Earnings Beat In The Cards For Caterpillar Stock?

Caterpillar (NYSE: CAT) will report its Q2 2023 results on Tuesday, Aug 1. We expect the company’s revenues to come in at $16.8 billion, above the consensus estimate of $16.5 billion. This would mark year-over-year growth of about 18%. Earnings will likely come in at about $4.72 on a per-share and adjusted basis, comfortably above the $4.58 consensus estimate. See our interactive dashboard analysis on Caterpillar’s Earnings Preview for more details on how the company’s revenues and earnings will likely stand for the quarter. So, what are some of the trends that are likely to drive Caterpillar’s
CAT
results?

The company will likely continue to benefit from a strong pricing environment and robust demand for resources and energy equipment. However, elevated costs and forex headwinds may weigh on the company’s overall performance. Looking at Q1 2023, Caterpillar’s revenues were up 17%, led by a 14% rise in price realization and about a 4% rise in total sales volume.