Replies to post #17870 on The Rising Influence of Rising Affluence

[biotech_researcher]

“Caterpillar's (NYSE:CAT) -1.1% pre-market as Goldman Sachs cuts earnings estimates”

I expect this is not the last cut for this cycle.

[DewDiligence]

CAT -8% on 4Q18 results/2019 outlook…

PR:
https://caterpillar.gcs-web.com/static-files/5a200bc0-dcbe-4eff-b985-72abef6f6b2a

CC slides:
https://caterpillar.gcs-web.com/static-files/ae9a14bb-0a36-48ab-9b6c-725078a100bc

2019 GAAP EPS guidance is $11.75-12.75 (an unusually wide range) vs 2018’s $10.26. The midpoint of the 2019 guidance range ($12.25) represents 19% growth vs 2018, but investors were evidently expecting even more at this point in the cycle.