PREVIEW: Caterpillar revenue seen climbing in Q4

Caterpillar CAT.N shares up 0.5% to $642.26 ahead of Q4 results due before the opening bell on Thursday

Q4 revenue seen rising 10% yr/yr to $17.86 billion and adj EPS of $4.68 expected, per LSEG data, vs yr-ago EPS of $5.14

CAT has met or beaten EPS estimates in five of past eight qtrs, with most recent miss in Q2 2025

Of the 29 analysts covering CAT, the breakdown of recommendations is 15 "strong buy" or "buy," 12 "hold" and 2 "sell" ratings

Median price target of $623.27 is up from $596.21 a month ago - LSEG

"We believe CAT's powergen story is now well appreciated but that acceleration in other businesses can still drive the shares higher," said Jefferies analyst Stephen Volkmann, who has a $750 price target on the stock, in a note on Monday

With the advance on the session, CAT shares up ~12% YTD vs 2% gain in Dow Industrials .DJI