the first quarter, net income rose more than fivefold while it rose more than fourfold in the fourth quarter of the last fiscal year and 96% in the third quarter of the last fiscal year.

Competitors to Watch: Deere & Company (NYSE:DE), General Electric Company (NYSE:GE), Astec Industries, Inc. (NASDAQ:ASTE), Columbus McKinnon Corp. (NASDAQ:CMCO), Manitowoc Company, Inc. (NYSE:MTW), Cummins Inc. (NYSE:CMI), CNH Global N.V. (NYSE:CNH), Navistar Intl. Corp. (NYSE:NAV), Terex Corporation (NYSE:TEX), and Lindsay Corporation (NYSE:LNN).

Stock Price Performance: During June 17, 2011 to July 18, 2011, the stock price had risen $12.25 (12.8%) from $95.55 to $107.80. The stock price saw one of its best stretches over the last year between December 8, 2010 and December 16, 2010 when shares rose for seven-straight days, rising 4% (+$3.53) over that span. It saw one of its worst periods between April 4, 2011 and April 12, 2011 when shares fell for seven-straight days, falling 6% (-$6.75) over that span. Shares are up $15.36 (+16.6%) year to date.

(Source: Xignite Financials)

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