CHICAGO, June 22, 2011 /PRNewswire/ -- Zacks.com announces
the list of stocks featured in the Analyst Blog. Every day the
Zacks Equity Research analysts discuss the latest news and events
impacting stocks and the financial markets. Stocks recently
featured in the blog include: Caterpillar Inc. (NYSE: CAT),
Bucyrus International Inc. (Nasdaq: BUCY), CNH Global
NV (NYSE: CNH), Komatsu Ltd. (OTC: KMTUY) and Volvo
AB (OTC: VOLVY).
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Here are highlights from Tuesday's Analyst Blog:
Caterpillar Sales Improve in May
Caterpillar Inc. (NYSE: CAT) recently reported sales
statistics for the month of May, indicating a strong month in which
sales shot up 52% on a year-over-year basis, across the globe.
However, after registering global sales growth of 66% in the month
of April, the highest so far in 2011, the sales weakened in the
reported month.
Region-wise, the company registered the maximum improvement in
Europe, Africa, and the Middle East with a 65% year-over-year
increment. Latin America followed
with a 60% improvement year over year. Rest of the world and
North America were at 52% and 54%,
respectively.
In Reciprocating & Turbine Engine Retail Statistics, sales
were up 21% year over year globally. Electric Power reported the
maximum increase of 45% year over year, followed by Industrial,
with a 32% year over year climb and Petroleum up 12% year over
year.
However, Marine sales remained static at 27%. The sector remains
the only weak link in Caterpillar's growth story. Sales growth in
this category has been negative since September 2009.
During the recently reported first quarter, Caterpillar's
revenues surged 57% to $12.95
billion, surpassing the Zacks Consensus Estimate of
$11.20 billion. The increase in
revenues was attributed to continued economic growth and
improvement from the low levels of machine demand in the first
quarter of 2010.
We expect Caterpillar to maintain its revenue growth trajectory
aided by growth in emerging markets as well as construction and
mining activities in developing countries. Increased domestic and
international infrastructure spending, improved economic conditions
and benefits from the yet-to-be closed acquisitions will support
revenues over the next several years.
For 2011, Caterpillar expects revenues in the range of
$52 billion to $54 billion and EPS
between $6.25 and $6.75, the highest
annual profit in the company's history. However, the outlook does
not take into account the acquisitions of MWM Holding GmbH or
Bucyrus International Inc. (Nasdaq: BUCY) as these buys are
yet to be closed. We currently have a Zacks #1 Rank (short-term
Strong Buy recommendation) on the stock.
Peoria, Illinois-based
Caterpillar Inc. is the manufacturer of construction and mining
equipment, diesel and natural gas engines, and industrial gas
turbines. One of the few leading U.S. companies in an industry that
competes globally from a principally domestic manufacturing base,
Caterpillar operates three divisions – Machines, Engines and
Financial Products. The company competes with the likes of CNH
Global NV (NYSE: CNH), Komatsu Ltd. (OTC: KMTUY) and
Volvo AB (OTC: VOLVY).
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