Deere Earnings Report: Wall Street's Expectations and Key Insights
Financial Performance Overview
Quarterly Results
Wall Street analysts anticipate Deere to report earnings per share (EPS) of $5.68, a decrease from the $10.20 per share reported in the same quarter last year.
Equipment sales are projected to reach $10.9 billion, compared to $10.2 billion the previous year.
Full-Year Results
Deere's net income is expected to increase for both the quarter and full year due to favorable market conditions, innovative products, and strong execution.
Analyst Predictions
Quarterly Earnings Estimate
Analysts estimate quarterly EPS of $7.83, representing a potential earnings surprise.
Deere previously reported EPS surprises ranging from 10.28% to 12.7%.
Recent Performance
2023 Results
For the quarter ended October 2023, Deere exceeded analysts' expectations by reporting EPS of $10.28 and revenue of $12.7 billion.
Key Takeaways
- Wall Street estimates Deere's EPS at $5.68, with equipment sales of $10.9 billion.
- Analysts expect Deere's net income to grow due to market conditions, differentiated products, and strong execution.
- Deere is predicted to report quarterly EPS of $7.83, representing a potential earnings surprise.
- Deere has consistently exceeded analyst expectations in recent quarterly reports.
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