Deere (DE) came out with quarterly earnings of $8.53 per share, beating the Zacks Consensus Estimate of $7.86 per share. This compares to earnings of $9.65 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 8.52%. A quarter ago, it was expected that this agricultural equipment manufacturer would post earnings of $5.19 per share when it actually produced earnings of $6.23, delivering a surprise of 20.04%.Over the last four quarter ...

The quarter was strong, but the outlook is uncertain.Agriculture equipment manufacturer Deere (DE -3.25%) reported better-than-expected quarterly results but trimmed its full-year forecast for the second time. Investors are focused on what is to come, sending Deere shares down 3% as of 11 a.m. Eastern.Strong quarter, uncertain outlookDeere earned $8.53 per share in its fiscal second quarter ending April 28 on revenue of $15.24 billion, easily surpassing Wall Street's $7.86 per share on sales of $13.3 billio ...

Key TakeawaysDeere & Co. cut its full-year profit forecast for a second straight quarter Thursday on reduced demand for new farm equipment.The company lowered its prediction for sales of big farm machinery this year.Deere beat earnings and revenue estimates in its fiscal second quarter. Shares of Deere & Co. (DE) fell in intraday trading Thursday as the manufacturer of big farm and construction equipment cut its profit forecast for a second consecutive quarter on limited demand for its machines. The company ...

Deere & Co (NYSE: DE) is trading down in premarket on Thursday even though it reported better-than-expected financial results for its second quarter. Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.Why is Deere stock down on Thursday?Copy link to sectionThe stock is being hit primarily because the agricultural equipment manufacturer trimmed its guidance for the future. $DE now forecasts its net income to print at about $7.0 billion.  Analysts, in comp ...

Worldwide net sales and revenues decreased 12 percent, to $15.235 billion, for the second quarter of 2024 and decreased 9 percent, to $27.420 billion, for six months. Net sales were $13.610 billion for the quarter and $24.097 billion for six months, compared with $16.079 billion and $27.481 billion last year."John Deere's second-quarter results were noteworthy in light of continued changes across the global agricultural sector," stated John C. May, chairman and chief executive officer. "Thanks to the dedica ...

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 ...