Deere to cut salaried and production jobs in the next couple of months
Deere & Co. disclosed Wednesday that it is cutting jobs, with the layoffs expected to occur in the next couple of months.
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Deere & Company: The Clearest Blue Chip Bargain In The Market Right Now
John Deere, the world's largest manufacturer of agricultural machinery, offers a great opportunity for long-term investors with its stock price decline and attractive valuation. The company has impressive dividend growth and financial performance, making it an overlooked dividend stock. John Deere's underperformance is tied to a pessimistic profit outlook, but it has long-term tailwinds in the agriculture sector.
The Deere Investment Thesis
Deere & Company is currently undergoing a transformation from a good to a great business. The company has a long history and focuses on the agricultural and construction industries. I share the 6 prongs to my investment thesis.
Deere & Company (DE) Is a Trending Stock: Facts to Know Before Betting on It
Deere (DE) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Titans on Tilt: 3 Blue-Chip Stocks to Avoid as Cracks Emerge
It's important to be aware of the blue-chip stocks to avoid as we come to the end of the first-quarter earnings season, and cracks emerge in certain companies. Retailers, in particular, are struggling as inflation-battered consumers pull back their spending with interest rates elevated.
Deere: Position Yourself Now For The Eventual Recovery
Deere & Co shares have underperformed over the past two years amid declining US and global farm conditions with farm income and crop prices falling from record heights. While Ag vehicle destocking continues, stabilizing crop prices and healthy farm balance sheets should provide support in the downturn and retain sales declines to 2024 and 2025. With a cycle-bottom next year, I estimate Deere 25E revenues will be down ~20% vs 2023 cycle-high, around the same as in historical downturns.
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Is Deere Stock Fully Valued At $400?
Deere (NYSE: DE) recently reported its Q2 fiscal 2024 results (fiscal ends in October), with revenues and earnings exceeding the street estimates. The company reported equipment revenue of $13.6 billion and earnings of $8.53 per share, compared to the consensus estimates of $13.3 billion and $7.86, respectively.
Deere & Company Reports Falling Sales, Earnings in Fiscal Q2
Net income declined to $2.4 billion from $2.9 billion in the prior-year period. Total revenue dropped 12% to $15.2 billion.
Deere & Company's Q2 Report: Strong Revenue, Cautious Outlook
Deere & Company NYSE: DE is a titan of the agricultural and construction equipment sector. Deere & Company's financial reports often serve as a barometer for the health of these crucial market sectors.
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