Deere & Co.'s stock rose 0.6% early Thursday, after the maker of agricultural and construction equipment blew past earnings for its fiscal fourth quarter, overshadowing soft guidance for fiscal 2025.
Investors may want to take a closer look at these quality companies, which are trading at reasonable valuations.
Deere & Company DE will release earnings results for the fourth quarter, before the opening bell on Thursday, Nov. 21.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
DE's fiscal fourth-quarter results are likely to reflect lower volumes, partially offset by favorable price realization.
Beyond analysts' top -and-bottom-line estimates for Deere (DE), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended October 2024.
Deere (DE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Deere (DE) closed at $389.45 in the latest trading session, marking a -1.09% move from the prior day.
The return of the Trump administration to the White House in 2025 has caused many U.S. stocks to surge pre-emptively on positive sentiment, while Chinese stocks collapsed on fears of more trade tensions and tariffs to come. During his reelection campaign, Trump suggested imposing a 60% tariff on goods produced in China and 20% on everything else.
Deere & Company's stock has surged 410.2% since 2015, outperforming the S&P 500's 169.4% increase, validating my previous 'buy' recommendation. Despite recent revenue and profit declines due to market weakness, Deere & Company remains fairly valued at worst and slightly undervalued if things go well. The company has demonstrated strong historical growth in revenue and profits, with significant contributions from its PPA, Construction and Forestry, and Financial Services segments.
Recently, Zacks.com users have been paying close attention to Deere (DE). This makes it worthwhile to examine what the stock has in store.
The latest trading day saw Deere (DE) settling at $401.24, representing a +0.2% change from its previous close.