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Deere & Company's Q2 Report: Strong Revenue, Cautious Outlook
marketbeat.com· 2024-05-17 21:30
Key PointsDeere & Company's Q2 earnings beat analysts' expectations, driven by strong revenue but offset by a lowered full-year profit forecast.The agricultural sector faces multiple headwinds, including lower commodity prices, rising input costs, and declining farm income, creating a cautious outlook for the industry.Deere & Company remains committed to its long-term growth strategy, focusing on technology, innovation, sustainability, and diversification.5 stocks we like better than Deere & CompanyDeere & ...
3 Robotics and Automation Stocks to Sell in May Before They Crash & Burn
investorplace.com· 2024-05-17 18:24
The rapid advancements in artificial intelligence (AI) and automation have led to a surge in interest in robotics stocks. However, investors should be cautious about investing in this sector in 2024. Many robotics companies are facing significant challenges that could negatively impact their performance and lead to a strong bear case for selling these stocks. This has led to my list of robotics and automation stocks to sell.One major concern is the oversaturation of the market. As more companies enter the r ...
Should Investors Buy the Dip in Deere & Company's (DE) Stock After Earnings?
zacks.com· 2024-05-17 08:06
Despite exceeding top and bottom line expectations for its fiscal second quarter this morning, Deere & Company’s (DE)  stock dropped -5% in Thursday's trading session after lowering its fiscal 2024 net income guidance.Still, as a pioneer and the dominant market leader in manufactured agricultural equipment, investors may be wondering if it's time to buy the dip in Deere’s stock given its strong historical performance.Q2 Financial Review Deere’s Q2 net income came in at $2.37 billion or $8.53 per share which ...
John Deere(DE) - 2024 Q2 - Earnings Call Transcript
2024-05-17 01:35
财务数据和关键指标变化 - 净销售额下降12%至152.35亿美元,设备业务净销售额下降15%至136.1亿美元 [13] - 净利润为23.7亿美元,每股摊薄收益8.53美元 [13] 各条业务线数据和关键指标变化 生产和精密农业 - 净销售额下降16%至65.81亿美元,主要由于出货量下降,部分被价格上涨抵消 [14] - 营业利润为16.5亿美元,营业利润率为25.1% [15] 小型农业和园艺 - 净销售额下降23%至31.85亿美元,主要由于出货量下降,部分被价格上涨抵消 [16] - 营业利润下降至5.71亿美元,营业利润率为17.9% [16] 建筑与林业 - 净销售额下降7%至38.44亿美元,主要由于出货量下降,部分被价格上涨和汇率变动抵消 [24] - 营业利润为6.68亿美元,营业利润率为17.4% [24] 各个市场数据和关键指标变化 北美大型农机 - 预计全年销量下降15%,主要是下半年大型拖拉机需求下降 [18] - 二手高马力拖拉机库存上升,对购买决策产生影响 [19] 北美小型农机和园艺 - 预计全年销量下降10%,主要是骑乘式割草机需求下降,受高利率影响 [19] 欧洲 - 预计全年销量下降15%,受农户不确定性增加影响 [20] - 但农场现金流仍维持在10年均值附近,奶牛和畜牧业基本面有望改善 [20] 南美 - 预计全年拖拉机和收割机销量下降15%-20% [21] - 巴西市场受全球产量高企、商品价格下降等因素影响较大 [21] 公司战略和发展方向及行业竞争 - 公司将采取主动的生产管理,在需求下降的情况下适当减产,以保持与零售需求相匹配的库存水平 [40][49] - 公司正加快技术创新,加大精准农业解决方案的推广,提升客户价值 [51][52][53] - 公司在巴西市场推出卫星通信等新技术,获得客户良好反响 [53][84] - 建筑与林业业务保持稳定,基础设施投资和房地产市场需求支撑行业需求 [25][91] 管理层对经营环境和未来前景的评论 - 农业市场整体呈现下行趋势,农户信心下降,导致设备需求下滑 [17][40] - 农产品价格下降、农资成本上升、利率高企等因素对农户利润产生压力 [40][41] - 公司将采取主动减产措施,以保持合理的库存水平,为2025年做好准备 [49][50][63] - 建筑与林业业务保持相对稳定,但面临一定的价格竞争压力 [91] - 公司有信心通过技术创新、成本管控等措施,维持较高的盈利水平 [43][44][95] 问答环节重要的提问和回答 问题1 **Mig Dobre 提问** 公司在PPA和SAP业务中的减产规模有多大?这对收入的影响有多大? [110][111] **Josh Rohleder 回答** - 全球PPA业务减产规模在高个位数,北美大型拖拉机减产幅度略高 [112][113][114] - 公司正在大幅降低2024年末的库存水平,以应对需求下滑 [115][116][117] 问题2 **Kristen Owen 提问** 在减产背景下,公司如何通过成本管控来抵消毛利率下降的影响? [123] **Josh Rohleder 和 Josh Jepsen 回答** - 公司正在采取多项成本管控措施,包括调整生产节奏、优化物流和采购成本等 [124][125][126][127] - 同时公司正在为2025年推出大量新产品做准备,以提升产品竞争力 [128][129] 问题3 **Jerry Revich 提问** 公司对二手设备库存上升的应对措施有多大信心? [154] **Josh Rohleder 和 Cory Reed 回答** - 公司主动减产新机,以消化二手库存,同时利用经销商基金等工具帮助经销商消化二手设备 [156][157][158][159][160][161] - 公司相信随着新技术的推广和农场经营效率的提升,二手设备需求将保持良好 [161][162]
Deere (DE) Q2 Earnings & Sales Top Estimates, '24 View Dips
zacks.com· 2024-05-17 01:16
Deere & Company (DE) shares fell 5.1% in the pre-market trading, as the company cut down its 2024 guidance.DE reported second-quarter fiscal 2024 (ended Apr 28) earnings of $8.53 per share, beating the Zacks Consensus Estimate of $7.86. The bottom line decreased 12% from the prior-year quarter on lower shipment volumes.Net sales of equipment operations (comprising Agriculture, and Turf, Construction and Forestry) were $13.61 billion, down 15.4% year over year. However, net sales topped the Zacks Consensus E ...
Compared to Estimates, Deere (DE) Q2 Earnings: A Look at Key Metrics
zacks.com· 2024-05-17 00:31
Deere (DE) reported $13.61 billion in revenue for the quarter ended April 2024, representing a year-over-year decline of 15.4%. EPS of $8.53 for the same period compares to $9.65 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $13.26 billion, representing a surprise of +2.66%. The company delivered an EPS surprise of +8.52%, with the consensus EPS estimate being $7.86.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they ...
Deere (DE) Q2 Earnings and Revenues Top Estimates
zacks.com· 2024-05-17 00:16
Deere (DE) came out with quarterly earnings of $8.53 per share, beating the Zacks Consensus Estimate of $7.86 per share. This compares to earnings of $9.65 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 8.52%. A quarter ago, it was expected that this agricultural equipment manufacturer would post earnings of $5.19 per share when it actually produced earnings of $6.23, delivering a surprise of 20.04%.Over the last four quarter ...
Why Deere Stock Is Caught in the Headlights Today
fool.com· 2024-05-16 23:35
The quarter was strong, but the outlook is uncertain.Agriculture equipment manufacturer Deere (DE -3.25%) reported better-than-expected quarterly results but trimmed its full-year forecast for the second time. Investors are focused on what is to come, sending Deere shares down 3% as of 11 a.m. Eastern.Strong quarter, uncertain outlookDeere earned $8.53 per share in its fiscal second quarter ending April 28 on revenue of $15.24 billion, easily surpassing Wall Street's $7.86 per share on sales of $13.3 billio ...
Deere Cuts Outlook Again as Farm Equipment Demand Drops
investopedia.com· 2024-05-16 22:45
Key TakeawaysDeere & Co. cut its full-year profit forecast for a second straight quarter Thursday on reduced demand for new farm equipment.The company lowered its prediction for sales of big farm machinery this year.Deere beat earnings and revenue estimates in its fiscal second quarter. Shares of Deere & Co. (DE) fell in intraday trading Thursday as the manufacturer of big farm and construction equipment cut its profit forecast for a second consecutive quarter on limited demand for its machines. The company ...
Deere reports a strong Q2 but trims guidance
invezz.com· 2024-05-16 18:40
Deere & Co (NYSE: DE) is trading down in premarket on Thursday even though it reported better-than-expected financial results for its second quarter. Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.Why is Deere stock down on Thursday?Copy link to sectionThe stock is being hit primarily because the agricultural equipment manufacturer trimmed its guidance for the future. $DE now forecasts its net income to print at about $7.0 billion.  Analysts, in comp ...