Deere & Company (DE)
Is Deere Stock Overvalued At $440?
The stock price of Deere (NYSE: DE) surged 8% on November 21, after the company reported upbeat fiscal Q4 results (fiscal ends in October). It reported equipment revenue of $9.3 billion and earnings of $4.55 per share, compared to the street estimates of $9.3 billion and $3.90, respectively.
Deere Goes Boom: The Next Cycle Has Arrived
Deere & Company is a compelling dividend growth stock with strong buybacks, yielding 1.5% and a five-year CAGR of 14.1%. Despite cyclical challenges, Deere's proactive inventory management, pricing power, and innovative technologies position it well for future growth. Potential demand tailwinds include easing monetary policy, improving agricultural fundamentals, and stabilization in used equipment markets.
Deere Q4 Earnings Top Estimates, Sales Fall Y/Y on Low Volumes
DE's Q4 results reflect the impacts of lower shipment volumes across all segments due to weak demand.
Deere & Company (DE) Q4 2024 Earnings Call Transcript
Deere & Company (NYSE:DE ) Q4 2024 Earnings Conference Call November 21, 2024 10:00 AM ET Company Participants Josh Beal - Director, IR Josh Rohleder - Manager, Investor Communications John May - Chairman, President & CEO Cory Reed - President, President, Worldwide Agriculture & Turf Division: Production and Precision Ag, Americas and Australia Josh Jepsen - SVP & CFO Conference Call Participants Kristen Owen - Oppenheimer Jerry Revich - Goldman Sachs Kyle Menges - Citigroup David Raso - Evercore ISI Angel Castillo - Morgan Stanley Rob Wertheimer - Melius Research Jamie Cook - Truist Securities Operator Good morning, and welcome to the Deere & Company Fourth Quarter Earnings Conference Call. [Operator Instructions] I would now like to turn the call over to Mr.
Deere: Sell It On Q4 Earnings Bounce, Buy It Back Later
Deere is the undisputed market leader among tractor and farming equipment manufacturers. This year, the whole industry faced many challenges and was expected to report weak earnings. However, after a weak report, John Deere's shares are rising close to ATHs.
Crude Oil Gains 1%; Deere Posts Better-Than-Expected Earnings
U.S. stocks traded mixed midway through trading, with the Dow Jones index gaining by more than 400 points on Thursday.
Deere Results Top Estimates Despite 'Ongoing Headwinds'
Deere & Company (DE) reported fiscal 2024 fourth-quarter results that topped estimates, even as the maker of farm equipment warned of "ongoing headwinds."
Deere (DE) Reports Q4 Earnings: What Key Metrics Have to Say
While the top- and bottom-line numbers for Deere (DE) give a sense of how the business performed in the quarter ended October 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Deere (DE) Beats Q4 Earnings and Revenue Estimates
Deere (DE) came out with quarterly earnings of $4.55 per share, beating the Zacks Consensus Estimate of $3.89 per share. This compares to earnings of $8.26 per share a year ago.
Deere earnings beat forecasts, but guidance disappoints
Deere & Company (NYSE:DE, ETR:DCO) stock was up 1.2% premarket after the tractor maker reported better quarterly earnings but delivered guidance that was not as much as had been forecast, due to ongoing investment in the business. The Illinois-based group posted results showing net income of $1.245 billion for its fiscal fourth quarter, down 47% from a year earlier.
Deere's earnings tumble but still blow past estimates as company offers soft guidance on weak demand
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.
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