Deere & Company (DE) reported fiscal 2024 fourth-quarter results that topped estimates, even as the maker of farm equipment warned of "ongoing headwinds."
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) 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 & 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 & 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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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.