PREVIEW: Caterpillar's Q2 EPS, revenue seen decreasing

Caterpillar CAT.N shares up ~1% at $432.89 ahead of Q2 results due before the opening bell on Tuesday

The maker of construction and mining equipment is expected to report EPS of $4.90 per share on revenue of $16.26 bln, per LSEG data, vs yr-ago results of $5.99 in EPS and $16.69 bln in revenue

CAT has met or beaten EPS estimates in six of past eight qtrs, with most recent miss in Q1 2025

Of the 27 analysts that cover CAT, the breakdown of recommendations are 13 "strong buy" or "buy," and 14 "hold" ratings; median price target of $387.78 is up from $382.50 a month ago

CAT shares up ~20% YTD stock performance vs 3.7% rise in Dow Industrials .DJI

CAT options imply a 4.3% swing for the shares, in either direction by Friday, per Trade Alert data; that is slightly below the stock's avg move of 4.4% on the day of results over the last eight qtrs