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) ...

In the latest trading session, Deere (DE) closed at $385.83, marking a -0.03% move from the previous day. This change lagged the S&P 500's 0.06% gain on the day. At the same time, the Dow added 0.13%, and the tech-heavy Nasdaq gained 0.24%.The the stock of agricultural equipment manufacturer has fallen by 1.97% in the past month, lagging the Industrial Products sector's gain of 4.91% and the S&P 500's gain of 6.45%.The upcoming earnings release of Deere will be of great interest to investors. The company's ...

SpaceX Starlink is a success.Going from a concept in 2015 to beta service in 2021, SpaceX's plan to build a network of fast internet communications satellites has grown from 0 to 10,000 to 2.2 million active users (according to a December 2023 SpaceX filing with the FCC). Across several business lines, the company now offers globe-spanning satellite internet service to homeowners (Starlink Residential), businesses (Starlink Business), airline customers (Starlink Aviation), cruise customers (Starlink Maritim ...

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Deere (DE) , which belongs to the Zacks Manufacturing - Farm Equipment industry.This agricultural equipment manufacturer has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 17.79%.For the last reported quarter, Deere came out with earn ...

In the latest trading session, Deere (DE) closed at $393.68, marking a +0.03% move from the previous day. The stock lagged the S&P 500's daily gain of 1.25%. At the same time, the Dow added 0.97%, and the tech-heavy Nasdaq gained 1.3%.The agricultural equipment manufacturer's shares have seen an increase of 0.06% over the last month, surpassing the Industrial Products sector's loss of 2.19% and falling behind the S&P 500's gain of 1.58%.The investment community will be closely monitoring the performance of ...