Erste lifts Caterpillar stock earnings view to USD 32.36

Published on 10/26/2026 at 10:35 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Erste Group lifted 2027 earnings per share from USD 32.14 to USD 32.36. Caterpillar stock costs EUR 613.80 on October 26, 2026 versus EUR 614.60.

Estimate and earnings dates

Erste Group raised its fiscal 2027 earnings-per-share estimate from USD 32.14 to USD 32.36 on October 21, 2026.
Caterpillar reported USD 20.54 billion in second-quarter revenue, up 24.00 percent year over year.
Caterpillar stock trades at EUR 613.80 at 10:32 a.m. CEST at Lang & Schwarz on October 26, 2026, 0.13 percent below the Xetra close of October 23, 2026.

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Caterpillar stock (ISIN US1491231015) was trading at EUR 613.80 at Lang & Schwarz on October 26, 2026 at 10:32 a.m. CEST, 0.13 percent below the Xetra close of October 23, 2026 at EUR 614.60. The immediate company-specific catalyst is a higher fiscal 2027 earnings estimate from Erste Group.

According to MarketBeat, Erste Group raised its fiscal 2027 earnings-per-share estimate from USD 32.14 to USD 32.36 in a research report issued on October 21, 2026. The bank kept a Hold rating, making the estimate increase more measured than a bullish rating change.

Second-quarter figures set the base

Yahoo Finance reported that Caterpillar generated USD 20.54 billion in second-quarter 2026 revenue, up 24.00 percent from the prior-year quarter. Adjusted earnings per share reached USD 8.17, compared with USD 6.1974 consensus, while adjusted operating margin expanded to 21.90 percent.

The same report put Caterpillar's backlog at USD 72.00 billion after a USD 9.00 billion sequential increase, with 59.00 percent expected to ship within 12 months. That backlog supports the earnings case, but the article also cited USD 2.20 billion in expected full-year tariff costs as a counter-factor.

What changes before October 29?

The chronology is clear. On August 4, 2026, Caterpillar reported USD 20.54 billion in second-quarter revenue and adjusted earnings per share of USD 8.17. On October 15, 2026, Caterpillar announced that third-quarter results would be released on October 29, 2026. On October 21, 2026, Erste Group raised its fiscal 2027 estimate to USD 32.36.

Two dates frame the setup

Caterpillar's dividend became ex-dividend on October 26, 2026, with a quarterly payment of USD 1.63 per share scheduled for November 19, 2026, according to MarketBeat. The next reporting date is October 29, 2026, when Caterpillar plans to publish third-quarter results before the US market opens, as stated in its October 15 release.

Stock sits near the Xetra close

For investors, the next report must show whether the USD 72.00 billion backlog is converting into revenue quickly enough to offset tariff pressure. Caterpillar was trading at EUR 613.80 at Lang & Schwarz on October 26, 2026 at 10:32 a.m. CEST, 0.13 percent below the Xetra close of October 23, 2026 at EUR 614.60.

The further course of trading is shown by the continuously updated real-time quote of Caterpillar stock.