Deere & Company Fourth Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Deere & Company (NYSE:DE) will unveil its latest earnings on Wednesday, November 23, 2011. Deere & Company provides products and services for agriculture, forestry, construction, landscaping, and irrigation.

Deere & Company Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of $1.44 per share, a rise of 34.6% from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate moved down. It has risen from $1.43 during the last month. Analysts are projecting profit to rise by 38.5% versus last year to $6.44.

Past Earnings Performance: Last quarter, the company beat estimates by one cent, coming in at profit of $1.69 a share versus the estimate of net income of $1.68 a share. It marked the fourth straight quarter of beating estimates.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 19.5% in revenue from the year-earlier quarter to $7.84 billion.

Analyst Ratings: Analysts seem relatively indifferent about Deere & Company with eight of 15 analysts surveyed maintaining a hold rating.

A Look Back: In the third quarter, profit rose 15.4% to $712.3 million ($1.69 a share) from $617 million ($1.44 a share) the year earlier, exceeding analyst expectations. Revenue rose 26.6% to $7.88 billion from $6.22 billion.

Key Stats:

The company has enjoyed double-digit year-over-year percentage revenue growth for the past four quarters. Over that span, the company has averaged growth of 30.2%, with the biggest boost coming in the fourth quarter of the last fiscal year when revenue rose 38.9% from the year earlier quarter.

Competitors to Watch: AGCO Corporation (NYSE:AGCO), Caterpillar Inc. (NYSE:CAT), Arts-Way Manufacturing Co. Inc. (NASDAQ:ARTW), The Toro Company (NYSE:TTC), Lindsay Corporation (NYSE:LNN), Kubota Corporation (NYSE:KUB), CNH Global N.V. (NYSE:CNH), Alamo Group, Inc. (NYSE:ALG), Manitowoc Company, Inc. (NYSE:MTW).

Stock Price Performance: During September 22, 2011 to November 17, 2011, the stock price had risen $6.83 (10%) from $68.19 to $75.02. The stock price saw one of its best stretches over the last year between January 4, 2011 and January 18, 2011 when shares rose for 10-straight days, rising 9.1% (+$7.47) over that span. It saw one of its worst periods between September 15, 2011 and September 23, 2011 when shares fell for seven-straight days, falling 14.2% (-$11.11) over that span. Shares are down $6.81 (-8.3%) year to date.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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