DE - Deere & Co. Earnings Preview: Solid Results Expected But Don't Expect Share Price Pop | Benzinga
Deere & Company reports its fourth-quarter earnings on Nov. 22 against the backdrop of a share price that has fallen 15% in the past four months. But could this be an opportunity to buy?
Analysts polled by Zacks Investment Research have forecast Deere & Company (NYSE:DE) earnings per share of $7.49 for the quarter. Over the previous four quarters Deere has beaten Wall Street expectations — and by 25% in its third quarter, as reported in July.
Q3 Impressed With Raised Outlook
The green-and-yellow-liveried maker of farm and construction equipment also raised its annual profit outlook at its third-quarter presentation — saying it now expects full-year net income of between $9.75 billion and $10.00 billion, up from its previous outlook of $9.25 billion to $9.50 billion.
John May, ...