Caterpillar Gears Up For Q3 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

Caterpillar Inc. (NYSE:CAT) will release earnings results for the third quarter, before the opening bell on Wednesday, Oct. 29.

Analysts expect the Irving, Texas-based company to report quarterly earnings at $4.52 per share, down from $5.17 per share in the year-ago period. The consensus estimate for Caterpillar's quarterly revenue is $16.77 billion, compared to $16.11 billion a year earlier, according to data from Benzinga Pro.

On Oct. 12, Caterpillar inked a Scheme Implementation Deed with Australia-based RPMGlobal Holdings Limited. As per the deal, Caterpillar, or its wholly owned subsidiary, will acquire 100% of RPM's fully diluted share capital through a Scheme of Arrangement for an equity value of 1.12 billion Australian dollars ($733 million)..

Shares of Caterpillar fell 0.5% to close at $524.47 on Tuesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.

• JP Morgan analyst Tami Zakaria maintained an Overweight rating and increased the price target from $505 to $650 on Oct. 14, 2025. This analyst has an accuracy rate of 72%.
• UBS analyst Steven Fisher maintained a Neutral rating and boosted the price target from $450 to $506 on Oct. 13, 2025. This analyst has an accuracy rate of 74%.
• Truist Securities analyst Jamie Cook maintained a Buy rating and increased the price target from $507 to $582 on Oct. 8, 2025. This analyst has an accuracy rate of 73%.
• Citigroup analyst Kyle Menges maintained a Buy rating and raised the price target from $500 to $540 on Sept. 23, 2025. This analyst has an accuracy rate of 77%.
• Baird analyst Mircea Dobre maintained an Outperform rating and increased the price target from $495 to $540 on Sept. 17, 2025. This analyst has an accuracy rate of 77%

Considering buying CAT stock? Here’s what analysts think:

Read This Next:

• Top 2 Risk Off Stocks That May Keep You Up At Night This Month

Photo via Shutterstock