Deere Forecasts FY24 Net Income Attributable To Be $7.75B-$8.25B, As Volumes Return To Mid-Cycle Levels
Portfolio Pulse from Benzinga Newsdesk
Deere & Company forecasts its net income attributable for fiscal year 2024 to be between $7.75 billion and $8.25 billion, as the company expects volumes to return to mid-cycle levels.
November 22, 2023 | 11:08 am
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Deere & Company anticipates a net income of $7.75B-$8.25B for FY24, signaling a return to mid-cycle volume levels.
Deere's forecast of net income for FY24 suggests a positive outlook on the company's financial performance. This projection could lead to increased investor confidence and potentially drive the stock price up in the short term. The forecast is directly related to the company's financial health and operational efficiency, making it highly relevant and important to investors. The confidence in this analysis is high due to the specificity of the forecast figures provided by the company.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100