New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
January 24, 2014
14:08 EDTCATEarnings Preview: Caterpillar expects Q4 profit lower than Q3
Caterpillar (CAT) is expected to report fourth quarter earnings on Monday, January 27 before the market open with a conference call scheduled for 11:00 am ET. Caterpillar is a manufacturer of mining and construction equipment. EXPECTATIONS: Analysts are looking for earnings per share of $1.28 on revenue of $13.64B, according to First Call. The consensus range for EPS is $1.20-$1.39 on revenue of $13.16B-$14.11B. LAST QUARTER: Caterpillar reported Q3 EPS of $1.45 against estimates for $1.67. Q3 revenue came in at $13.42B against estimates for $14.32B. On its Q3 report, the company lowered its FY13 EPS and revenue guidance, citing concern about a reduction in mining orders. Caterpillar cut its FY13 EPS view to $5.50 from $6.50, compared to a consensus at the time of $6.20. Its FY13 revenue view was lowered to $55B from $56B-$58B, versus a consensus at the time of $56.46B. The company also lowered its FY13 guidance following both its Q1 and Q2 reports. Caterpillar forecast FY14 sales of $52.25B-$57.75B, compared to expectations of $58.65B. The company said the 2014 outlook reflected uncertainty, and it expected to take "deeper actions" to improve its cost structure and balance sheet. On January 24, the company reported dealer machinery sales were down 9% in the past three months. STREET RESEARCH: Street research has been mostly negative in the weeks leading up to Caterpillar's Q4 earnings report. On October 24, JP Morgan downgraded Caterpillar to Neutral from Overweight, citing execution and rising headwinds following the company's weaker than expected Q3 results. The firm lowered its price target for the shares to $90 from $105. On November 7, ISI Group downgraded Caterpillar to Neutral from Buy. On November 25, BofA/Merrill upgraded Caterpillar to Buy from Neutral. The firm believed Caterpillar's Power System segment was an overlooked source of 2014 operating earnings and would help support profit of at least $4.50-$5.00 per share. BofA placed a $100 price target on the shares. PRICE ACTION: Caterpillar’s shares have traded modestly higher since the company's Q3 results, but are down over 10% from year ago levels. In afternoon trading ahead of Monday's Q4 report, Caterpillar’s shares are down over 2.5%.
News For CAT From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | all recent CAT news | >>
January 27, 2015
11:21 EDTCATCaterpillar says oil decline to impact producer's CapEx
Subscribe for More Information
10:27 EDTCATCaterpillar shares defended at Barclays
Subscribe for More Information
09:17 EDTCATOn The Fly: Pre-market Movers
HIGHER: Silicon Image (SIMG), up 23% after signing agreement to be acquired by Lattice Semiconductor (LSCC)... USA Technologies (USAT), up 5% following nationwide roll-out of new Apple Pay points... TE Connectivity (TEL), up 3.9% following a Wall Street Journal report that the company is close to a deal with Commscope (COMM)... Select Comfort (SCSS), up 1% after being upgraded to Buy from Hold at Stifel. DOWN AFTER EARNINGS: Microsoft (MSFT), down 8.2%... Caterpillar (CAT), down 7.8%... Packaging Corp (PKG), down 8.3%... Peabody Energy (BTU), down 5.3%... Freeport-McMoRan (FCX), down 5.7%... Polaris Industries (PII), down 2.1%... United Technologies (UTX), down 2.3%... Procter & Gamble (PG), down 2.6%.
08:58 EDTCATCaterpillar guidance to be negative for shares, says Wells Fargo
Subscribe for More Information
07:58 EDTCATFutures weaken after Caterpillar issues lower than expected outlook
Stock index futures have been in negative ground all morning, but have weakened further after disappointing guidance from a number of big names, including Procter & Gamble (PG), DuPont (DD) and Caterpillar (CAT). Before the bell, a report on durable goods orders for December is due at 8:30. After the open, investors will receive reports on the U.S. services sector and consumer confidence for January as well as data on new home sales in December. Near 7:45 am ET, Dow futures were 186 points below fair value, S&P 500 futures were down 12 points from fair value and Nasdaq futures were 37 points under fair value.
07:46 EDTCATCaterpillar Financial reports Q4 revenue down 1% to $703M
Subscribe for More Information
07:39 EDTCATCaterpillar cites dramatic decline in oil for lower outlook
Subscribe for More Information
07:35 EDTCATCaterpillar drops 5% after FY15 outlook misses expectations
Subscribe for More Information
07:34 EDTCATCaterpillar sees FY15 EPS ex-items about $4.75, consensus $6.67
Subscribe for More Information
07:32 EDTCATCaterpillar reports Q4 EPS ex-items $1.35, consensus $1.55
Subscribe for More Information
January 26, 2015
15:50 EDTCATCaterpillar January weekly 85 straddle priced for 4.4% movement into Q4
Subscribe for More Information
15:40 EDTCATNotable companies reporting before tomorrow's open
Subscribe for More Information
14:59 EDTCATCaterpillar technical comments ahead of earnings
Subscribe for More Information
13:15 EDTCATEarnings Preview: Caterpillar sees Q4 profitability down slightly
Subscribe for More Information
11:08 EDTCATCaterpillar reports retail machines sales down 12% in three months end December
Caterpillar reported earlier its total retail machines sales down 12% on a three month rolling basis in December. Sales were down 10% in the period ending in November and were down 9% in the period ending in October. The company reported world Resources Industries sales down 22% in the December period, which was a bit improved from the 23% drop in the November end period. Construction Industries world sales were down 9%, worse than the 6% drop in the November period. Caterpillar retail sales of machines by geographic region for the 3-month rolling period ended December were reported in a regulatory filing earlier. Caterpillar shares are up 0.4% to $85.96 in morning trading.
09:57 EDTCATCaterpillar January weekly volatility elevated into Q4 and outlook
Subscribe for More Information
January 21, 2015
07:43 EDTCATCaterpillar guidance expected to disappoint, says UBS
UBS sees many headwinds for Caterpillar, including lower oil prices, slowing construction activity, and foreign currency headwinds. Although the firm feels the risks are already priced into the stock, they lowered estimates and expect forward guidance to be disappointing. UBS reiterated its Neutral rating but lowered its price target to $84 from $104 on Caterpillar shares.
January 16, 2015
07:23 EDTCATJim Chanos says long shares of Apple
Subscribe for More Information
07:16 EDTCATCaterpillar January weekly volatility elevated into Q4 and outlook
Subscribe for More Information
07:12 EDTCATChanos says two of three Caterpillar areas 'highly troubled'
Subscribe for More Information
1 | 2 | all recent CAT news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use