Photographer: Daniel Acker/Bloomberg
Caterpillar Earnings Outlook Improves Most Among Dow MembersBy
Confidence is growing in Caterpillar Inc.’s ability to tap recoveries in global commodity industries and economies.
Analysts tracking the world’s biggest maker of construction and mining equipment have lifted their quarterly earnings estimates by 41 percent on average in the past three months, according to data compiled by Bloomberg.
That’s the biggest increase among members of the Dow Jones Industrial Average. The next best was JPMorgan Chase & Co. and Chevron Corp., each with a 16 percent improvement.
Caterpillar is scheduled to report earnings before the start of regular trading on Thursday.
— With assistance by Joe Deaux