Lokibaho Introduction I have been bullish on Deere & Company (NYSE:DE) since I started buying it shortly after the pandemic. In fact, it was one of the first stocks in my dividend growth portfolio. My original thesis has been unchanged since then, which is based on long-term tailwinds from population growth, a decline in global arable land, rising energy prices (inflationary for crop prices and biofuel demand), and the need for farmers to invest in next-gen technologies to improve yields and reduce cos ...

Deere & Company (NYSE:DE) Q3 2024 Results Conference Call August 15, 2024 10:00 AM ET Company Participants Josh Beal - Director of IR Josh Rohleder - Manager of Investor Communications John May - Chief Executive Officer Luke Gakstatter - SVP Ag and Turf Sales & Marketing for Americas & Australia Josh Jepsen - CFO Conference Call Participants Jamie Cook - Truist Securities Angel Castillo - Morgan Stanley Tami Zakaria - JPMorgan Jerry Revich - Goldman Sachs David Raso - Evercore ISI Kristen Owen - Oppenheimer ...

Nicholas SmithSometimes, it is enough to release a "not too bad" report to have investors cheer. This is the case with Deere's Q3 earnings. Deere (NYSE:DE) was trading near its 52-week lows as the market was pricing in the bad news coming from its peers, mainly AGCO (AGCO) and CNH Industrial (CNH). After all, as I showed in detail in one of my past analyses on Deere, the business is cyclical, and it is strictly related to farmer net income and corn prices. Since corn is quickly going down, so is farmer ...

Deere & Company (DE) reported third-quarter fiscal 2024 (ended Jul 28) earnings of $6.29 per share, which beat the Zacks Consensus Estimate of $5.80. The bottom line, however, plunged 38% from the prior year quarter.This was mainly due to lower shipment volumes across all segments, reflecting weak demand. This was somewhat negated by the company’s pricing strategies and cost-saving measures.Net sales of equipment operations (comprising Agriculture, and Turf, Construction and Forestry) were $11.39 billion, d ...

For the quarter ended July 2024, Deere (DE) reported revenue of $11.39 billion, down 20.3% over the same period last year. EPS came in at $6.29, compared to $10.20 in the year-ago quarter.The reported revenue represents a surprise of +4.73% over the Zacks Consensus Estimate of $10.87 billion. With the consensus EPS estimate being $5.80, the EPS surprise was +8.45%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectati ...

Key TakeawaysDeere reported third-quarter earnings Thursday that fell year-over-year, but still managed to beat analyst estimates.CEO John May said the company faced "challenging conditions" and "significant headwinds" in the agriculture and construction industries.Deere said it expects sales to come in 10% to 25% lower for the full fiscal year. Deere & Company (DE) reported third-quarter earnings that beat expectations, despite a year-over-year decline as the company faced "significant headwinds" in the ag ...

Deere stock has become too cheap to ignore.The industrial sector is up 14% over the last year -- slightly lagging the performance of the S&P 500, but still a solid gain. Despite being an industry leader in heavy equipment for agriculture, construction, and forestry, Deere (DE 0.20%) stock is down 20% over the last year and hovering around a three-year low.Here's why the dividend stock has sold off far enough and why it is worth buying and holding for the next five years. A textbook cyclical businessWhen you ...

Key TakeawaysDeere reported third-quarter earnings Thursday that fell year-over-year, but still managed to beat analyst estimates.CEO John May said the company faced "challenging conditions" and "significant headwinds" in the agriculture and construction industries.Deere said it expects sales to come in 10% to 25% lower for the full fiscal year. Deere & Company (DE) reported third-quarter earnings that beat expectations, despite a year-over-year decline as the company faced "significant headwinds" in the ag ...

Deere (DE) came out with quarterly earnings of $6.29 per share, beating the Zacks Consensus Estimate of $5.80 per share. This compares to earnings of $10.20 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 8.45%. A quarter ago, it was expected that this agricultural equipment manufacturer would post earnings of $7.86 per share when it actually produced earnings of $8.53, delivering a surprise of 8.52%.Over the last four quarter ...

Strong ag margins highlight continued value delivery amid market fluctuations.Global ag fundamentals are expected to remain weak as construction moderates.Full-year net income forecast unchanged despite challenging environment.MOLINE, Ill., Aug. 15, 2024 /PRNewswire/ -- Deere & Company reported net income of $1.734 billion for the third quarter ended July 28, 2024, or $6.29 per share, compared with net income of $2.978 billion, or $10.20 per share, for the quarter ended July 30, 2023. For the first nine mon ...