Irving, Texas-based Caterpillar Inc. (CAT) manufactures and sells construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives in the United States and internationally. The company has a market capitalization of $323.6 billion and is one of the world’s largest manufacturers of this equipment. The company is expected to release its Q3 2026 earnings on Thursday, October 29, before the market opens.
Ahead of the event, analysts expect the company’s EPS to be $7.12 on a diluted basis, up 43.8% from $4.95 in the year-ago quarter. The company has exceeded Wall Street’s EPS estimates in each of its last four quarters, which is impressive.
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For fiscal 2026, analysts project the company’s EPS to be $27.74, up 45.5% from $19.06 in fiscal 2025. Moreover, its EPS is expected to rise by roughly 20.6% year over year (YoY) to $33.46 in fiscal 2027.
www.barchart.comShares of Caterpillar have grown 33.9% over the past 52 weeks, outperforming the S&P 500 Index’s ($SPX) 14.4% rise and the State Street Industrial Select Sector SPDR ETF’s (XLI) 6.8% rise during the same time frame.
www.barchart.comOn Aug. 4, CAT stock rose 5.6% following the release of its better-than-expected Q2 2026 earnings. The company’s revenue for the quarter amounted to $20.5 billion, surpassing the Street’s estimates. Moreover, its adjusted EPS for the period came in at $8.17, also topping Wall Street’s forecasts.
Analysts’ consensus opinion on the stock is moderately bullish, with a “Moderate Buy” rating overall. Of the 23 analysts covering the stock, 11 recommend a “Strong Buy,” and 12 recommend a “Hold.” CAT’s average analyst price target is $969, indicating an upside of 39.9% from the current level.
On the date of publication, Aritra Gangopadhyay did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
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