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.
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 $8.53, which is worse than the estimate ninety days ago.
Here’s how Deere & has been performing on an annual basis:
|Revenue ($) 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|
Deere & has beat analyst estimates 2 times in the past four quarters. This is not consistent enough to get bullish yet.
“E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our successful CHEAT SHEET investing framework. Don’t waste another minute – click here to discover our CHEAT SHEET stock picks now!
(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)