- Adjusted Earnings Per Share (EPS): $5.99, higher than last year ($5.55) and above the estimate of $5.53.
- Reported EPS: $5.48.
- Total Revenue: $16.69 billion, down 3.6% from last year and below the estimate of $16.95 billion.
- Financial Segment Revenue: $849 million, up 9.8% from last year and above the estimate of $819.5 million.
- Machinery, Energy & Transportation Segment Revenue: $15.84 billion, down 4.3% from last year and below the estimate of $16.11 billion.
- Adjusted Operating Income: $3.74 billion, above the estimate of $3.48 billion.
- Machinery, Energy & Transportation Segment Operating Income: $3.66 billion, up 3.1% from last year and above the estimate of $3.4 billion.
- R&D Expenses: $535 million, up 1.3% from last year but below the estimate of $559.3 million.
- Executive Comment: “Our results continue to reflect the benefit of the diversity of our end markets as well as the disciplined execution of our strategy for long-term profitable growth.”
- Analyst Ratings: 10 buys, 12 holds, and 3 sells.
Caterpillar Inc on Smartkarma
Analyst coverage of Caterpillar Inc on Smartkarma by Baptista Research showcases a positive sentiment towards the company’s performance. In the report titled “Caterpillar Inc.: A Deep Dive Into Its Key Areas Of Competitive Advantage & Recent Strategic Investments! – Major Drivers,” the analysis highlights Caterpillar’s strong first quarter of 2024. Sales and revenues remained consistent with the previous year, indicating healthy demand across major end markets. With a robust balance sheet and free cash flow, Caterpillar allocated $5.1 billion for share repurchases and dividends during the quarter.
Furthermore, in the report “Caterpillar Inc: Reinvestment into Strategic Initiatives & Services Expansion & Other Major Drivers,” Baptista Research notes that Caterpillar’s Q4 2023 earnings reflect a solid year with record financial milestones. The company achieved record sales, revenues, profit margins, profit per share, and free cash flow. This success is attributed to strong demand for Caterpillar’s products and services across various end markets, highlighting the firm’s operational efficiency.
A look at Caterpillar Inc Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 3 | |
| Growth | 5 | |
| Resilience | 2 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Considering the Smartkarma Smart Scores for Caterpillar Inc, the company shows promising signs for long-term growth. With a high growth score of 5, Caterpillar is positioned to expand and develop positively over time. This suggests good potential for the company to increase its market share and revenue in the future. Additionally, the momentum score of 3 indicates that Caterpillar is advancing steadily and has the capability to maintain its growth trajectory over the long term.
However, the company’s value and resilience scores are moderate at 2, suggesting room for improvement in these areas. Caterpillar’s dividend score of 3 also indicates a decent outlook for investors seeking income from their investment. In summary, Caterpillar Inc. is a company that designs, manufactures, and markets machinery for construction, mining, and forestry. It also provides engines, parts, financing, and insurance, distributing its products through a global network of dealers.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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