Caterpillar To See Margin Gains As Inventory Levels Normalize: Goldman Sachs
Caterpillar To See Margin Gains As Inventory Levels Normalize: Goldman Sachs
Caterpillar anticipates 2024 sales and revenues to be slightly lower than 2023 (prior view: sales and revenues to be broadly similar), with the year-over-year decline in the second half being roughly similar to the first half.Caterpillar, Inc. (NYSE:CAT) shares are trading higher today after the company reported second-quarter FY24 results. Goldman Sachs analyst Jerry Revich maintained a Buy rating with a price target of $408.
高盛分析师杰瑞•雷维奇维持了对卡特彼勒公司（NYSE: CAT）买入评级并将其目标价上调至408美元，使得其股价今天上涨。
Total sales and revenue for the quarter declined 4% year-over-year to $16.69 billion, beating the consensus of $16.68 billion.
本季度总销售额为166.9亿美元，营业收入同比下降了4%，超过共识的166.8亿美元。
Caterpillar's adjusted earnings were $5.99 per share, compared to $5.55 a year ago and above the consensus of $5.54.
卡特彼勒调整后的每股收益为5.99美元，较去年同期的5.55美元高，并超过预期的5.54美元。
Caterpillar anticipates 2024 sales and revenues to be slightly lower than 2023 (prior view: sales and revenues to be broadly similar), with the year-over-year decline in the second half being roughly similar to the first half.
卡特彼勒预计2024年的销售收入将略低于2023年（先前预计为销售收入基本相同），下半年的同比下降幅度与上半年大致相当。
The analyst anticipates the stock will rise following the results and says that the second quarter performance showed a margin beat driven by price increases, lower manufacturing costs, and solid progress in reducing dealer inventory.
该分析师预计，该公司的股价将在财报公布后上涨，并表示第二季度的表现显示其毛利率超额增长，其价格上涨、制造成本降低以及减少经销商存货的进展表现良好。
According to the analyst, CAT destocked directionally in line with estimates in the quarter while beating on a sustained price/cost spread.
该分析师表示，在本季度，卡特彼勒的去库存方向与估计值大致相符，并在持续的价格/成本差方面表现出色。
Following Komatsu's mining and Volvo's construction equipment updates, Revich noted expectations for orders were lowered going into the quarter.
在小松(adr)和沃尔沃的施工设备更新之后，雷维奇指出，市场对订单的预期在本季度有所下降。
The analyst estimates revenue of $64.66 billion in FY24, $69.69 billion in FY25 and $73.68 billion in FY26.
该分析师预计，卡特彼勒在2024年的营业收入为646.6亿美元，在2025年的营业收入为696.9亿美元，在2026年的营业收入为736.8亿美元。
Investors can gain exposure to the stock via Global X Funds Global X Dow 30 Covered Call ETF (NYSE:DJIA) and Global X Funds Global X Dow 30 Covered Call & Growth ETF (NYSE:DYLG).
投资者可以通过Global X Funds Global X Dow 30 Covered Call ETF（纽交所：DJIA）和Global X Funds Global X Dow 30 Covered Call & Growth ETF（纽交所：DYLG）获得对该公司股票的投资。
Price Action: CAT shares are up 3.69% at $328.49 at the last check Tuesday.
截至本周二的最后一次查询，卡特彼勒股价为328.49美元，上涨3.69%。
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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