Deere & Company: Earnings Projections and Market Performance Discussed Ahead of Q1 2025 Report
Deere & Company (DE), with a market capitalization of $124 billion, stands as the leading global manufacturer of agricultural equipment, recognized for its trademark John Deere brand showcased in its green and yellow color scheme. The company, headquartered in Moline, Illinois, aims to transform agriculture through innovative technology. It operates through four main segments: Production and Precision Agriculture, Small Agriculture and Turf, Construction and Forestry, and Financial Services. The firm is set to announce its fiscal Q1 2025 earnings on Thursday, February 20.
Looking ahead, analysts anticipate that the agricultural equipment giant will report a profit of $3.11 per share, which marks a striking decline of 50.1% compared to $6.23 per share from the same quarter last year. Notably, DE has consistently outperformed Wall Street estimates in its last four quarterly reports, achieving nearly 17% above expectations in its most recent results.
For the full fiscal year 2025, forecasts suggest that DE will achieve an EPS of $19.34 per share, a decrease of 24.5% from $25.62 per share in fiscal 2024. In a somewhat optimistic turn, analysts predict an EPS growth of 14.5% year-over-year, reaching $22.15 in fiscal 2026.
Over the past year, Deere & Company has increased by 20.3%, which falls short of the broader S&P 500 Index’s ($SPX) impressive 26.5% gain and the Industrial Select Sector SPDR Fund’s (XLI) nearly 25% return during the same period.
On November 21, Deere & Company shares surged by 8.1% following a stronger-than-anticipated Q4 EPS of $4.55 and sales from equipment operations totaling $9.3 billion. While both earnings and sales have decreased year-over-year, revenue in critical segments like Production & Precision Agriculture and Financial Services surpassed forecasts. Investors took note of the company’s effective pricing strategies and reduced production costs to offset lower shipment counts. The fiscal 2024 EPS of $25.62 surpassed analyst consensus, bolstering investor confidence amid anticipated declines for fiscal 2025.
Currently, analysts maintain a moderately optimistic outlook on Uber Technologies stock, assigning it a “Moderate Buy” rating overall. Out of 19 analysts covering the stock, nine recommend a “Strong Buy,” two suggest a “Moderate Buy,” while eight advise a “Hold.” This rating is a slight decline from three months prior when there were ten “Strong Buy” ratings.
As of now, DE is trading below the average analyst price target of $472.74.
On the date of publication, Sohini Mondal did not hold (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is intended solely for informational purposes. For more details, please refer to the Barchart Disclosure Policy here. More news from Barchart
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