Caterpillar Inc. (CAT): Earnings Whisper?

Caterpillar Inc. (CAT) is set to report earnings for the second quarter of 2015 on July 23rd before the opening bell. Wall Street analysts are on average expecting the construction and mining equipment maker to post $12.68 billion in sales during the June quarter. This, if accurate, would show a marginal increase of $20 million from the first-quarter/15 revenue of $12.70 billion and a decline of 10.38% from the same period in fiscal-2014. EPS are expected to come in at $1.27, a decline of about 25% from $1.69 per share a year earlier. Meanwhile, ticker’s Q2 earnings whisper number calls for EPS of $1.19 on revenue of $12.62 billion.

On valuation measures, Caterpillar shares are currently priced at 12.71x this year’s forecasted earnings, which makes them rather inexpensive compared to the industry’s $19.97x earnings multiple. Ticker has a forward P/E of 16.60 and t-12 price-to-sales ratio of 0.91. EPS for the same period is $6.25.

In the past 52 weeks, shares of Peoria, Illinois-based company have traded between a low of $78.19 and a high of $111.28. Shares are down 22.89% year-over-year and 7.84% year-to-date.

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