Deere (DE) Q1 Earnings on the Horizon: Analysts' Insights on Key Performance Measures

Core Insights - Deere (DE) is expected to report quarterly earnings of $1.92 per share, reflecting a decline of 39.8% year-over-year, while revenues are forecasted to reach $7.6 billion, an increase of 11.7% year-over-year [1] Earnings Estimates - 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 performance [2] Revenue Projections - Analysts estimate 'Net Sales and Revenues- Production & precision ag net sales' at $3.05 billion, indicating a decrease of 0.6% from the prior-year quarter [4] - 'Net Sales and Revenues- Equipment Operations- Net sales' is projected to reach $7.58 billion, suggesting an increase of 11.3% year-over-year [4] - 'Net Sales and Revenues- Small ag & turf net sales' is expected to be $2.16 billion, reflecting a growth of 23.7% from the year-ago quarter [5] - 'Net Sales and Revenues- Other revenues' is estimated at $223.12 million, indicating a decline of 2.6% from the prior-year quarter [5] Financial Services Revenue - The consensus estimate for 'Net Sales and Revenues- Financial services revenues' stands at $1.38 billion, suggesting a decrease of 5.9% year-over-year [6] - 'Net Sales and Revenues- Financial services- Total' is projected at $1.49 billion, indicating a year-over-year change of -5.6% [6] - 'Net Sales and Revenues- Financial services- Other Income' is expected to reach $118.14 million, reflecting a slight increase of 0.1% from the prior-year quarter [7] - 'Net Sales and Revenues- Financial services- Finance and Interest Income' is estimated at $1.37 billion, indicating a year-over-year decline of 6% [7] Overall Performance - Analysts forecast 'Net Sales and Revenues- Net sales' to reach $7.55 billion, suggesting a change of +10.9% from the year-ago quarter [8] - 'Net Sales and Revenues- Equipment Operations- Finance and interest income' is projected at $109.94 million, indicating a slight decline of 0.1% from the prior-year quarter [8] - The consensus for 'Net Sales and Revenues- Equipment Operations- Other income' is $196.47 million, reflecting a year-over-year change of -2.7% [9] - Over the past month, Deere shares have increased by 16.1%, contrasting with the Zacks S&P 500 composite's decline of 2% [9]