Caterpillar (CAT) is set to announce Q1 (Mar) results tomorrow.
S&P CapitalIQ consensus for 32% adjusted EPS growth to $3.79 and 12% revenue growth to $15.27 bln.
Although CAT faced challenges last quarter due to high manufacturing and freight costs and adverse FX impacts, its resilient sales growth across all core segments provided credence to a healthy demand landscape.
While guidance will be crucial in tomorrow's price action, CAT's Q1 results will be a barometer for the health of the construction industry, impacting upcoming earnings reports from big names such as TEX, AGCO, and CMI.
TECHS:
Look for potential support at the 200-day MA if earnings fail to impress.
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