Why Caterpillar (CAT) Might be Well Poised for a Surge

Caterpillar (CAT) has received a Zacks Rank #1 (Strong Buy) rating due to solid upward earnings estimate revisions from analysts. The company's current quarter earnings are expected to grow 40% year-over-year to $6.93 per share, while full-year earnings are projected at $27.14 per share, representing 42.4% growth. Over the past month, 13 estimates moved higher with no negative revisions, and the stock has gained 5% in four weeks.