News Release Contact: Jen Hartmann Director, Public Relations HartmannJenniferA@JohnDeere.com Deere Reports Second Quarter Net Income of $2.370 Billion ● Quarterly results underscore sound execution in the face of challenging market conditions. ● Global agricultural and turf demand further softens while the construction industry remains stable. ● Full-year net income forecast updated to approximately $7.0 billion. MOLINE, Illinois (May 16, 2024) — Deere & Company reported net income of $2.370 billion for th ...

Deere & Company (DE) is scheduled to report second-quarter fiscal 2024 results on May 16, before the opening bell.Which Way Are Estimates Trending?The Zacks Consensus Estimate for Deere’s earnings per share is pegged at $7.86 for the fiscal second quarter, suggesting a decline of 18.6% from the year-ago reported figure. The Zacks Consensus Estimate for total revenues is pinned at $13.3 billion, indicating a year-over-year decrease of 17.5%.Q1 ResultsDeere’s sales and earnings surpassed the Zacks Consensus E ...

John Deere Named to The Civic 50 — Again!MOLINE, Ill., May 14, 2024 /PRNewswire/ -- Over the past year, John Deere (NYSE: DE) employees gave back in record-breaking numbers for community giving and volunteerism.And once again, their efforts are being recognized. For the third consecutive year John Deere has been named to The Civic 50, an annual honor recognizing the 50 most community-minded US companies. John Deere Employee Volunteers Deere was also awarded a gold medal this year after ranking second o ...

Wall Street analysts forecast that Deere (DE) will report quarterly earnings of $7.86 per share in its upcoming release, pointing to a year-over-year decline of 18.6%. It is anticipated that revenues will amount to $13.26 billion, exhibiting a decline of 17.5% compared to the year-ago quarter.The consensus EPS estimate for the quarter has been revised 0.9% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates ...

The most recent trading session ended with Deere (DE) standing at $409, reflecting a +0.88% shift from the previouse trading day's closing. The stock's change was more than the S&P 500's daily gain of 0.51%. Meanwhile, the Dow gained 0.85%, and the Nasdaq, a tech-heavy index, added 0.27%.Coming into today, shares of the agricultural equipment manufacturer had lost 1.59% in the past month. In that same time, the Industrial Products sector lost 2.22%, while the S&P 500 lost 0.25%.The investment community will ...

Investors seeking reliable AI-powered returns should consider robotics stocks. Many companies are leveraging artificial intelligence to create human-like robots. As discomforting as that truth may be to some, the economic potential therein is massive.The numbers behind the opportunity are staggering. Between 2023 and 2030 the artificial intelligence robots market could grow at a compound annual rate of 21.5%. The rule of 72 suggests that an investor with average exposure to the AI robots sector could expect ...

Deere (DE) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended April 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report, which is expected to be released on May 16, 2024, might help the stock move higher if these key numbers are better than expectations. O ...

MOLINE, Ill., May 8, 2024 /PRNewswire/ -- Deere & Company (NYSE: DE) will hold its second quarter 2024 earnings call on Thursday, May 16, beginning at 9:00 a.m. central time. During the call, the company's financial and operating performance will be discussed with analysts, investors and other members of the financial community.The earnings call can be accessed at www.JohnDeere.com/earnings. The recorded call will be available on the Deere website for a period of time afterward. The Deere earnings release, ...

There’s more than one path to wealth for investors willing to hang on through occasional volatility hailstorms. Undoubtedly, April brought a slight dip that many value-focused investors may have been waiting for. And while there may be better “deals” in the coming weeks and months, I certainly wouldn’t wait around with an overweighed cash position waiting for deeper or more abundant market discounts.With the stock market booming and busting intraday on Wednesday in response to Fed chairman Jerome Powell’s c ...

sshaw75/iStock Unreleased via Getty Images Deere & Company faces near-term headwinds For readers unfamiliar with Deere & Company (NYSE:DE), it is the largest manufacturer of farm equipment in the world. It also makes a broad range of industrial equipment, primarily used by the construction and forestry industries. Consensus EPS estimates point to some pretty strong headwinds for its profit in the near term. More specifically, the chart below shows that analysts expect its EPS to decline by more than 21% in ...