Caterpillar Inc. (CAT) : Q315 Earnings Whisper

Caterpillar Inc. (CAT) is set to announce its Q315 financial results before the open of the U.S. financial markets. Analysts expect the manufacturer of construction and mining equipment to report EPS of $0.78 and revenue of $11.16 billion. That would be $0.49 lower the $1.27 per share posted last quarter and $0.94 lower the $1.72 posted in the Q314. Revenue is projected to be $2.39 billion lower than the $13.55 billion posted in the same period a year earlier. Meanwhile, EarningsWhisper.com reports a whisper number of $0.76 per share.

As a quick reminder, CAT reported Q215 EPS of $1.27, in-line with the Street’s consensus estimate. Revs decreased 13.07% year-over-year to $12.3 billion vs. the $12.62 billion consensus.

On valuation measures, Caterpillar Inc. shares are priced at 12.14x this year’s forecasted earnings, compared to the industry’s 14.45x earnings multiple. The company’s current year and next year EPS growth estimates stand at (27.9%) and (16.3%), compared to the industry growth rates of 17.00% and 7.00%, respectively. CAT has a t-12 price-to-sales ratio of 0.80. EPS for the same period registers at $5.86.

Caterpillar shares have declined 2.62% in the last 4 weeks and 11.90% in the past three months. Over the past 5 trading sessions the stock has gained 0.14%. The Peoria, Illinois-based company, which is currently valued at $42.83 billion, has a median Wall Street price target of $70.00 with a high target of $86.00.

CAT is down 23.33% year-over-year, compared with a 4.61% gain in the S&P 500.

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