In the upcoming report, Wall Street experts think that Deere (DE) will announce earnings of $5.16 per share for the quarter, which is a drop of 21.2% compared to last year. They're also predicting revenues of $10.29 billion, which is down 9.8% from the same time last year.
In the last month, the general guess for earnings per share hasn't changed much. This shows that analysts have been sticking to their original predictions.
It's super important to pay attention to any changes in earnings predictions before a company shares its earnings. These changes can give us clues about how investors might react to the company's stock. Lots of studies have shown a strong link between changes in earnings predictions and short-term changes in stock prices.
Usually, investors look at the overall earnings and revenue estimates to judge how a company is doing in a quarter. But sometimes, looking at specific predictions for key numbers from analysts can give a clearer picture.
So, let's dive into what analysts are saying about some important numbers for Deere.
Analysts think that 'Net Sales and Revenues- Agriculture and Turf' will be around $7.28 billion, which is down 11.3% from last year. They're expecting 'Net Sales and Revenues- Construction & forestry' to be about $2.97 billion, down 7.1% from last year.
For 'Net Sales and Revenues- Small ag & turf,' analysts are predicting around $2.55 billion, which is a decrease of 15.1% from last year. They think 'Net Sales and Revenues- Production & precision ag' will be about $4.68 billion, down 10% from last year.
Overall, analysts are expecting 'Net Sales and Revenues- Equipment Operations' to be around $10.36 billion, down 9.1% from last year. But they're more optimistic about 'Net Sales and Revenues- Other revenues,' predicting an increase of 18.6% to $249.01 million.
'Net Sales and Revenues- Financial services revenues' are expected to be $1.05 billion, up 0.8% from last year. The consensus estimate for 'Net Sales and Revenues- Net sales' is $10.25 billion, down 10.1% from last year.
Analysts also predict 'Net Sales and Revenues- Other income' to be around $245.37 million, down 4.2% from last year. And they expect 'Net Sales and Revenues- Finance and interest income' to increase by 12.9% to $1.12 billion.
When it comes to operating profit, analysts think 'Operating profit- Agriculture and turf' will be $1.29 billion, down from $1.66 billion last year. And they predict 'Operating profit- Construction & forestry' to be around $473.94 million, down from $625 million last year.
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