After a 51% rise in the stock price over the last year, Caterpillar (CAT 0.01%) investors have had a great year. However, management's guidance and Wall Street's analyst consensus suggest it may be about to pass a cyclical peak in earnings and cash flow. Wall Street estimates and cyclical upsides For example, the Wall Street consensus calls for Caterpillar's sales to grow by less than 1% in 2024 and its earnings per share to be $21.27 compared to$21.21 in 2023. Those kinds of estimates usually spell troubl ...