Caterpillar Inc. manufactures and sells construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives in worldwide. Its Construction Industries segment offers asphalt pavers, compactors, road reclaimers, forestry machines, cold planers, material handlers, track-type tractors, excavators, telehandlers, motor graders, and pipelayers; compact track, wheel, track-type, backhoe, and skid steer loaders; and related parts and tools. The company's Resource Industries segment provides electric rope and hydraulic shovels, draglines, rotary drills, hard rock vehicles, tractors, mining trucks, wheel loaders, off-highway and articulated trucks, wheel tractor scrapers and dozers, fleet management products, landfill and soil compactors, machinery components, autonomous ready vehicles and solutions, work tools, and safety services and mining performance solutions, as well as related parts and services. Its Energy & Transportation segment offers reciprocating engine powered generator sets; reciprocating engines, drivetrain, and integrated systems and solutions; turbines, centrifugal gas compressors, and related services; and diesel-electric locomotives and components, and other rail-related products. The company's Financial Products segment provides operating and finance leases, installment sale contracts, revolving charge accounts, repair/rebuild financing services, working capital loans, and wholesale financing; and insurance and risk management products and services. Its All Other Operating segment offers filters and fluids, undercarriage, ground engaging tools, fluid transfer products, precision seals, and rubber sealing and connecting components; parts distribution; logistics solutions and distribution services; brand management and marketing strategy services; and digital investments services. Caterpillar Inc. was founded in 1925 and is headquartered in Irving, Texas.

Caterpillar, Inc. демонстрирует сильные финансовые показатели, при этом многие мультипликаторы, такие как P/E и P/S, значительно превышают отраслевые медианы, что указывает на возможную переоцененность акций. Тем не менее, компания показывает высокие значения ROE и ROA, что свидетельствует о высокой эффективности использования капитала. Долговая нагрузка также вызывает некоторые опасения, так как коэффициент долга к капиталу находится выше медианы отрасли, что может увеличивать финансовые риски. Дивидендная доходность снизилась, что негативно сказывается на привлекательности для инвесторов. При этом рост выручки и чистой прибыли по годам, а также положительная динамика операционной и валовой маржи позволяют считать компанию финансово устойчивой. В целом, несмотря на некоторые негативные аспекты, такие как высокая финансовая нагрузка и переоцененные мультипликаторы, сильные фундаментальные показатели и потенциал роста делают Caterpillar интересной для долгосрочных инвестиций.

Caterpillar, Inc.

The following companies are expected to report earnings prior to market open on 04/30/2026. Visit our Earnings Calendar for a full list of expected earnings releases.
Eli Lilly and Company (LLY)is reporting for the quarter ending March 31, 2026. The large cap pharmaceutical company's consensus earnings per share forecast from the 6 analysts that follow the stock is $7.06. This value represents a 111.38% increase compared to the same quarter last year. LLY missed the consensus earnings per share in the 1st calendar quarter of 2025 by -5.11%. Zacks Investment Research reports that the 2026 Price to Earnings ratio for LLY is 25.86 vs. an industry ratio of 15.00, implying that they will have a higher earnings growth than their competitors in the same industry.
Mastercard Incorporated (MA)is reporting for the quarter ending March 31, 2026. The financial transactions company's consensus earnings per share forecast from the 12 analysts that follow the stock is $4.40. This value represents a 17.96% increase compared to the same quarter last year. In the past year MA has beat the expectations every quarter. The highest one was in the 4th calendar quarter where they beat the consensus by 13.33%. Caterpillar, Inc. (CAT)is reporting for the quarter ending March 31, 2026. The machinery company's consensus earnings per share forecast from the 10 analysts that follow the stock is $4.55. This value represents a 7.06% increase compared to the same quarter last year. Zacks Investment Research reports that the 2026 Price to Earnings ratio for CAT is 35.73 vs. an industry ratio of 13.20, implying that they will have a higher earnings growth than their competitors in the same industry.
Merck & Company, Inc. (MRK)is reporting for the quarter ending March 31, 2026. The large cap pharmaceutical company's consensus earnings per share forecast from the 5 analysts that follow the stock is $-1.51. This value represents a 168.02% decrease compared to the same quarter last year. In the past year MRK has beat the expectations every quarter. The highest one was in the 4th calendar quarter where they beat the consensus by 0.49%. Zacks Investment Research reports that the 2026 Price to Earnings ratio for MRK is 22.50 vs. an industry ratio of 15.00, implying that they will have a higher earnings growth than their competitors in the same industry.
ConocoPhillips (COP)is reporting for the quarter ending March 31, 2026. The oil company's consensus earnings per share forecast from the 8 analysts that follow the stock is $1.65. This value represents a 21.05% decrease compared to the same quarter last year. COP missed the consensus earnings per share in the 4th calendar quarter of 2025 by -5.56%. Zacks Investment Research reports that the 2026 Price to Earnings ratio for COP is 14.70 vs. an industry ratio of -3.00, implying that they will have a higher earnings growth than their competitors in the same industry.
Parker-Hannifin Corporation (PH)is reporting for the quarter ending March 31, 2026. The machinery company's consensus earnings per share forecast from the 8 analysts that follow the stock is $7.85. This value represents a 13.11% increase compared to the same quarter last year. In the past year PH has beat the expectations every quarter. The highest one was in the 4th calendar quarter where they beat the consensus by 6.99%. Zacks Investment Research reports that the 2026 Price to Earnings ratio for PH is 31.00 vs. an industry ratio of 12.40, implying that they will have a higher earnings growth than their competitors in the same industry.
Bristol-Myers Squibb Company (BMY)is reporting for the quarter ending March 31, 2026. The biomedical (gene) company's consensus earnings per share forecast from the 10 analysts that follow the stock is $1.44. This value represents a 20.00% decrease compared to the same quarter last year. In the past year BMY has beat the expectations every quarter. The highest one was in the 4th calendar quarter where they beat the consensus by 9.57%. Zacks Investment Research reports that the 2026 Price to Earnings ratio for BMY is 9.28 vs. an industry ratio of -6.40, implying that they will have a higher earnings growth than their competitors in the same industry.
Altria Group (MO)is reporting for the quarter ending March 31, 2026. The tobacco company's consensus earnings per share forecast from the 5 analysts that follow the stock is $1.24. This value represents a 0.81% increase compared to the same quarter last year. MO missed the consensus earnings per share in the 4th calendar quarter of 2025 by -0.76%. Zacks Investment Research reports that the 2026 Price to Earnings ratio for MO is 12.09 vs. an industry ratio of 13.00.
Southern Company (SO)is reporting for the quarter ending March 31, 2026. The electric power utilities company's consensus earnings per share forecast from the 7 analysts that follow the stock is $1.21. This value represents a 1.63% decrease compared to the same quarter last year. SO missed the consensus earnings per share in the 4th calendar quarter of 2025 by -1.79%. Zacks Investment Research reports that the 2026 Price to Earnings ratio for SO is 20.61 vs. an industry ratio of 18.20, implying that they will have a higher earnings growth than their competitors in the same industry.
Trane Technologies plc (TT)is reporting for the quarter ending March 31, 2026. The technology services company's consensus earnings per share forecast from the 6 analysts that follow the stock is $2.53. This value represents a 3.27% increase compared to the same quarter last year. In the past year TT has beat the expectations every quarter. The highest one was in the 4th calendar quarter where they beat the consensus by 1.42%. Zacks Investment Research reports that the 2026 Price to Earnings ratio for TT is 32.59 vs. an industry ratio of 11.50, implying that they will have a higher earnings growth than their competitors in the same industry.
Quanta Services, Inc. (PWR)is reporting for the quarter ending March 31, 2026. The engineering company's consensus earnings per share forecast from the 7 analysts that follow the stock is $1.76. This value represents a 11.39% increase compared to the same quarter last year. In the past year PWR has beat the expectations every quarter. The highest one was in the 4th calendar quarter where they beat the consensus by 4.33%. Zacks Investment Research reports that the 2026 Price to Earnings ratio for PWR is 52.71 vs. an industry ratio of 11.10, implying that they will have a higher earnings growth than their competitors in the same industry.
Intercontinental Exchange Inc. (ICE)is reporting for the quarter ending March 31, 2026. The securities exchange company's consensus earnings per share forecast from the 8 analysts that follow the stock is $2.22. This value represents a 29.07% increase compared to the same quarter last year. In the past year ICE has beat the expectations every quarter. The highest one was in the 4th calendar quarter where they beat the consensus by 2.4%. Zacks Investment Research reports that the 2026 Price to Earnings ratio for ICE is 19.39 vs. an industry ratio of 22.40.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Pre-Market Earnings Report for April 30, 2026 : LLY, MA, CAT, MRK, COP, PH, BMY, MO, SO, TT, PWR, ICE

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Russell 1000 ETF (Symbol: IWB) where we have detected an approximate $683.7 million dollar outflow -- that's a 1.5% decrease week over week (from 119,450,000 to 117,700,000). Among the largest underlying components of IWB, in trading today Eli Lilly (Symbol: LLY) is down about 0.6%, Visa Inc (Symbol: V) is up about 0.3%, and Caterpillar Inc. (Symbol: CAT) is lower by about 1.2%. For a complete list of holdings, visit the IWB Holdings page » The chart below shows the one year price performance of IWB, versus its 200 day moving average:
Looking at the chart above, IWB's low point in its 52 week range is $297.3275 per share, with $390.92 as the 52 week high point — that compares with a last trade of $390.42. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
Never miss the next high-yield opportunity: Preferred Stock Alerts sends timely, actionable picks on income-producing preferred stocks and baby bonds, straight to your inbox.
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Also see:
Analyst Rated Dividend Stocks
Institutional Holders of HDEF
Stocks Conducting Buybacks That Hedge Funds Are Selling
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Notable ETF Outflow Detected - IWB, LLY, V, CAT

Wall Street analysts expect Caterpillar (CAT) to post quarterly earnings of $4.55 per share in its upcoming report, which indicates a year-over-year increase of 7.1%. Revenues are expected to be $16.42 billion, up 15.2% from the year-ago quarter.
The consensus EPS estimate for the quarter has undergone an upward revision of 0.2% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
Given this perspective, it's time to examine the average forecasts of specific Caterpillar metrics that are routinely monitored and predicted by Wall Street analysts.
The combined assessment of analysts suggests that 'Total sales and revenues- Machinery, Power & Energy- Total' will likely reach $15.39 billion. The estimate points to a change of +15% from the year-ago quarter.
Analysts expect 'Total sales and revenues- Machinery, Power & Energy- Resource Industries' to come in at $3.69 billion. The estimate indicates a year-over-year change of +27.9%.
Analysts forecast 'Inter-segment sales and revenue- Machinery, Power & Energy- Energy & Transportation' to reach $1.21 billion. The estimate points to a change of +3.7% from the year-ago quarter.
The collective assessment of analysts points to an estimated 'Total sales and revenues- Machinery, Power & Energy- All Other Segments' of $102.89 million. The estimate indicates a year-over-year change of +13.1%.
It is projected by analysts that the 'Sales and Revenues- Asia/Pacific- Machinery, Power & Energy- Total' will reach $2.67 billion. The estimate indicates a change of +11.2% from the prior-year quarter.
The average prediction of analysts places 'Sales and Revenues- Asia/Pacific- Machinery, Power & Energy- All Other Segments' at $12.46 million. The estimate suggests a change of +3.8% year over year.
According to the collective judgment of analysts, 'Sales and Revenues- Latin America- Machinery, Power & Energy- Total' should come in at $1.58 billion. The estimate suggests a change of +9.9% year over year.
Analysts' assessment points toward 'Sales and Revenues- North America- Machinery, Power & Energy- Total' reaching $8.30 billion. The estimate indicates a year-over-year change of +16.3%.
Based on the collective assessment of analysts, 'Sales and Revenues- North America- Machinery, Power & Energy- Construction Industries' should arrive at $3.36 billion. The estimate points to a change of +15.9% from the year-ago quarter.
The consensus among analysts is that 'Sales and Revenues- North America- Machinery, Power & Energy- Resource Industries' will reach $1.42 billion. The estimate indicates a year-over-year change of +31.2%.
The consensus estimate for 'Sales and Revenues- North America- Machinery, Power & Energy- Power & Energy' stands at $3.50 billion. The estimate indicates a change of +11.5% from the prior-year quarter.
Analysts predict that the 'Price Realization - Machinery, Power & Energy - Power & Energy' will reach $197.64 million. Compared to the current estimate, the company reported $155.00 million in the same quarter of the previous year.
View all Key Company Metrics for Caterpillar here>>>
Shares of Caterpillar have experienced a change of +19.5% in the past month compared to the +9.3% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), CAT is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
Radical New Technology Could Hand Investors Huge Gains
Quantum Computing is the next technological revolution, and it could be even more advanced than AI.
While some believed the technology was years away, it is already present and moving fast. Large hyperscalers, such as Microsoft, Google, Amazon, Oracle, and even Meta and Tesla, are scrambling to integrate quantum computing into their infrastructure.
Senior Stock Strategist Kevin Cook reveals 7 carefully selected stocks poised to dominate the quantum computing landscape in his report, Beyond AI: The Quantum Leap in Computing Power.
Kevin was among the early experts who recognized NVIDIA's enormous potential back in 2016. Now, he has keyed in on what could be "the next big thing" in quantum computing supremacy. Today, you have a rare chance to position your portfolio at the forefront of this opportunity.
See Top Quantum Stocks Now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Ahead of Caterpillar (CAT) Q1 Earnings: Get Ready With Wall Street Estimates for Key Metrics

For most investors, how much a stock's price changes over time is important. Not only can it impact your investment portfolio, but it can also help you compare investment results across sectors and industries.
FOMO, or the fear of missing out, also plays a role in investing, particularly with tech giants and popular consumer-facing stocks.
What if you'd invested in Caterpillar (CAT) ten years ago? It may not have been easy to hold on to CAT for all that time, but if you did, how much would your investment be worth today?
Caterpillar's Business In-Depth
With that in mind, let's take a look at Caterpillar's main business drivers.
Caterpillar, known for its iconic yellow machines, is the largest global construction and mining equipment manufacturer. Given that it serves a gamut of sectors - infrastructure, construction, mining, oil & gas and transportation, the company is considered a bellwether of the global economy.
Since 1925, Caterpillar’s product portfolio has evolved and boasts 20 brands and generated revenues of $67.6 billion in 2025. It has more than 4 million products with an extensive dealer network of 156 dealers spanning 190 countries.
Caterpillar started using telematics in the 1990s and reached its target of 1 million connected assets in 2019. It currently has more than 1.5 million connected assets. The combination of innovation, and cutting-edge technology, coupled with the formidable reputation, set Caterpillar apart from its peers.
Caterpillar is the 24th largest company on the S&P 500 Index, with a market capitalization of around $389 billion. It holds the second position in the Dow Jones Industrial Average, with a 10.50% weight. It is also a member of the S&P 500 Dividend Aristocrat Index.
The Irving, TX-based company has six operating segments.
Machinery, Power & Energy (MP&E) (around 95% of total revenues in 2025) includes the Construction Industries segment, which manufactures machinery utilized in infrastructure, forestry and building construction.
The Resource Industries segment caters to customers using machinery in mining, quarry and aggregates, heavy construction, waste and material handling applications.
The Power & Energy segment supports customers in oil and gas, power generation, marine, rail and industrial applications.
All Other Segments primarily comprise activities such as re-manufacturing CAT engines and components and re-manufacturing services for other companies and product management, development, manufacturing, marketing and product support.
Financial Products Segment (5% of total revenues in 2025) provides retail and wholesale financing alternatives for Caterpillar products.
Bottom Line
Anyone can invest, but building a successful investment portfolio takes a combination of a few things: research, patience, and a little bit of risk. So, if you had invested in Caterpillar a decade ago, you're probably feeling pretty good about your investment today.
A $1000 investment made in April 2016 would be worth $10,607.64, or a 960.76% gain, as of April 27, 2026, according to our calculations. Investors should note that this return excludes dividends but includes price increases.
Compare this to the S&P 500's rally of 242.57% and gold's return of 265.00% over the same time frame.
Looking ahead, analysts are expecting more upside for CAT.
Caterpillar continues to post revenue growth, driven by higher volumes across all segments. The company returned to earnings growth in the fourth quarter of 2025 (albeit a modest 0.4%) after five quarters of declines. This a notable achievement given the ongoing tariff headwinds. This is expected to persist into 2026, with management projecting a $2.6 billion impact. A record backlog of $51.2 billion should support future sales. The Construction Industries segment stands to benefit from rising construction activity in the United States and globally, while Resource Industries will gain from steady commodity demand. In Power & Energy, sustainability initiatives and data-center investments are driving demand. Caterpillar's focus on building aftermarket parts and service-related revenues (which generate high margins) will aid growth.
Over the past four weeks, shares have rallied 19.47%, and there have been 6 higher earnings estimate revisions in the past two months for fiscal 2026 compared to none lower. The consensus estimate has moved up as well.
Radical New Technology Could Hand Investors Huge Gains
Quantum Computing is the next technological revolution, and it could be even more advanced than AI.
While some believed the technology was years away, it is already present and moving fast. Large hyperscalers, such as Microsoft, Google, Amazon, Oracle, and even Meta and Tesla, are scrambling to integrate quantum computing into their infrastructure.
Senior Stock Strategist Kevin Cook reveals 7 carefully selected stocks poised to dominate the quantum computing landscape in his report, Beyond AI: The Quantum Leap in Computing Power.
Kevin was among the early experts who recognized NVIDIA's enormous potential back in 2016. Now, he has keyed in on what could be "the next big thing" in quantum computing supremacy. Today, you have a rare chance to position your portfolio at the forefront of this opportunity.
See Top Quantum Stocks Now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Here's How Much You'd Have If You Invested $1000 in Caterpillar a Decade Ago

Friday, April 24, 2026
The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including Caterpillar Inc. (CAT), Texas Instruments Inc. (TXN) and The Boeing Co. (BA), as well as two micro-cap stocks Kewaunee Scientific Corp. (KEQU) and Vaso Corp. (VASO). The Zacks microcap research is unique as our research content on these small and under-the-radar companies is the only research of its type in the country.
These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.
You can see all of today’s research reports here >>>
Ahead of Wall Street
The daily 'Ahead of Wall Street' article is a must-read for all investors who would like to be ready for that day's trading action. The article comes out before the market opens, attempting to make sense of that morning's economic releases and how they will affect that day's market action. You can read this article for free on our home page and can actually sign up there to get an email notification as this article comes out each morning.
You can read today's AWS here >>> Earnings Season, Middle East Truce Talks, Gain Favor
Caterpillar’s shares have outperformed the Zacks Manufacturing - Construction and Mining industry over the past six months (+60.5% vs. +48.5%). The company continues to post revenue growth, driven by higher volumes across all segments. Caterpillar returned to earnings growth in the fourth quarter of 2025 (albeit by a modest +0.4%) after five quarters of declines. This is a notable achievement given the ongoing tariff headwind. This is expected to persist into 2026, with management projecting a $2.6 billion impact.
A record backlog of $51.2 billion should support future sales. The Construction Industries segment stands to benefit from rising construction activity in the United States and globally, while Resource Industries will gain from steady commodity demand.
In Power & Energy, sustainability initiatives and data-center investments are driving demand. Caterpillar’s focus on building aftermarket parts and service-related revenues (which generate high margins) will aid growth.
(You can read the full research report on Caterpillar here >>>)
Shares of Texas Instruments have outperformed the Zacks Semiconductor - General industry over the past six months (+69.4% vs. +11.5%). The company is benefiting from solid data center demand, which is boosting its prospects in the enterprise systems market. A sustained focus on expanding its product portfolio across the Analog and Embedded Processing segments helps capture market share.
Texas Instruments’ deepening focus on internal manufacturing and advanced technology infusion is another positive. Its robust cash flows and aggressive shareholder return policies instill confidence in its long-term prospects.
However, its overall growth might be impacted by a slow recovery in the industrial market, as customers are cautiously spending amid ongoing macroeconomic uncertainties. Rising manufacturing costs and the growing tech war between the United States and China are other concerns.
(You can read the full research report on Texas Instruments here >>>)
Boeing’s shares have outperformed the Zacks Aerospace - Defense industry over the past six months (+5.8% vs. -7.8%). The company ended the first quarter of 2026 on a solid note, with its revenues and earnings having surpassed the respective Zacks Consensus Estimate. Boeing remains one of the largest U.S. commercial aircraft manufacturers.
Steadily growing commercial air travel should boost Boeing’s service business unit. The outlook for Boeing’s defense and space business segment also remains optimistic. Government’s inclination toward strengthening the nation’s defense and space system should act as a growth catalyst for Boeing.
However, Boeing faces risks related to the shortage of skilled labor. Trade tensions between the United States and China may cause Boeing to be unsuccessful in the timely delivery of its jets and thereby hurt its operational performance.
(You can read the full research report on Boeing here >>>)
Shares of Kewaunee Scientific have outperformed the Zacks Instruments - Scientific industry over the past year (+4.9% vs. -6.3%). This microcap company with a market capitalization of $103.51 million is strengthening its business mix through the Nu Aire integration, expanding beyond cyclical lab construction into recurring airflow and containment products, which helps stabilize utilization and earnings.
A solid backlog provides near-term revenue visibility despite normalization, while a growing international segment—led by India—and turnkey project capabilities enhance diversification, customer stickiness, and share of wallet. Ongoing reinvestment in systems and talent supports scalability and operational discipline.
However, domestic operations remain exposed to construction timing volatility, pressuring margins. Corporate costs continue to weigh on profitability during platform buildout, and liquidity has tightened amid debt servicing. Rising stock-based compensation also creates ongoing margin and EPS headwinds.
(You can read the full research report on Kewaunee Scientific here >>>)
Vaso’s shares have outperformed the Zacks Medical - Instruments industry over the past year (+45.7% vs. -0.8%). This microcap company with a market capitalization of $33.22 million has maintained a balance between structural stability and execution risk. Its diversified operating model and growing deferred revenue base support revenue visibility, while a long-term partnership provides continuity but also introduces customer concentration and dependence on delivery cycles.
The ongoing shift toward managed IT services and software-led solutions aligns with industry trends, though uneven execution and prior asset impairments reflect challenges in translating strategy into consistent earnings. Profitability remains constrained by a high-cost structure, limiting operating leverage.
Strong liquidity provides flexibility, but cash generation is still influenced by timing dynamics. The valuation suggests investor skepticism around earnings quality, scalability and Vaso’s ability to convert its positioning into durable returns.
(You can read the full research report on Vaso here >>>)
Other noteworthy reports we are featuring today include The Charles Schwab Corp. (SCHW), Amgen Inc. (AMGN) and CSX Corp. (CSX).
Mark Vickery
Senior Editor
Note: Sheraz Mian heads the Zacks Equity Research department and is a well-regarded expert of aggregate earnings. He is frequently quoted in the print and electronic media and publishes the weekly Earnings Trends and Earnings Preview reports. If you want an email notification each time Sheraz publishes a new article, please click here>>>
Today's Must Read
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DRAM and HBM Growth Continues to Aid Formfactor's (FORM) Prospects
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Pilgrim's Pride (PPC) Faces Demand Shift and Competitive Pressures
Per the Zacks analyst, shifting consumer behavior and intense industry competition may pressure Pilgrim's Pride's sales volumes, pricing power and margins in a challenging demand environment.
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The Zacks analyst is concerned that weak demand in end markets, along with higher maintenance outage expense will continue to impact International Paper's results.
7 Best Stocks for the Next 30 Days
Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Top Stock Reports for Caterpillar, Texas Instruments & Boeing

In early trading on Thursday, shares of Verizon Communications topped the list of the day's best performing Dow Jones Industrial Average components, trading up 2.1%. Year to date, Verizon Communications registers a 15.2% gain.
And the worst performing Dow component thus far on the day is International Business Machines, trading down 11.1%. International Business Machines is lower by about 24.4% looking at the year to date performance.
Two other components making moves today are Salesforce, trading down 6.8%, and Caterpillar, trading up 2.1% on the day.
VIDEO: Dow Movers: IBM, VZ
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Dow Movers: IBM, VZ

Pentair plc PNR is set to release its first-quarter 2026 results on April 28, before the opening bell.
The Zacks Consensus Estimate for PNR’s first-quarter sales is pegged at $1.03 billion, indicating 2% growth from the year-ago reported figure.
The Zacks Consensus Estimate for PNR’s earnings has remained stable at $1.17 over the past 60 days, suggesting year-over-year growth of 8.3%.
Image Source: Zacks Investment Research
Pentair’s Strong Earnings Surprise History
PNR’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average earnings surprise of 5.1%. This is depicted in the following chart.
Image Source: Zacks Investment Research
What the Zacks Model Unveils for PNR Stock
Our model does not conclusively predict an earnings beat for Pentair this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. However, that is not the case here, as you can see below.
Earnings ESP: Pentair has an Earnings ESP of -0.07%. You can uncover the best stocks before they are reported with our Earnings ESP Filter.
Zacks Rank: PNR currently carries a Zacks Rank of 3. You can see the complete list of today’s Zacks #1 Rank stocks here.
Factors Likely to Have Shaped Pentair’s Q1 Performance
For the first quarter, Pentair expects sales to be up approximately 1% to 2%, consistent with seasonal trends, with the first quarter being the weakest in the year. Over the past few quarters, Pentair’s revenues have been driven by the Pool and Flow segments, which have helped offset the decline at the Water Solutions segment. This is expected to have continued in the first quarter of 2026 as well.
After witnessing lower volumes for five consecutive quarters, the Pool segment saw a rebound in volumes in the second quarter of 2024 with 17.1% growth. However, momentum has since cooled with volume growth reported in single digits, primarily led by pricing. In the fourth quarter of 2025, the segment reported a 1% rise in volumes, which was the lowest for the year. The segment’s growth in revenues has mainly been driven by pricing. We anticipate volume growth and pricing impact to have been flat in the first quarter of 2026. Our model projects the Pool segment’s sales for the first quarter of 2026 to $384 million, in line with the year-ago results.
We expect the Flow segment’s sales to be $393.5 million, indicating an increase of 7% from the prior-year quarter’s actual. Our model predicts a 0.2% year-over-year jump in volumes. Pricing is expected to have a positive impact of 4.3%, while acquisitions, reflecting the contribution of Hydra-stop, are expected to have added 1.5%.
The Water Solutions segment has been witnessing a decline in sales in the past seven quarters, reflecting the impact of portfolio exits. Our model predicts the Water Solutions segment’s net sales to drop 3.3% year over year to $249.7 million. Volumes and pricing are expected to have been flat in the quarter.
Despite ongoing challenges such as tight raw material supply, elevated logistics costs and declines in the Water Solutions segment, Pentair has continued to expand its margins. This has been possible through pricing actions, cost efficiencies and benefits from its Transformation initiatives. This trend is expected to have persisted in the first quarter of 2026.
We project the company’s total operating income to be $253.5 million, implying a 4.5% increase year over year. Adjusted operating margin is projected at 24.7% for the first quarter of 2026 compared with 24% in the first quarter of 2025.
Our model projects the Pool segment’s adjusted operating margin to be 33%, slightly higher than 32.8% in the first quarter of 2025. The Water Solutions segment’s projected adjusted operating margin is 25%, slightly higher than 23.5% in the first quarter of 2025. The Flow segment’s adjusted operating margin is pegged at 23.8%, higher than 22.7% in the year-ago quarter.
PNR Stock Price Performance
Pentair shares have gained 2.1% over the past year against the industry’s 8.6% decline.
Image Source: Zacks Investment Research
Stocks That Warrant a Look
Here are some companies with the right combination of elements to post an earnings beat in their upcoming releases.
Powell Industries POWL, set to release first-quarter 2026 results on May 4, has an Earnings ESP of +4.77% and a Zacks Rank of 1 at present.
The Zacks Consensus Estimate for Powell Industries’ first-quarter 2026 earnings is pegged at $1.29 per share, suggesting a year-over-year rise of 1.57%. Powell Industries has a trailing four-quarter average surprise of 12.94%.
Kennametal KMT, slated to release first-quarter 2026 results on May 6, has an Earnings ESP of +5.88% and a Zacks Rank of 1 at present.
The Zacks Consensus Estimate for Kennametal’s first-quarter 2026 earnings is pegged at 68 cents per share, calling for a year-over-year jump of 44.7%. Kennametal has a trailing four-quarter average surprise of 35.4%.
Caterpillar CAT, slated to release first-quarter 2025 results on April 30, has an Earnings ESP of +1.14% and a Zacks Rank of 3 at present. The Zacks Consensus Estimate for Caterpillar’s first-quarter 2026 earnings is pegged at $4.54 per share, implying a year-over-year rise of 6.8%. Caterpillar has a trailing four-quarter average surprise of 3.9%.
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PNR Gears Up to Report Q1 Earnings: What's in the Offing for the Stock?

In the latest trading session, Caterpillar (CAT) closed at $808.87, marking a +1.05% move from the previous day. The stock's performance was in sync with S&P 500. At the same time, the Dow added 0.69%, and the tech-heavy Nasdaq gained 1.64%.
The construction equipment company's shares have seen an increase of 11.7% over the last month, surpassing the Industrial Products sector's gain of 9.4% and the S&P 500's gain of 8.59%.
The investment community will be paying close attention to the earnings performance of Caterpillar in its upcoming release. The company is slated to reveal its earnings on April 30, 2026. The company's upcoming EPS is projected at $4.54, signifying a 6.82% increase compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $16.42 billion, indicating a 15.22% growth compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $22.88 per share and revenue of $73.66 billion, which would represent changes of +20.04% and +8.98%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Caterpillar. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 0.7% higher. Caterpillar currently has a Zacks Rank of #3 (Hold).
Looking at its valuation, Caterpillar is holding a Forward P/E ratio of 34.99. This valuation marks a premium compared to its industry average Forward P/E of 15.77.
We can also see that CAT currently has a PEG ratio of 1.88. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The average PEG ratio for the Manufacturing - Construction and Mining industry stood at 2.03 at the close of the market yesterday.
The Manufacturing - Construction and Mining industry is part of the Industrial Products sector. Currently, this industry holds a Zacks Industry Rank of 94, positioning it in the top 39% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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Caterpillar (CAT) Stock Moves 1.05%: What You Should Know

The S&P’s New High Is Anything but Blah

For Immediate Release
Chicago, IL – April 20, 2026 – Today, Zacks Investment Ideas feature highlights Caterpillar CAT and Eaton ETN.
These Red-Hot AI Infrastructure Stocks Keep Paying Dividends
Both Caterpillar and Eaton continue to deliver stellar performances in 2026, outperforming the S&P 500 by a wide margin. The stocks reflect lesser-discussed options for obtaining exposure to the artificial intelligence (AI) buildout, with their consistent dividend payouts throughout their histories making them attractive to investors with an appetite for income as well.
Both companies have benefited from the AI buildout, with their offerings remaining critical for the continued data center craze. It’s worth noting that Caterpillar’s products generate the raw power for data centers, while Eaton manages, distributes, and cools that power within the facilities to keep AI chips running.
Caterpillar Helps Power Data Centers
Caterpillar posted robust results in its latest release, continuing a streak of impressive numbers over the past year or so. Sales of $19.1 billion marked a quarterly record, with its backlog of $51 billion climbing 70% YoY and also reflecting a record.
Its Power & Energy segment in the above-mentioned quarter helped drive the strong results, with sales of $9.4 billion climbing 23% year-over-year thanks to higher demand for power products used in data center applications, primarily large reciprocating engines.
Concerning Power Generation specifically, sales grew by a rock-solid 44% year-over-year, underpinning its favorable position in data center applications.
The outsized sales growth has helped push shares near all-time highs, with Caterpillar’s shareholder-friendly nature also a major positive, as it deployed $7.9 billion in cash for share repurchases and dividend payouts throughout its FY25. Keep in mind that the company also holds the elite Dividend Aristocrat title.
Sales revisions for its current fiscal year remain bullish, driven by a strong demand environment, and EPS revisions reflect the same bullish trend.
Eaton Breaks Multiple Records
Accelerating orders and continued backlog growth also contributed to a recent record-breaking quarter from Eaton, with adjusted EPS of $3.33 reflecting a record alongside all-time high quarterly sales of $7.1 billion that grew 13% year-over-year.
Strong demand for power solutions helped drive the strong results, with both its Electrical Americas and Electrical Global segments posting all-time-high sales figures. The demand picture has also boosted its cash-generating ability, with free cash flow rising 17% YoY to a new company high of $1.6 billion.
The cash generation throughout its history has allowed it to reward shareholders nicely, currently sporting a 7.8% five-year annualized dividend growth rate. While the company isn’t a Dividend Aristocrat like CAT, Eaton has paid a dividend on its shares every year since 1923.
Bottom Line
Both companies above – Caterpillar and Eaton – have emerged as strong AI infrastructure plays, particularly on the power side. Red-hot demand pictures stemming from the buildout have led to record-breaking quarterly results for each, with shares benefiting in a big way. It’s reasonable to expect continued momentum as companies scramble to secure power products for their data centers, a trend that appears set to continue for at least a few years.
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Indicator	TTM Median
P/E	44.04 24.84
Price/Sales	5.71 1.43
P/B	18.53 2.53
P/FCF	47.24 19.47

Indicator	TTM Median
ROE	45.15 15.45
ROA	9.67 6.27
ROI	18.61 9.37
Net Worth	383.58 1.47
Quick Ratio	0.94 1.16
Current Ratio	1.44 1.59

Indicator	TTM Median
Net Profit Margin	13.14 7.32
Operating Margin	16.50 10.08
Gross Margin	33.79 32.41
Return on tangible equity	68.24 26.20

Indicator	TTM Median
EPS	5.16 0.62
EPS Forecast	4.67 0.58
Revenue	19.13B 194.00M
Gross Profit	5.83B —
EBITDA	3.97B —

Caterpillar, Inc.

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