1Q 2024 Earnings Call Forward-Looking Statements This earnings call and accompanying materials may include forward-looking statements within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by words such as “forecast,” “guidance,” “project,” “target,” “outlook,” “prospects,” “expect,” “estimate,” “will,” “goal,” “plan,” “anticipate,” “intend,” “predict,” “believe,” “likely,” “future,” “could,” “may,” or other ...

Deere (DE) reported $10.49 billion in revenue for the quarter ended January 2024, representing a year-over-year decline of 8%. EPS of $6.23 for the same period compares to $6.55 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $10.43 billion, representing a surprise of +0.53%. The company delivered an EPS surprise of +20.04%, with the consensus EPS estimate being $5.19.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they ...

Heavy equipment manufacturer Deere & Co (NYSE:DE) surpassed top- and bottom-line expectations for the fiscal first quarter, but also cut its 2024 profit forecast due to demand concerns amid higher borrowing rates and lower crop prices. Ahead of the open, DE is down 3.6% at $371.Should these losses hold, the security will break below a floor at the $375 level, which has been in place since a December bull gap. Meanwhile, the $405 region rejected the equity's early January pullback. Over the past six months, ...

Deere (DE) came out with quarterly earnings of $6.23 per share, beating the Zacks Consensus Estimate of $5.19 per share. This compares to earnings of $6.55 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 20.04%. A quarter ago, it was expected that this agricultural equipment manufacturer would post earnings of $7.49 per share when it actually produced earnings of $8.26, delivering a surprise of 10.28%.Over the last four quarte ...

Deere & Co (NYSE: DE) is trading down in premarket on Thursday even though it reported solid results for its fiscal first quarter.Deere stock down on muted future guidanceCopy link to sectionInvestors are not content primarily because the management issued muted guidance for the future. Deere now forecasts its net income to come in between $7.50 billion and $7.75 billion. Analysts, in comparison, were at $8.03 billion. Still, John C. May – the chief executive of Deere & Co said in a press release today:We r ...

Shares of Deere & Co. DE dropped 3.1% toward a two-month low in premarket trading Thursday, after the agricultural, construction and turf equipment maker reported fiscal first-quarter earnings that were well above expectations but provided a downbeat full-year outlook, with industry and segment sales expected to keep falling. Net income for the quarter to Jan. 28 declined to $1.75 billion, or $6.23 a share, from $1.96 billion, or $6.55 a share, in the year-ago period. The FactSet consensus for earnings per ...

While crowd mass can be comforting, venturing out into the wilderness of unconventional investments can also be rewarding. For one thing, investors can enjoy personal satisfaction for a pioneering endeavor. And because few people are so bold, the returns could be better than expected.Additionally, unconventional investments offer portfolio diversification. As we recently saw with the market falloff – a result of hotter-than-anticipated inflation numbers – putting your eggs in similar baskets could lead to u ...

Investors are always looking for stocks that are poised to beat at earnings season and Deere & Company (DE) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because Deere is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty good indicator ...

Deere & Company (DE) is scheduled to report first-quarter fiscal 2024 results on Feb 15, before the opening bell.Which Way Are Estimates Trending?The Zacks Consensus Estimate for Deere’s earnings per share is pegged at $5.16 for the fiscal first quarter, suggesting a decline of 21.2% from the year-ago reported figure. The Zacks Consensus Estimate for total revenues is pinned at $10.3 billion, indicating a year-over-year decrease of 9.8%.Q4 ResultsDeere’s sales and earnings surpassed the Zacks Consensus Esti ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Deere (DE) .Deere currently has an average brokerage recommendation (ABR) ...