Deere & Earnings: Here’s Why Investors are Excited 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 down 0%.
Deere & Company Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 5.75% to $2.76 in the quarter versus EPS of $2.61 in the year-earlier quarter.
Revenue: Rose 2.56% to $10.27 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Deere & Company reported adjusted EPS income of $2.76 per share. By that measure, the company beat the mean analyst estimate of $2.72. It beat the average revenue estimate of $9.81 billion.
Quoting Management: There was no comment from the management.
Key Stats (on next page)…
Revenue increased 38.32% from $7.42 billion in the previous quarter. EPS increased 67.27% from $1.65 in the previous quarter.
Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $2.21 to a profit $2.2. For the current year, the average estimate has moved up from a profit of $8.45 to a profit of $8.6 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)