Overview of Deere & Company Earnings Expectations
Deere & Company (NYSE: DE) is gearing up for its fourth quarter earnings release, with expectations set to announce results before the market opens on an upcoming Wednesday. Analysts are forecasting that the Moline-based company will report earnings of approximately $3.83 per share. This figure indicates a decline compared to the previous year’s results, which registered around $4.55 per share. The anticipated quarterly revenue is about $9.81 billion, marking a noteworthy difference from last year’s revenue of $9.28 billion.
Recent Performance and Analyst Ratings
Notably, Deere has managed to surpass analyst revenue expectations in each of the last ten quarters. This consistent performance has solidified investor confidence. Recently, shares of Deere demonstrated an uptrend, adding 2.2% and closing at $498.13.
How Analysts Have Rated Deere Recently
Analysts continue to monitor Deere closely. In recent evaluations, several prominent analysts have weighed in with their predictions for the stock. The following outlines some of the most recent actions taken by analysts regarding Deere’s shares:
- UBS analyst Steven Fisher upgraded the stock to Buy from Neutral, while adjusting the price target down from $545 to $535.
- JP Morgan's Tami Zakaria retained a Neutral rating, but significantly reduced the price target from $495 to $480.
- Jamie Cook from Truist Securities maintained a Buy rating and raised the price target slightly from $602 to $609.
- Oppenheimer’s Noah Kaye held an Outperform rating but adjusted the price target down from $566 to $512.
- Baird's Mircea Dobre kept a Neutral rating and cut the price target from $520 down to $488.
What to Expect in Q4
Investors looking to buy into DE stock should be well-informed about the company's performance trends and analyst projections. As the Q4 earnings report approaches, understanding these ratings provides critical insights into how market sentiment may shift in response to the actual earnings results.
Conclusion
As the fourth quarter draws near, investors and analysts alike are keenly observing Deere & Company. With recent upgrades and revisions to price targets, the market seems poised for an interesting earnings announcement. It will be essential to watch how the results compare to analyst expectations as they could influence stock performance going forward.
Frequently Asked Questions
What are the expected earnings for Deere's Q4?
The expected earnings for Deere's Q4 are around $3.83 per share, down from $4.55 in the previous year.
What is the anticipated revenue for the quarter?
The anticipated revenue for the quarter is approximately $9.81 billion.
How has Deere performed compared to analyst expectations recently?
Deere has exceeded analyst revenue expectations for over ten consecutive quarters, demonstrating strong financial performance.
What changes have analysts made to their ratings of Deere?
Analysts have made various changes, with some upgrading their ratings while others lowered their price targets based on recent performance insights.
Why is the Q4 earnings report significant for investors?
The Q4 earnings report is significant as it will provide updated insights into the company's financial health and could impact stock performance based on comparison with market expectations.
