Titan Machinery stock sank early Thursday after reporting preliminary Q2 earnings and cutting its 2025 profit view.
Deere & Company (DE) reported third-quarter earnings that beat expectations, despite a year-over-year decline as the company faced "significant headwinds" in the agriculture and construction industries.
Deere is finally cooling off after a meteoric expansion period. Cyclicality is simply par for the course when it comes to investing in Deere.
Deere & Company (DE) reported third-quarter earnings that beat expectations, despite a year-over-year decline as the company faced "significant headwinds" in the agriculture and construction industries.
Deere (DE) came out with quarterly earnings of $6.29 per share, beating the Zacks Consensus Estimate of $5.80 per share. This compares to earnings of $10.20 per share a year ago.
Deere & Co.'s stock DE, +0.20% rose 3.8% early Thursday, after the agricultural and construction machinery maker swept past earnings estimates for its fiscal third quarter. Deere had net income of $1.734 billion, or $6.29 a share, for the quarter through July 28, down from $2.978 billion, or $10.20 a share, in the year-earlier period.
Deere & Company DE is set to release earnings results for its third quarter, before the opening bell on Aug. 15, 2024.
Deere's (DE) third-quarter fiscal 2024 results are likely to reflect lower volumes on weak demand in the agricultural industry.
Deere's stock has been volatile after a strong performance in 2020 and 2021, largely as a result of slowing top line growth in recent quarters. Despite challenges, the company has shown progress on the margin front, and with the potential for revenue re-acceleration, we expect strong EPS growth into 2030. Shares are currently undervalued, trading at a very attractive 10x P/E, presenting a potential opportunity for significant upside in the medium to long term.
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 July 2024.
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.
Deere is a leading American company specializing in heavy equipment for agriculture, construction, and forestry sectors. Despite recent weak guidance and sales declines as a result of crop prices, Deere has historically been a strong performance and has growth potential in the agricultural and construction industries. With a focus on cost reduction and expense management, Deere's valuation remains compelling, potentially offering significant upside for investors in the long term.