Caterpillar (CAT) Set to Announce Quarterly Earnings on Thursday

Caterpillar (NYSE:CAT) is projected to post its Q3 2026 results before the market opens on Thursday, October 29th. Analysts expect Caterpillar to announce earnings of $7.06 per share and revenue of $20.76 billion for the quarter. Investors may review the information on the company’s upcoming Q3 2026 earnings results page for the latest details on the call scheduled for Thursday, October 29, 2026 at 8:30 AM ET.

Caterpillar (NYSE:CAT) last issued its earnings results on Tuesday, August 4th. The industrial products company reported $8.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.22 by $1.95. The company had revenue of $20.54 billion during the quarter, compared to analyst estimates of $19.34 billion. During the same period last year, the business earned $4.72 earnings per share. The firm’s revenue was up 23.7% compared to the same quarter last year. On average, analysts expect Caterpillar to post $27.74 EPS for the current fiscal year and $33.48 EPS for the next fiscal year.

Caterpillar Trading Up 3.2%

Shares of CAT stock opened at $714.14 on Wednesday. The company’s 50-day moving average price is $792.99 and its 200-day moving average price is $806.88. The stock has a market cap of $328.27 billion, a price-to-earnings ratio of 30.73 and a beta of 1.58. Caterpillar has a twelve month low of $521.67 and a twelve month high of $1,073.46.

Caterpillar Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 19th. Investors of record on Monday, October 26th will be given a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 0.9%. The ex-dividend date is Monday, October 26th. Caterpillar’s dividend payout ratio (DPR) is presently 28.06%.

Key Caterpillar News

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Caterpillar’s approximately $72 billion backlog and rising demand for power-generation equipment used by AI data centers are key bullish factors. Orders reportedly extend through 2030, potentially supporting revenue visibility and long-term growth. Learn Why The Bull Case For Caterpillar Could Change Following AI Power Demand
• Positive Sentiment: The company is investing about $1 billion in North Carolina to expand compact-equipment manufacturing, while maintaining its quarterly dividend at $1.63, supporting Caterpillar’s income and capacity-expansion story. Caterpillar investment and dividend article
• Neutral Sentiment: Wall Street analysts have recently updated their forecasts ahead of the third-quarter report. The earnings release and management’s outlook will determine whether expectations for continued earnings and revenue growth are met. Recent analyst forecast changes
• Neutral Sentiment: Resource Industries President Denise Johnson plans to retire in early 2027, with Derrick York named as successor. The planned transition provides continuity, but investors may monitor execution in the mining business. Caterpillar leadership transition
• Negative Sentiment: Rising tariffs could increase costs and pressure Caterpillar’s margins, creating a risk that strong demand will not fully translate into earnings growth. The company is also mounting a legal challenge to the UK’s post-Brexit tariff regime, adding uncertainty around trade costs. Caterpillar Q3 earnings outlook

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CAT. Zacks Research lowered shares of Caterpillar from a “strong-buy” rating to a “hold” rating in a report on Monday, October 5th. Weiss Ratings upgraded shares of Caterpillar from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, October 14th. DA Davidson raised their price target on shares of Caterpillar from $845.00 to $882.00 and gave the stock a “neutral” rating in a report on Thursday, August 6th. Robert W. Baird set a $970.00 price target on shares of Caterpillar in a research report on Wednesday, August 5th. Finally, Citigroup decreased their price objective on Caterpillar from $1,100.00 to $950.00 and set a “buy” rating on the stock in a report on Monday, October 12th. Fifteen analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $947.42.

Insider Activity at Caterpillar

In related news, CEO Joseph E. Creed sold 32,401 shares of the stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $808.98, for a total transaction of $26,211,760.98. Following the completion of the transaction, the chief executive officer owned 34,555 shares of the company’s stock, valued at approximately $27,954,303.90. This trade represents a 48.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.33% of the company’s stock.

Caterpillar Company Profile

Caterpillar Inc is a manufacturer of construction, mining, and industrial equipment. Its product portfolio includes excavators, bulldozers, wheel loaders, motor graders, articulated trucks, and other machinery used in construction, infrastructure development, mining, quarrying, forestry, and related industries. The company also produces diesel and natural gas engines, industrial gas turbines, generator sets, and other power-generation and transportation equipment.

Caterpillar operates through businesses focused on construction industries, resource industries, and energy and transportation.