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On Friday, August 21, Deere (NYSE:DE) will release its latest earnings report. Here is Benzinga's outlook for the company.
Earnings and Revenue
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Deere EPS is expected to be around $1.24, according to sell-side analysts. Sales will likely be near $6.70 billion. Deere reported a profit of $2.71 per share when it published results during the same quarter last year. Sales in that period totaled $8.97 billion. If the company were to match the consensus estimate when it reports Friday, EPS would have fallen 54.24%. Sales would be down 13.66% on a year-over-year basis. Here's how the company's reported EPS has stacked up against analyst estimates in the past:
| Quarter | Q2 2020 | Q1 2020 | Q4 2019 | Q3 2019 |
|---|---|---|---|---|
| EPS Estimate | 1.80 | 1.26 | 2.14 | 2.85 |
| EPS Actual | 2.11 | 1.63 | 2.14 | 2.71 |
| Revenue Estimate | 7.76 B | 6.42 B | 8.44 B | 9.39 B |
| Revenue Actual | 9.25 B | 6.53 B | 8.70 B | 8.97 B |
Stock Performance
For a full 12 months, the return has risen by 30.19%. Given that these returns are generally positive, long-term shareholders are probably relaxed going into this earnings release. Long-term shareholders are already enjoying 12-month gains prior to the announcement.
Don't be surprised to see the stock move on comments made during its conference call. Deere is scheduled to hold the call at 10:00:00 ET and can be accessed here: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Finvestor.deere.com%2Fhome%2F&eventid=2403326&sessionid=1&key=716C41732A3BEA291840917EDBCCCBCD®Tag=&sourcepage=register
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.