Key Details
Price
$466.00Last Dividend
$1.47Annual ROE
31.69%Beta
0.64Events Calendar
Next earnings date:
N/ARecent quarterly earnings:
Nov 21, 2024Recent annual earnings:
Nov 21, 2024Next ex-dividend date:
N/ARecent ex-dividend date:
Sept 30, 2024Next split:
N/ARecent split:
Dec 04, 2007Analyst ratings
Recent major analysts updates
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Last week, Deere & Company announced strong results, and the market responded favorably. The stock is now close to its highest ever. Although the company is experiencing a downturn, it is clearly improving as a business, and we will analyze its valuation to suggest that Deere may still be fairly priced despite its recent gains.
Users of Zacks.com have been paying a lot of attention to Deere (DE) lately. Therefore, it's important to understand the key information that could influence the stock's future.
Deere & Co. DE shares rose slightly in early trading on Friday, following the company's positive fiscal fourth-quarter results.
On November 21, Deere's stock price jumped by 8% after the company announced positive results for its fiscal Q4, which ends in October. They reported equipment revenue of $9.3 billion and earnings of $4.55 per share, exceeding analysts' expectations of $9.3 billion in revenue and $3.90 in earnings.
Deere's stock rises following strong results for the fourth quarter of fiscal 2024. However, the company has provided a less optimistic outlook for fiscal year 2025.
DE's results for the fourth quarter show that all segments experienced lower shipment volumes because of weak demand.
Deere & Company (NYSE:DE) will hold its Q4 2024 Earnings Conference Call on November 21, 2024, at 10:00 AM ET. The call will feature several company representatives, including Josh Beal, John May, and Cory Reed, as well as participants from various financial institutions. The operator will now hand over the call to Mr. Beal.
Deere is the clear leader in the market for tractors and farming equipment. This year, the industry encountered several difficulties and was predicted to show low earnings. Despite a disappointing report, John Deere's stock is climbing near its all-time highs.
Deere & Company (DE) announced its fourth-quarter results for fiscal 2024, which exceeded expectations, despite the farm equipment manufacturer cautioning about "continuing challenges."
The financial results for Deere (DE) provide an overview of the company's performance for the quarter ending in October 2024. It may be helpful to compare some important metrics with Wall Street predictions and figures from the same period last year.
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