Caterpillar Expected to Earn $2.90 a Share

Caterpillar Inc. (CAT - Get Report) is expected to report adjusted net income of $1.6 billion, or $2.90 a share, on sales of $13.4 billion before the market opens on Wednesday, based on a FactSet survey of 24 analysts.

In the same period a year ago, the company posted earnings of $2.86 a share on sales of $13.5 billion. It reported net income of $1.7 billion.

The stock has risen 0.2% since the company last reported earnings on July 24.

Quarterly estimates have fallen 5.2 cents a share in the past month.

In the upcoming quarter, analysts are forecasting adjusted net income of $1.6 billion, or $2.92 a share, on sales of $14.3 billion.

Caterpillar is currently trading at a price-to-forward-earnings ratio of 11.3 based on the 12-month estimates of 27 analysts surveyed by FactSet.

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