Market Overview

2 Big-Cap Earnings Reports To Watch On Friday Morning: Deere, Foot Locker


Deere & Company (NYSE: DE) and Foot Locker, Inc. (NYSE: FL) are scheduled to report quarterly financial results on Friday before the market opens. Below is a look at what the Street and the crowd are expecting from the earnings calls.

Deere & Company

According to Estimize, Deere & Company is expected to deliver one of its weakest quarters ever. The Street is modeling consensus earnings of $1.47 per share on revenue of $7.129 billion, while the crowd is projecting consensus earnings of $1.49 per share on revenue of $7.158 billion.

These estimates imply a year-over-year decline in earnings of at least 36 percent. In the same quarter last year, earnings came in at $2.33 per share, and revenue came in at $8.723 billion; in the last quarter, EPS reached $2.03, and revenue, $7.399 billion.

Related Link: Software Earnings Calls To Watch Thursday: Salesforce And Intuit

Foot Locker

Foot Locker is expected to report a somewhat more decent quarter. Per Estimize data, the Street is anticipating consensus earnings of $0.69 per share on revenue of $1.664 billion. The crowd is slightly more bullish, and estimates consensus earnings of $0.73 per share on sales of $1.671 billion.

While these figures would imply a considerable increase from the EPS of $0.63 (on revenue of $1.641 billion) reported a year ago, they would still involve a decline from last quarter’s EPS of $1.29 on revenue of $1.916 billion.

On Monday, analysts at Canaccord raised their price target on the stock from $72 to $78, anticipating that execution could drive ecommerce platform productivity gains.

Latest Ratings for DE

Feb 2019MaintainsBuyBuy
Feb 2019MaintainsOutperformOutperform
Feb 2019DowngradesBuyNeutral

View More Analyst Ratings for DE
View the Latest Analyst Ratings

Posted-In: Canaccord EstimizeAnalyst Color Previews Crowdsourcing Analyst Ratings Trading Ideas General


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