Deere Earnings: Everything You Must Know Now

Deere & Company (NYSE:DE) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are flat.

Deere & Company Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased to $1.65 in the quarter versus EPS of $1.30 in the year-earlier quarter.

Revenue: Rose 0.39% to $6.79 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Deere & Company reported adjusted EPS income of $1.65 per share. By that measure, the company beat the mean analyst estimate of $1.40. It beat the average revenue estimate of $6.72 billion.

Quoting Management: “With our eleventh consecutive quarter of record earnings, John Deere has started 2013 on a positive note and is setting the stage for another successful year,” said Samuel R. Allen, chairman and chief executive officer. “These results are further proof of the adept execution of operating and marketing plans aimed at expanding our global market presence while maintaining a tight grip on costs and assets,” he said. “As a result, Deere remains well-positioned to earn solid profits in today’s fragile global economy and, longer term, to benefit from major trends that we continue to believe hold great promise for the company and its customers and investors.”

Key Stats (on next page)…

Revenue decreased 30.62% from $9.79 billion in the previous quarter. EPS decreased 5.71% from $1.75 in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $2.65 to a profit $2.74. For the current year, the average estimate has moved up from a profit of $8.29 to a profit of $8.37 over the last ninety days.

Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute – click here and get our CHEAT SHEET stock picks now.

(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at]