Deere & Co. (DE) stock falls on guidance cut despite earnings beat

Goldman Sachs Reiterates Buy Rating on Deere (DE)

Goldman Sachs analyst Jerry Revich reiterated a Buy rating and $466.00 price target on Deere (NYSE: DE).

The analyst comments "We reduce our 2024-26 EPS estimates by 13% on average following 2Q results pointed Deere taking sharper production cuts to combat rising used... More

Deere (DE) PT Raised to $402 at Deutsche Bank

Deutsche Bank analyst Nicole DeBlase raised the price target on Deere (NYSE: DE) to $402.00 (from $401.00) while maintaining a Hold rating.

The analyst comments "Despite a sizeable MSD 2Q24 core segment income beat vs. consensus/DBe, DE cut its FY24 net income guidance by 8%... More

Deere cuts 2024 profit forecast as sliding farm income stifles demand

By Deborah Mary Sophia

(Reuters) -Deere on Thursday trimmed its annual profit forecast for the second time and projected steeper declines in sales of large agriculture equipment, as farmers balk at buying tractors and combines due to falling crop prices.

Farm income is expected to slide 25.5% to $116.1 billion this year from 2023, according to the U.S. Department of Agriculture, set for a second consecutive annual drop, as corn and... More

Deere & Co. (DE) Tops Q2 EPS by 66c; Cuts net income forecast

(Updated - May 16, 2024 6:07 AM EDT)

Deere & Co. (NYSE: DE) reported Q2 EPS of $8.53, $0.66 better than the analyst estimate of $7.87. Revenue for the quarter came in at $15.24 billion versus the consensus estimate of $13.3 billion.

Full-year net income forecast updated to approximately $7.0 billion, down... More

Deere & Co. (DE) May 415 straddle priced into quarter results

Deere & Co. (NYSE: DE) May 415 straddle priced for a move of 4.5% into the expected release of quarter results today before the bell.

Deere & Co. (DE) May option implied volatility into quarter results

Deere & Co. (NYSE: DE) May call option implied volatility is at 67, June is at 26; compared to its 52-week range 19 to 36 into the expected release of quarter results before the bell on May 16.

Deere & Co. (DE) May 412 straddle priced into quarter results

Deere & Co. (NYSE: DE) May 412 straddle priced for a move of 4.5% into the expected release of quarter results before the bell on May 16.

Deere & Co. (DE) call put ratio 1 call to 2.2 puts into quarter results

Deere & Co. (NYSE: DE) May call option implied volatility is at 63, June is at 26; compared to its 52-week range 19 to 36 into the expected release of quarter results before the bell on May 16.