Caterpillar Inc. is poised to unveil its financial performance for the third quarter, with market watchers keenly anticipating the figures. The heavy equipment giant, headquartered in Irving, Texas, has been the subject of several analyst revisions following a significant strategic acquisition. This period of financial reporting and strategic expansion offers investors and industry observers a clearer picture of Caterpillar's trajectory and market positioning.
Caterpillar Inc. to Announce Q3 Results Amidst Strategic Expansion and Analyst Revisions
On October 29, 2025, before the market opens, Caterpillar Inc. (NYSE: CAT) will release its earnings report for the third fiscal quarter. Industry analysts are projecting earnings of $4.52 per share, a decrease from $5.17 per share reported in the same quarter last year. Despite the anticipated decline in earnings per share, revenue is expected to climb to $16.77 billion, up from $16.11 billion in the prior-year period, according to data compiled by Benzinga Pro.
A notable development preceding this earnings announcement was Caterpillar's strategic move on October 12. The company formalized a Scheme Implementation Deed with RPMGlobal Holdings Limited, an Australian entity. Under the terms of this agreement, Caterpillar, through one of its fully owned subsidiaries, is set to acquire RPMGlobal's entire diluted share capital via a Scheme of Arrangement. The acquisition is valued at 1.12 billion Australian dollars, equivalent to approximately $733 million USD, indicating Caterpillar's ongoing efforts to expand its operational footprint and capabilities.
Following these developments, Caterpillar's stock experienced a minor dip, closing at $524.47 on Tuesday, representing a 0.5% decrease. Nevertheless, leading financial analysts have largely sustained their positive outlook on the company. JP Morgan's Tami Zakaria reiterated an Overweight rating and increased the price target from $505 to $650 on October 14, 2025. UBS analyst Steven Fisher maintained a Neutral rating while elevating the price target from $450 to $506 on October 13, 2025. Truist Securities' Jamie Cook upheld a Buy rating, raising the price target from $507 to $582 on October 8, 2025. Citigroup analyst Kyle Menges also maintained a Buy rating, boosting the price target from $500 to $540 on September 23, 2025. Lastly, Baird analyst Mircea Dobre reaffirmed an Outperform rating, increasing the price target from $495 to $540 on September 17, 2025. These revisions reflect a collective confidence among analysts in Caterpillar's long-term value and growth prospects, even as the company navigates short-term market dynamics.
The upcoming earnings report for Caterpillar will serve as a crucial barometer for its financial health and strategic direction. The anticipated revenue growth, coupled with a significant acquisition, underscores the company's commitment to expansion and market leadership. The continued positive sentiment from Wall Street analysts, evidenced by their maintained and often increased price targets, suggests a strong belief in Caterpillar's fundamentals and its capacity to deliver shareholder value despite evolving market conditions. Investors will be closely watching for further insights into the company's performance and future outlook.