BUZZ-PREVIEW: Caterpillar seen reporting Q1 revenue, EPS increase

Reuters04-25

** Shares of Caterpillar edging down in boarder market choppiness on Weds ahead of qtrly report due out before the open on Thurs

** Wall St sees the machinery maker reporting Q1 adj EPS of $5.14 vs $4.91 year-ago on revenue of $16.04 bln, which would be up 1% yr/yr, as per the latest data from LSEG

** CAT's EPS beat the Street every qtr since Q1 2020, while revenue roughly met or beat every qtr since Q2 2022

** Equipment inventories are expected to be in focus when Caterpillar and counterparts Deere and CNH Industrial

report results this season, as investors seek clues on demand clues in what could be a lukewarm year

** CAT last trading at $361.51 vs median price target of $327; PT up a dollar from a month ago and up $12 from two months ago as per LSEG which shows 27 analyst ratings: 5 'strong buy,' 6 'buy,' 13 'hold,' 2 'sell' and 1 'strong sell'

** YTD, shares in CAT up ~22%, putting it on track for its 6th straight annual gain, vs 6.4% gain for S&P 500 industrial index and a 1.7% gain for the Dow industrials

(Reporting By Sinéad Carew)

((sinead.carew@thomsonreuters.com; +13322191897;))

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