Deere & Company (NYSE: DE) reported quarterly earnings of $6.55 per share on [date], exceeding the Zacks Consensus Estimate of $5.81 per share but slightly down from $6.64 per share a year ago. The earnings surprise was +12.74%. The company also posted revenues of $11.78 billion for the quarter, surpassing expectations by 2.98% compared to $11.17 billion in the same period last year.
Over the past four quarters, Deere has outperformed consensus EPS estimates three times and recorded an earnings surprise of +26.04% last quarter. The current consensus estimate for the upcoming quarter stands at $5.13 per share on $10.86 billion in revenues, while the full fiscal year forecast includes earnings of $18.01 per share on revenues of $40.82 billion.
Year-to-date, Deere shares have risen approximately 20.4%, significantly outperforming the S&P 500’s 8.6% gain. The company currently holds a Zacks Rank of #3 (Hold) as it navigates mixed trends in estimate revisions related to future earnings.
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