Earnings Preview: Caterpillar

Apr.24.12 | About: Caterpillar Inc. (CAT)

Caterpillar (NYSE:CAT) is expected to report Q1 earnings on Wednesday, April 25 before the market open with a conference call scheduled for 11:00 am ET.


Analysts are looking for EPS of $2.13 on revenue of $16.22B. The consensus range is $1.83-$2.33 for EPS and revenue of $15.1B-$18.1B, according to First Call. Caterpillar reported positive results in Q4, handily beating both EPS and revenue estimates. On its Q4 earnings report, the company forecast FY12 EPS of $9.25 at mid-point vs. consensus $9.06. It also raised its FY12 sales outlook to $68B-$72B vs. consensus $71.2B. Both forecasts include recent acquisitions of Bucyrus and MWM. The company expected world economic growth of about 3% in 2012 with small increases in commodity costs. Although mostly positive on its Q4 report, Caterpillar management did forecast a tough comp in 1Q12 vs. 1Q11. The shares have traded modestly lower following Q4 results, falling from around $112 to a recent $108. They currently sit approximately 8 points from recent 52-week highs of $116.95, made in February.