Should Investors Buy the Dip in Deere & Company's (DE) Stock After Earnings?
Investors may be wondering if it's time to buy the dip in Deere & Company's (DE) stock after beating top and bottom-line expectations for its fiscal second quarter but lowering its net income guidance.
Deere & Company (DE) Q2 2024 Earnings Call Transcript
Deere & Company (NYSE:DE ) Q2 2024 Results Conference Call May 16, 2024 10:00 AM ET Company Participants Josh Beal - Director of IR Josh Jepsen - Chief Financial Officer Cory Reed - President, Worldwide Agriculture & Turf Division Josh Rohleder - Manager of Investor Communications Conference Call Participants Mig Dobre - Baird Kristen Owen - Oppenheimer Nicole DeBlase - Deutsche Bank Jairam Nathan - Daiwa Rob Wertheimer - Melius Jerry Revich - Goldman Sachs Operator Good morning, and welcome to Deere & Company Second Quarter Earnings Conference Call. Your lines have been placed on listen only until the question-and-answer session of today's conference.
Deere (DE) Q2 Earnings & Sales Top Estimates, '24 View Dips
Deere (DE) expects net income for fiscal 2024 to be $7 billion, down from the prior stated $7.50-$7.75 billion.
Compared to Estimates, Deere (DE) Q2 Earnings: A Look at Key Metrics
The headline numbers for Deere (DE) give insight into how the company performed in the quarter ended April 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Deere (DE) Q2 Earnings and Revenues Top Estimates
Deere (DE) came out with quarterly earnings of $8.53 per share, beating the Zacks Consensus Estimate of $7.86 per share. This compares to earnings of $9.65 per share a year ago.
Why Deere Stock Is Caught in the Headlights Today
Deere beat Wall Street expectations for the quarter, but lowered its full-year profit guidance. The company is facing higher production costs and weak demand from farm customers.
Deere Cuts Outlook Again as Farm Equipment Demand Drops
Shares of Deere & Co. (DE) fell in intraday trading Thursday as the manufacturer of big farm and construction equipment cut its profit forecast for a second consecutive quarter on limited demand for its machines.
