Deere & Company Third Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Deere & Company (NYSE:DE) will unveil its latest earnings on Wednesday, August 17, 2011. Deere & Company provides products and services for agriculture, forestry, construction, landscaping and irrigation.

Investing Insights:¬†Steve Jobs Prepares to Deliver a New Catalyst for Apple’s Stock.

Deere & Company Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of $1.68 per share, a rise of 16.7% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from $1.66. Between one and three months ago, the average estimate moved up, but it has been unchanged at $1.68 during the last month. For the year, analysts are projecting net income of $6.41 per share, a rise of 37.8% from last year.

Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 6 cents, reporting profit of $2.12 per share against a mean estimate of net income of $2.06 per share.

Investing Insights: Steve Jobs Prepares to Deliver a New Catalyst for Apple’s Stock.

Wall St. Revenue Expectations: On average, analysts predict $7.5 billion in revenue this quarter, a rise of 20.6% from the year ago quarter. Analysts are forecasting total revenue of $28.89 billion for the year, a rise of 22.6% from last year’s revenue of $23.57 billion.

Analyst Ratings: Analysts are bullish on this stock with 12 analysts rating it as a buy, none rating it as a sell and five rating it as a hold.

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 28%, 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 May 18, 2011 to August 12, 2011, the stock price had fallen $11.09 (-12.9%) from $86.06 to $74.97. 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% (+$7.51) over that span. It saw one of its worst periods between April 4, 2011 and April 12, 2011 when shares fell for seven-straight days, falling 5.8% (-$5.76) over that span. Shares are down $7.35 (-8.9%) year to date.

(Source: Xignite Financials)

Investing Insights: Steve Jobs Prepares to Deliver a New Catalyst for Apple’s Stock.

More from The Cheat Sheet