Earnings Preview: Deere & Company's EPS, Revenue Expected to Rise
Deere & Company (NYSE: DE) announces its next round of earnings this Wednesday, November 23, 2011. Here's Benzinga's essential guide to Deere & Company's fourth quarter earnings report.
Earnings and Revenue:
Ahead of the company's earnings announcement, analysts are expecting a positive EPS reading of $1.44/share and revenues of $7.84 billion. Deere & Company's latest numbers will no doubt be compared with the company's year-ago quarter, when it reported a profit of $1.07/share on revenues of $6.56 billion. We'll know on Wednesday whether the company has managed the estimated 34.6% increase in EPS and 19.5% rise in revenues on a year-over-year basis.
Here's how the company's reported EPS has stacked up against analyst estimates in the past:
| Quarter | Q3 | Q2 | Q1 | Q4 |
| EPS Estimate | $1.68 | $2.06 | $1.00 | $0.95 |
| EPS Actual | $1.69 | $2.12 | $1.20 | $1.07 |
(Estimates Source: Zacks)
Stock Performance:
At last check, shares of Deere & Company were trading at $75.02. Since January 1st, shares have declined 8.3%. For a full 12 months, the return has declined by 11.3%. Given that these returns are generally negative, long-term shareholders are probably a little upset going into this earnings release.
- Long-term shareholders are already wary of 12-month losses prior to the announcement
Average Stock Rating:
The average rating by analysts is a Hold.
Competitors:
Wondering how some of the other industrials companies are doing? Here are a few of Deere & Company's peers in that sector.
- AGCO (NYSE: AGCO): Hold with a $0.87 recent quarter EPS
- Caterpillar (NYSE: CAT): Moderate Buy with a $1.93 recent quarter EPS
- Alamo Group (NYSE: ALG): Hold
- Art's-Way Manufacturing (ARTW): Strong Buy with a $0.25 recent quarter EPS
The machinery-farming company's industry has seen price/earnings growth of 1.2% during the current fiscal year.
Finally, a description of the company's main areas of operation: Deere & Company provides products and services for agriculture, forestry, construction, landscaping, and irrigation.
Take Action:
Now that you've gotten an advanced peek at Deere & Company's upcoming earnings numbers, keep an eye out for any surprises in the report and be ready to take action. Also, check back in with us after the announcement for a full recap and a guide to your next steps.
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