Deere Q2 2024 GAAP EPS $8.53 Beats $7.87 Estimate, Sales $15.235B Beat $13.281B Estimate
Portfolio Pulse from Benzinga Newsdesk
Deere (NYSE:DE) reported Q2 2024 earnings per share (EPS) of $8.53, beating the analyst consensus estimate of $7.87. The company also reported sales of $15.235 billion, surpassing the estimate of $13.281 billion. However, both EPS and sales showed a decline compared to the same period last year.
May 16, 2024 | 10:06 am
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Deere's Q2 2024 earnings per share (EPS) of $8.53 beat the analyst consensus estimate of $7.87, and sales of $15.235 billion surpassed the estimate of $13.281 billion. Despite these beats, both EPS and sales declined compared to the same period last year.
Deere's earnings and sales both exceeded analyst expectations, which is generally positive for the stock price. However, the year-over-year decline in both metrics may temper investor enthusiasm.
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IMPORTANCE 80
RELEVANCE 100