Caterpillar Stock Outperforms Market Recently Despite Monthly Underperformance; Q4 Earnings Expected to Show Revenue and EPS Growth
-
Caterpillar (CAT) stock recently outperformed the market, rising 0.64% compared to the S&P 500's 0.08% gain.
-
CAT is expected to report strong Q4 2024 earnings on February 5th, with estimated EPS growth of 23.32% year-over-year.
-
Revenue is forecasted to be $17.15 billion in Q4 2024, a 3.36% increase from last year.
-
CAT shares have underperformed over the past month, dropping 2.3% compared to a 2.4% S&P 500 gain.
-
At current valuations, CAT trades at a premium 14.07 forward P/E compared to its industry average of 10.06.