Caterpillar (NYSE:CAT) reported its Q3 earnings results on Thursday, October 28, 2021 at 06:30 AM.
Here’s what investors need to know about the announcement.
Earnings
Caterpillar beat their estimated earnings by 20.91%, reporting an EPS of $2.66 versus an estimate of $2.2, which surprised analysts.
Revenue was up $2,516,000,000 from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.22, which was followed by a 2.73% drop in the share price the next day.
Here’s a look at Caterpillar’s past performance:
| Quarter | Q2 2021 | Q1 2021 | Q4 2020 | Q3 2020 |
|---|---|---|---|---|
| EPS Estimate | 2.38 | 1.94 | 1.49 | 1.12 |
| EPS Actual | 2.60 | 2.87 | 2.12 | 1.34 |
| Revenue Estimate | 12.58B | 11.09B | 11.25B | 9.80B |
| Revenue Actual | 12.89B | 11.89B | 11.23B | 9.88B |
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