Caterpillar (NYSE: CAT) is scheduled to report its Q1 2023 results on Thursday, April 27. We expect CAT stock to trade lower post-Q1, with revenue and earnings falling below the consensus estimates. While a strong pricing environment and robust demand for resource and energy equipment will likely drive the company’s revenue growth, its overall performance may be weighed down due to higher raw material and freight costs. Also, our forecast indicates that CAT stock has little room for growth, as discussed below. Our interactive dashboard analysis of Caterpillar’s Earnings Preview has additional details.
(1) Revenues expected to be below the consensus estimates
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