On Friday, August 21, Deere DE will release its latest earnings report. Here is Benzinga's outlook for the company.
Earnings and Revenue
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
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
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