Here's How Caterpillar Inc. Crushed It in 2017
It's not hard to see the overlying reason why Caterpillar Inc. (NYSE: CAT) stock is up nearly 50% in 2017 at the time of this writing. The simple explanation is earnings expectations have more than doubled since the start of its financial year as management raised full-year 2017 adjusted profit per share guidance from $2.90 to $6.25. Here's a look at just how and why this happened.
Image source: Getty Images.
Of course, any significant change at any company will have a myriad of factors behind it, but here are the three prevailing factors behind Caterpillar's performance so far:
Source: Fool.com
Caterpillar Inc. Aktie
311,50 €
1,47 %
Einige Buy-Einschätzungen geben Caterpillar Inc. den Vorteil gegenüber Sell-Einschätzungen.
Mit einem Kursziel von 332 € für Caterpillar Inc. ist ein leichter Anstieg gegenüber dem aktuellen Kurs von 311.5 € zu erwarten.
