Wall Street's Insights Into Key Metrics Ahead of Deere (DE) Q4 Earnings

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].