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How Caterpillar Stock Performed since Its Q3 Earnings

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Jan. 25 2019, Updated 10:25 a.m. ET

Caterpillar’s fourth-quarter earnings

In a press release on January 14, Caterpillar (CAT) said that it will announce its fourth-quarter earnings results before the market opens on January 28. Management will hold a conference at 10:00 AM EST on the same day to discuss the results.

In this series, we’ll discuss how Caterpillar stock has performed since its third-quarter earnings were released. We’ll review analysts’ revenue and earnings estimates for the third quarter and analysts’ latest views and target prices.

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Caterpillar announced its third-quarter earnings on October 23. Since then, the stock has gained ~11.1%. In comparison, Deere (DE), Illinois Tool Works (ITW), and Stanley Black & Decker (SWK) have gained 13.5%, 34%, and 1.3%, respectively. Caterpillar also outperformed the S&P 500 (SPY), which has fallen 3.6%.

Since Caterpillar’s third-quarter earnings, the stock has remained positive. The trade tension eased between the US and China. Both countries agreed to work together on trade issues, which lifted industrial stocks. Caterpillar has been consistently beating analysts’ estimates. A repeat performance could help the stock increase and recover some of its lost ground.

Moving average and RSI

The strong gains after the third-quarter earnings helped Caterpillar trade marginally below its 100-day moving average of $133.73, which implies that the stock is bouncing back. Caterpillar’s RSI (relative strength index) of 59 indicates that the stock isn’t overbought or oversold.

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