DE Stock Recent News

Deere (DE) came out with quarterly earnings of $3.19 per share, beating the Zacks Consensus Estimate of $3.13 per share. This compares to earnings of $6.23 per share a year ago.

Deere is still grappling with a weak demand environment, with sales sharply lower across its core operating segments.

Full-year net income forecast remains steady despite currency fluctuations. Results reflect progress in streamlining field inventory amidst uncertain market conditions.

The Los Angeles wildfires are estimated to have caused between $95 billion to $164 billion in property damage, with insured losses reaching $75 billion. The cleanup and rebuilding effort will take years.

Deere & Company's stock is currently expensive with a high forward P/E of 24, but investor optimism is driven by an expected gradual recovery through 2025. Deere's earnings report is crucial, especially regarding inventory management and production hours, as competitors face significant declines and market downturns. Despite a weak 2025 outlook, Deere's strong market position and technology in precision agriculture and autonomous solutions offer long-term potential.

DE's fiscal first-quarter results are likely to reflect lower volumes, partially offset by favorable price realization.

Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Deere (DE), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended January 2025.

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MOLINE, Ill. , Feb. 7, 2025 /PRNewswire/ -- Deere & Company (NYSE: DE) will hold its first quarter 2025 earnings call on Thursday, 13 February, beginning at 9:00 a.m.

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