Deere & Earnings: Your Sneak Peek to the Big Announcement

Deere & (NYSE:DE) will report earnings before markets open on Wednesday, August 14th. Deere & Company manufactures and distributes a range of agricultural, construction and forestry, and commercial and consumer equipment. The Company supplies replacement parts for its own products and for those of other manufacturers. Deere also provides product and parts financing services.

Here is your Cheat Sheet to Deere & Earnings:

Earnings Expectations: Analysts expect earnings of $2.17 per share on revenues of $9.28 billion. Currently, the company’s P/E ratio stands at 9.97.

Analyst Trends:

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 $2.06 to a profit $1.95. For the current year, the average estimate is a profit of $8.53, which is worse than the estimate ninety days ago.

Earnings Trends:

Here’s how Deere & has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 28,438 23,112 26,005 32,013 36,157
Diluted EPS ($) 4.70 2.06 4.35 6.63 7.63

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Apr. 30, 2012 Jul. 31, 2012 Oct. 31, 2012 Jan. 31, 2013 Apr. 30, 2013
Revenue ($) in millions 10,008.60 9,590.40 9,792.00 7,421.40 10,913.50
Diluted EPS ($) 2.61 1.98 1.75 1.65 2.76

Past Performance:
Deere & has beat analyst estimates 2 times in the past four quarters. This is not consistent enough to get bullish yet.

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