Shares of Deere are under pressure as the farm equipment maker expects annual profit to come in below estimates.
Deere (DE) came out with quarterly earnings of $3.93 per share, missing the Zacks Consensus Estimate of $3.96 per share. This compares to earnings of $4.55 per share a year ago.
Deere's stock falls as the full-year outlook suggests the worst of the agriculture cycle isn't over yet.
Deere logged higher sales in its fiscal fourth quarter as agricultural trends began to improve, but the company issued a downbeat forecast for the current year.
Deere & Company (NYSE: DE) will release earnings results for the fourth quarter, before the opening bell on Wednesday, Nov. 26.
Deere (DE) closed at $487.24 in the latest trading session, marking a +2.29% move from the prior day.
DE braces for Q4 results as earnings estimates slip, segment forecasts diverge and cost pressures challenge its recent streak of surprises.
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.
Recently, Zacks.com users have been paying close attention to Deere (DE). This makes it worthwhile to examine what the stock has in store.
Deere (DE) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
The latest trading day saw Deere (DE) settling at $468.3, representing a +1.38% change from its previous close.
Zacks.com users have recently been watching Deere (DE) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.