Deere & Co. Earnings Preview: Solid Results Expected, But Don't Expect Share Price Pop
Portfolio Pulse from Neil Dennis
Deere & Company (NYSE:DE) is set to report Q4 earnings on Nov. 22, with analysts expecting EPS of $7.49. Despite beating expectations in the past four quarters and raising its full-year net income outlook in Q3, DE's share price has dropped 15% in the past four months. The stock's cyclicality and potential economic slowdown may prevent a short-term share price increase, even with solid results. Caterpillar Inc. (NYSE:CAT) has experienced a similar share price trajectory.
November 21, 2023 | 6:23 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Caterpillar Inc. shares have mirrored Deere's performance, falling 15% since August but rising 68% since the end of 2019. The stock may also be impacted by the same economic and cyclicality factors affecting Deere.
Caterpillar's stock trajectory is similar to Deere's, suggesting that it may also not see a short-term price increase due to the same cyclicality and economic concerns.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Deere & Company is anticipated to report solid Q4 earnings, but its share price has declined recently due to its cyclicality and broader economic concerns. Despite strong past performance, the short-term outlook may remain muted.
Deere's stock price has not reacted positively to past earnings beats due to concerns over economic cyclicality. The same pattern may persist in the short term, despite strong Q4 expectations.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 90