Can CAT Keep Up the Trend of Beating Estimates in Q2 2018?

Caterpillar (CAT) is expected to post adjusted EPS of $2.73 in the second quarter, a rise of 83.2% compared to the corresponding quarter of the previous year. CAT’s projected adjusted EPS growth is expected to be driven by higher revenue growth, benefits from restructuring costs (which would be reflected in its operating expenses), and share buybacks. Similarly, CAT’s cost of goods sold (or COGS) as a percentage of its sales is also expected to fall.