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A Preview of Deere's Earnings

Benzinga Insights
·2 min read

On Friday, August 21, Deere (NYSE: DE) will release its latest earnings report. Here is Benzinga's outlook for the company.

Earnings and Revenue

Deere EPS is expected to be around $1.24, according to sell-side analysts. Sales will likely be near $6.70 billion. Deere reported a profit of $2.71 per share when it published results during the same quarter last year. Sales in that period totaled $8.97 billion. If the company were to match the consensus estimate when it reports Friday, EPS would have fallen 54.24%. Sales would be down 13.66% on a year-over-year basis. Here's how the company's reported EPS has stacked up against analyst estimates in the past:

Quarter

Q2 2020

Q1 2020

Q4 2019

Q3 2019

EPS Estimate

1.80

1.26

2.14

2.85

EPS Actual

2.11

1.63

2.14

2.71

Revenue Estimate

7.76 B

6.42 B

8.44 B

9.39 B

Revenue Actual

9.25 B

6.53 B

8.70 B

8.97 B

Stock Performance

For a full 12 months, the return has risen by 30.19%. Given that these returns are generally positive, long-term shareholders are probably relaxed going into this earnings release. Long-term shareholders are already enjoying 12-month gains prior to the announcement.

View more earnings on DE

Don't be surprised to see the stock move on comments made during its conference call. Deere is scheduled to hold the call at 10:00:00 ET and can be accessed here: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Finvestor.deere.com%2Fhome%2F&eventid=2403326&sessionid=1&key=716C41732A3BEA291840917EDBCCCBCD&regTag=&sourcepage=register

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