We’re beginning to see a trend here. Big economic bellwether’s are reducing their outlooks as the global economy slows….The latest from Caterpillar. Here are some highlights:
- Caterpillar Updates 2015 Targets; Expects Profit Per Share of $12 to $18 with Sales and Revenues of $80 to $100 Billion.
- “There are a number of geopolitical and economic factors driving uncertainty in the world today, but our base case scenario calls for modest global economic growth over the next few years,” Oberhelman said. “We think this is a reasonable view and the most likely outcome, and based on that, we expect 2015 sales and revenues for Caterpillar to be in a range of $80 to $100 billion, and for profit in a range of $12 to $18 per share,” Oberhelman added. “But just as we have done in the past, Caterpillar is ready to act if we enter a recession. We don’t think it’s likely, but if it happens, we are prepared to react and would expect to remain attractively profitable and to maintain our dividend.”
- “Our outlook on the worldwide economy: MODEST GROWTH LIKELY, BUT RECESSION REMAINS POSSIBLE. Much of Europe already mired in recession. “