Nine Lives (CAT Earnings)
Caterpillar (CAT) is set to report Q1 results tomorrow before the open at 7:30am ET with a call to follow at 11am ET.
The street is looking for Q1 EPS of $2.10 and revenue of $11.99 bln.
CAT typically guides only an annual basis, not quarterly. Previous 2018 guidance was for non-GAAP EPS of $8.25-9.25. It will be important to see if they adjust this guidance at all.
An important thing to watch for is any commentary related to China.
TECHS:
CAT had a strong 2017, going from $108 in late June to a high of $173 in January 2018. It has since pulled back, on concerns about a trade war with China.
Sympathy stocks to watch include: AGCO, CMI, DE. LNN, TEX, TWI, URI, TSCO.