Deere Likely To Report Lower Q1 Earnings; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
Portfolio Pulse from Avi Kapoor
Deere & Company (NYSE:DE) is anticipated to report lower Q1 earnings with an expected EPS of $5.21, down from $6.55 the previous year, and revenue of $10.34 billion. Despite this, DE shares rose 1.5% recently. Analysts from JP Morgan, Evercore ISI Group, Deutsche Bank, Stifel, and UBS have provided varied ratings and price targets for DE, reflecting a cautious to optimistic outlook.
February 15, 2024 | 6:02 am
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Deere & Company is expected to report lower Q1 earnings with an EPS of $5.21, down from $6.55, and revenue projections of $10.34 billion. Analysts have mixed views, with price target adjustments reflecting a cautiously optimistic outlook.
The expected decrease in earnings per share (EPS) for Deere & Company suggests a potential short-term negative impact. However, the recent share price increase and mixed analyst ratings with adjustments in price targets indicate a cautiously optimistic market sentiment. This mixed outlook, combined with the company's recent history of upbeat earnings, suggests a neutral short-term impact on DE's stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100