DeereNYSE: DE

Deere & Company DE will release earnings results for the fourth quarter, before the opening bell on Thursday, Nov. 21.

Over the past 40 years, John Deere has invested tens of millions of dollars to enhance the lives of its customers and tackle hunger issues. On November 18, 2024, Deere & Company announced a three-year, $6.6 million donation from the John Deere Foundation to Feeding America®.

DE's financial results for the fourth quarter are expected to show decreased sales, but this may be balanced out by better pricing.

Deere (DE) lacks the necessary mix of two important factors that could lead to a strong earnings report in the near future. Be ready for the main expectations.

In the most recent trading session, Deere (DE) finished at $389.45, which is a decrease of 1.09% compared to the previous day.

Deere & Company's stock has risen by 410.2% since 2015, which is much better than the S&P 500's 169.4% increase, supporting my earlier suggestion to buy. Even though the company has faced some drops in revenue and profit recently due to market challenges, it is still considered fairly valued or even slightly undervalued if conditions improve. Historically, Deere & Company has shown strong growth in both revenue and profits, especially from its PPA, Construction and Forestry, and Financial Services divisions.

Deere (DE) has a strong track record of surprising with its earnings and currently has the right mix of factors that suggest it may exceed expectations in its upcoming quarterly report.

Deere (DE) closed at $408.64 on the most recent trading day, showing an increase of 0.49% from its previous closing price.

Investors frequently rely on advice from Wall Street analysts when deciding whether to Buy, Sell, or Hold a stock. Although news about changes in ratings from these analysts can influence a stock's price, it's worth questioning how significant this impact truly is.