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John Deere(DE) - 2024 Q4 - Annual Results
2024-11-21 11:00
Exhibit 99.1 (Furnished herewith) News Release Contact: Jen Hartmann Director, Public Relations HartmannJenniferA@JohnDeere.com Deere Reports Net Income of $1.245 Billion for Fourth Quarter, $7.1 Billion for Fiscal Year ● Results demonstrate solid execution despite ongoing market challenges. ● Full-year 2025 earnings projected to range from $5.0 to $5.5 billion, highlighting improved structural performance. ● Remain committed to making investments that enhance customer productivity and profitability. MOLINE ...
3 Dirt-Cheap Dividend Stocks to Buy and Hold
The Motley Fool· 2024-11-21 10:30
Investors may want to take a closer look at these quality companies, which are trading at reasonable valuations.There are a couple of different ways to approach investing in the stock market when it's near an all-time high. Some investors may choose to ride the momentum higher or simply put their money to work in market-leading growth stocks. Others may prefer to go searching for value stocks or dividend stocks that are trading at less expensive valuations.If you're in that latter camp, consider Essential U ...
Deere Gears Up For Q4 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
Benzinga· 2024-11-21 05:16
Deere & Company DE will release earnings results for the fourth quarter, before the opening bell on Thursday, Nov. 21.Analysts expect Deere to report quarterly earnings at $3.93 per share. That's down from $8.26 per share a year ago. The Moline, Illinois-based company projects to report quarterly revenue of $9.27 billion, compared to $13.8 billion a year earlier, according to data from Benzinga Pro.On Aug. 15, Deere reported third-quarter results and reaffirmed its net income 2024 outlook. The company's net ...
Wall Street Bulls Look Optimistic About Deere (DE): Should You Buy?
ZACKS· 2024-11-20 15:31
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?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 recommendati ...
Will Lower Demand and Volumes Impact Deere's Earnings in Q4?
ZACKS· 2024-11-18 17:41
Deere & Company (DE) is scheduled to report fourth-quarter fiscal 2024 results on Nov. 21 before the opening bell.The Zacks Consensus Estimate for earnings has moved down 2% over the past 60 days to $3.90 per share. The consensus mark implies a 52.8% plunge from the year-ago actual. The consensus estimate for revenues is pegged at $9.3 billion, indicating a 32.3% year-over-year decline. Image Source: Zacks Investment Research Find the latest EPS estimates and surprises on Zacks Earnings Calendar.DE’s Earnin ...
Wall Street's Insights Into Key Metrics Ahead of Deere (DE) Q4 Earnings
ZACKS· 2024-11-18 15:15
Core Viewpoint - Analysts forecast a significant decline in Deere's quarterly earnings and revenues, with earnings per share expected to drop by 52.8% year-over-year to $3.90 and revenues projected to decrease by 32.4% to $9.34 billion [1]. Earnings Estimates - Over the last 30 days, the consensus EPS estimate has been revised upward by 0.2%, indicating a slight adjustment in analysts' forecasts [2]. - Revisions to earnings estimates are crucial indicators for predicting investor actions regarding the stock, with empirical research showing a strong correlation between earnings estimate trends and short-term stock price performance [3]. Revenue Projections - Analysts estimate that 'Net Sales and Revenues- Production & precision ag net sales' will reach $4.26 billion, reflecting a decline of 38.9% from the prior-year quarter [5]. - The combined estimate for 'Net Sales and Revenues- Agriculture and Turf' is projected at $6.41 billion, indicating a decrease of 36.3% year-over-year [5]. - 'Net Sales and Revenues- Equipment Operations' is expected to be $9.09 billion, down 34.1% from the previous year [6]. - 'Net Sales and Revenues- Small ag & turf net sales' is projected at $2.16 billion, showing a decline of 30.4% [6]. - 'Net Sales and Revenues- Construction & forestry net sales' is estimated at $2.68 billion, reflecting a decrease of 28.4% [7]. - The consensus for 'Net Sales and Revenues- Other revenues' stands at $244.15 million, indicating a year-over-year change of -7.5% [7]. - 'Net Sales and Revenues- Financial services revenues' is expected to reach $1.34 billion, suggesting a slight decline of 0.2% year-over-year [8]. - 'Net Sales and Revenues- Net sales' is projected at $9.25 billion, indicating a year-over-year change of -33% [8]. - 'Net Sales and Revenues- Financial services- Total' is expected to be $1.54 billion, reflecting a decrease of 1.9% from the prior-year quarter [8]. - 'Net Sales and Revenues- Equipment Operations- Other income' is estimated at $191.18 million, down 12.3% year-over-year [9]. - 'Net Sales and Revenues- Equipment Operations- Finance and interest income' is projected at $140.25 million, indicating a decline of 27.3% [9]. - 'Net Sales and Revenues- Other income' is expected to reach $245.99 million, reflecting a change of -3.2% year-over-year [10]. Market Performance - Shares of Deere have shown a return of -2.4% over the past month, underperforming compared to the Zacks S&P 500 composite's +1.1% change [11]. - With a Zacks Rank of 4 (Sell), Deere is expected to lag the overall market performance in the near future [12].
$6.6 Million Grant From John Deere will Help Feed Americans Facing Hunger
Prnewswire· 2024-11-18 14:53
With tens of millions of dollars invested over the last 40 years, John Deere is improving customers' livelihoods while addressing hungerMOLINE, Ill., Nov. 18, 2024 /PRNewswire/ -- Deere & Company (NYSE:DE) today announced a $6.6 million, three-year commitment of unrestricted funding from the John Deere Foundation to Feeding America®. This grant reaffirms John Deere's commitment to hunger relief and supporting communities in need while honoring the work of farmers. Apples from Timber Ridge Fruit Farm in ...
Earnings Preview: Deere (DE) Q4 Earnings Expected to Decline
ZACKS· 2024-11-14 16:00
The market expects Deere (DE) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended October 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on November 21, 2024, might help the stock move higher if these key numbers are better ...
3 "Made in America" Stocks to Benefit From the Trump Presidency
MarketBeat· 2024-11-11 15:08
The return of the Trump administration to the White House in 2025 has caused many U.S. stocks to surge pre-emptively on positive sentiment, while Chinese stocks collapsed on fears of more trade tensions and tariffs to come. During his reelection campaign, Trump suggested imposing a 60% tariff on goods produced in China and 20% on everything else. Trump even threatened farming machinery giant Deere & Co. NYSE: DE with 200% tariffs on anything they produce in Mexico to force them to keep its production in the ...
Deere & Company: This Tractor Still Has Fuel In It
Seeking Alpha· 2024-11-10 10:03
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