Caterpillar (CAT) Beats Market with 2.13% Gain: What You Need to Know

Caterpillar (CAT) closed at $716.63, a +2.13% move from the previous day, outpacing the S&P 500's daily loss of 0.37%. The company's shares have witnessed a loss of 7.24% over the previous month, beating the performance of the Industrial Products sector. Analysts expect Caterpillar to post earnings of $4.49 per share and revenue of $16.45 billion in its upcoming report, marking year-over-year growth of 5.65% and 15.44%, respectively. The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, with stocks at #1 delivering an average annual return of +25% since 1988.