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No Butterflies Here: Caterpillar Dives In Nauseating Knee-Jerk To Earnings Miss
You can add Caterpillar to the growing list of bellwethers that have disappointed the Street over the past couple of months.
Q4 adjusted EPS was $2.55, missing consensus by a mile and coming in well below even the lowest analyst estimate. The top line was a miss too ($14.3 billion versus $14.36 billion).
Perhaps worse, it looks like the guidance is uninspiring. The company is looking for 2019 profit to rise to "a range of $11.75 to $12.75 per share". That's versus consensus of $12.72, although
Jim Cramer thinks this is an excellent opportunity to buy on any weakness. 🤪
and I mean, it may well be. that’s the difference between me and the doomsday crowd. i just know how everything fits into the prevailing macro narrative. i don’t generally purport to know whether that narrative (or any narrative, for that matter) is “correct”. When I trade, I trade on what I know other people think. Not necessarily on what I claim to “know” that other people don’t.