Caterpillar Gears Up For Q3 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
Key takeaways
- Caterpillar’s Q3 earnings are expected to improve, but analyst price‑target cuts signal a more cautious near‑term outlook.
- estimate $7.03
EPS
Earnings per share — profit for one share of the company, in dollars.
- Year‑ago $4.95
EPS
Earnings per share — profit for one share of the company, in dollars.
- Revenue estimate $20.69 billion
What happened
Caterpillar Inc. (CAT) will report its third‑quarter earnings on Thursday, Oct. 29, with analysts forecasting earnings of $7.03 per share versus $4.95 a year earlier and revenue of $20.69 billion versus $17.64 billion last year. The company also announced a leadership change: Denise Johnson will retire Feb. 1, 2027, and Derrick York will take over as group president of Resource Industries on Nov. 1, 2026. Shares rose 3.1% to $713.31 on Tuesday.
Why it matters
The earnings upgrade signals stronger profitability and higher revenue growth, which could lift investor confidence. The leadership transition may affect future strategy and operational focus within Resource Industries. Market participants are watching the price‑target adjustments from top analysts for What a company says it expects for future sales or profits — a forecast from the company, not a guarantee.guidance
Short-term and longer-term
Short-term. Over the next few days, watch for the earnings release and any What a company says it expects for future sales or profits — a forecast from the company, not a guarantee.guidance
Longer-term. Over the coming months, Caterpillar’s earnings trajectory and the effectiveness of the new Resource Industries leadership will shape its long‑term valuation.
Words on this card
- EPS Learn
- Earnings per share, the portion of a company’s profit allocated to each outstanding share of common stock.
- Price target
- An analyst’s estimate of the stock’s fair value over a specified period.
- Resource Industries
- Caterpillar’s division that focuses on mining, construction, and industrial equipment.
- Outperform
- A rating indicating the analyst expects the stock to perform better than the broader market.
- Buy
- A rating suggesting the stock is a good purchase at current prices.
- Guidance
- What a company says it expects for future sales or profits — a forecast from the company, not a guarantee.