Core Viewpoint - The market anticipates a year-over-year decline in Deere's earnings due to lower revenues, with the upcoming earnings report expected to significantly influence the stock price based on actual results compared to estimates [1]. Earnings Expectations - Deere is projected to report quarterly earnings of $5.85 per share, reflecting a year-over-year decrease of 42.7% [2]. - Expected revenues for the quarter are $10.89 billion, down 23.7% from the same quarter last year [2]. Estimate Revisions - The consensus EPS estimate has been revised 1.45% higher in the last 30 days, indicating a collective reassessment by analysts [3]. Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that a positive Earnings ESP reading indicates a likely earnings beat, particularly when combined with a strong Zacks Rank [4][5]. - For Deere, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, resulting in an Earnings ESP of +0.18% [6][7]. Historical Performance - In the last reported quarter, Deere exceeded expectations by delivering earnings of $8.53 per share against an expected $7.86, resulting in a surprise of +8.52% [8]. - Over the past four quarters, Deere has consistently beaten consensus EPS estimates [8]. Conclusion - Deere is positioned as a strong candidate for an earnings beat, but investors should consider additional factors beyond earnings results when making investment decisions [9].

Deere (DE) closed at $346.06 in the latest trading session, marking a +0.35% move from the prior day. The stock's change was less than the S&P 500's daily gain of 1.04%. Meanwhile, the Dow experienced a rise of 0.76%, and the technology-dominated Nasdaq saw an increase of 1.03%.The the stock of agricultural equipment manufacturer has fallen by 2.86% in the past month, lagging the Industrial Products sector's loss of 1.33% and overreaching the S&P 500's loss of 6.74%.The investment community will be paying c ...

The Q2 earnings season continues its rapid pace next week, with many notable companies on the reporting docket. The expectation remains for another period of growth, with the Tech sector forecasted to enjoy a strong showing.Concerning next week’s docket, three notable companies – Home Depot (HD) , Walmart (WMT) , and Deere & Co. (DE) – are all scheduled to report. Let’s take a closer look at how expectations shape up heading into the releases. Home DepotHome Depot shares have been pretty volatile in 2024, u ...

MOLINE, Ill., Aug. 1, 2024 /PRNewswire/ -- Deere & Company (NYSE: DE) will hold its third quarter 2024 earnings call on Thursday, 15 August, 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 rele ...

Deere (DE) closed the most recent trading day at $371.77, moving -1.33% from the previous trading session. This move lagged the S&P 500's daily loss of 0.5%. Elsewhere, the Dow gained 0.5%, while the tech-heavy Nasdaq lost 1.28%.Shares of the agricultural equipment manufacturer witnessed a gain of 4.37% over the previous month, trailing the performance of the Industrial Products sector with its gain of 4.4% and outperforming the S&P 500's gain of 0.1%.Analysts and investors alike will be keeping a close eye ...

Tractor giant John Deere faced backlash after announced it was laying off hundreds of workers across the Midwest — even as it continues to operate a manufacturing hub in Mexico.The Illinois-based company, which is the world’s largest seller of large tractors and other farm equipment, informed hundreds of employees in Iowa last week that they were out of a job.Around 100 people will come from the plant in Dubuque, according to Hoosier Ag Today. 3 John Deere is the world’s largest seller of farming equipmen ...

Deere (DE) closed the most recent trading day at $380.64, moving -1.17% from the previous trading session. The stock trailed the S&P 500, which registered a daily loss of 0.78%. At the same time, the Dow lost 1.29%, and the tech-heavy Nasdaq lost 0.7%.Prior to today's trading, shares of the agricultural equipment manufacturer had gained 0.62% over the past month. This has lagged the Industrial Products sector's gain of 4.21% and the S&P 500's gain of 2.14% in that time.Analysts and investors alike will be k ...

The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to identify those stocks that combine two important characteristics — strong fundamentals and a valuation that looks inexpensive. Deere presently has a stellar rank, in the top 10% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors.Start slideshow: 10 Oversold Dividend Stocks »But making ...

MOLINE, Ill., July 8, 2024 /PRNewswire/ -- In the aftermath of the recent flooding that has left over 500 homes damaged in Rock Valley, Iowa, John Deere and its employees have stepped up to support fellow team members and the local community during this challenging time.Rock Valley, IowaEmployee VolunteersEmployee Volunteers"The devastation I found when I arrived in Rock Valley to volunteer is heartbreaking, but this community is so resilient," said Heather Van Nest, Director of Region 4 Aftermarket & Custo ...

Deere & Company (DE) shares have plunged 9.8% in the year-to-date period compared with the Zacks Manufacturing - Farm Equipment industry’s 8.9% decline. It has also lagged the broader Zacks Industrial Products sector’s 3.1% gain and the S&P 500’s climb of 15.0%. The manufacturer of the iconic green and yellow agricultural equipment has been grappling with elevated production costs and weak demand as farmer spending has been impacted amid low agricultural commodity prices and higher interest rates.Deere’s Un ...