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 & 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 ...

Worldwide net sales and revenues decreased 12 percent, to $15.235 billion, for the second quarter of 2024 and decreased 9 percent, to $27.420 billion, for six months. Net sales were $13.610 billion for the quarter and $24.097 billion for six months, compared with $16.079 billion and $27.481 billion last year."John Deere's second-quarter results were noteworthy in light of continued changes across the global agricultural sector," stated John C. May, chairman and chief executive officer. "Thanks to the dedica ...

净销售和收入情况 - Deere & Company报告2024年第二季度净收入为23.7亿美元[1] - 全球净销售和收入下降12%，为152.35亿美元，前六个月下降9%至274.2亿美元[2] - 预计2024财年Deere & Company的净收入将约为70亿美元[2] 各部门销售情况 - 生产和精密农业销售额下降16%，运营利润下降24%[4] - 小型农业和草坪销售额下降23%，运营利润下降33%[5] - 建筑和林业销售额下降7%，运营利润下降20%[6] 财务展望 - 2024年财务服务运营净收入预计约为7.7亿美元[7] - 预测2024年农业和草坪市场将下降约10-15%[7] - 预计2024年生产和精密农业、小型农业和草坪、建筑和林业的净销售将下降20%至25%[7] 公司财务状况 - 公司前瞻性陈述涉及未来事件、预期和趋势，可能会受到变化、假设、风险和不确定性的影响[8] - 2024年第二季度，公司净销售额为136.1亿美元，较去年同期160.8亿美元下降15%[16] - 2024年第二季度，公司净利润为23.7亿美元，较去年同期28.6亿美元下降17%[16] - 2024年第二季度，每股基本收益为8.56美元，较去年同期9.69美元下降12%[16] - 2024年第二季度，现金及现金等价物为55.53亿美元，较去年同期74.58亿美元下降26%[17] - 2024年前两个季度，公司净现金流为9.44亿美元，较去年同期净现金流为负1.47亿美元[18] - 2024年前两个季度，设备运营部门净销售额为240.97亿美元，较去年同期274.81亿美元下降12%[21] - 2024年前两个季度，金融服务部门净销售额为31.4亿美元，较去年同期25.42亿美元增长24%[24] - 2024年前两个季度，公司总负债为82.84亿美元，较去年同期82.20亿美元增长1%[17] - 2024年前两个季度，公司股东权益为22.68亿美元，较去年同期21.79亿美元增长4%[17] 资产负债情况 - 现金及现金等价物从2023年10月29日的5,720百万美元下降至2024年4月28日的3,800百万美元[27] - 金融服务部门的应收款项从2023年10月29日的4,516百万美元下降至2024年4月28日的4,480百万美元[27] - 账面上的应收款项净额从2023年10月29日的8,687百万美元增加至2024年4月28日的10,263百万美元[27] - 账面上的融资应收款项净额从2023年10月29日的43,609百万美元增加至2024年4月28日的45,198百万美元[27] - 账面上的设备经营租赁净额从2023年10月29日的6,917百万美元增加至2024年4月28日的6,965百万美元[27] - 总资产从2023年10月29日的40,590百万美元增加至2024年4月28日的39,387百万美元[27] - 应付账款和应计费用从2023年10月29日的14,862百万美元减少至2024年4月28日的13,771百万美元[27] - 长期借款从2023年10月29日的7,210百万美元减少至2024年4月28日的6,575百万美元[27] - 现金等价物净增加额为1,916百万美元[28] - 现金、现金等价物和限制性现金期初余额为7,620百万美元，期末余额为5,727百万美元[28]

Deere & Company (DE) is scheduled to report second-quarter fiscal 2024 results on May 16, before the opening bell.Which Way Are Estimates Trending?The Zacks Consensus Estimate for Deere’s earnings per share is pegged at $7.86 for the fiscal second quarter, suggesting a decline of 18.6% from the year-ago reported figure. The Zacks Consensus Estimate for total revenues is pinned at $13.3 billion, indicating a year-over-year decrease of 17.5%.Q1 ResultsDeere’s sales and earnings surpassed the Zacks Consensus E ...

John Deere Named to The Civic 50 — Again!MOLINE, Ill., May 14, 2024 /PRNewswire/ -- Over the past year, John Deere (NYSE: DE) employees gave back in record-breaking numbers for community giving and volunteerism.And once again, their efforts are being recognized. For the third consecutive year John Deere has been named to The Civic 50, an annual honor recognizing the 50 most community-minded US companies. John Deere Employee Volunteers Deere was also awarded a gold medal this year after ranking second o ...

Wall Street analysts forecast that Deere (DE) will report quarterly earnings of $7.86 per share in its upcoming release, pointing to a year-over-year decline of 18.6%. It is anticipated that revenues will amount to $13.26 billion, exhibiting a decline of 17.5% compared to the year-ago quarter.The consensus EPS estimate for the quarter has been revised 0.9% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates ...

The most recent trading session ended with Deere (DE) standing at $409, reflecting a +0.88% shift from the previouse trading day's closing. The stock's change was more than the S&P 500's daily gain of 0.51%. Meanwhile, the Dow gained 0.85%, and the Nasdaq, a tech-heavy index, added 0.27%.Coming into today, shares of the agricultural equipment manufacturer had lost 1.59% in the past month. In that same time, the Industrial Products sector lost 2.22%, while the S&P 500 lost 0.25%.The investment community will ...

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Deere (DE) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended April 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report, which is expected to be released on May 16, 2024, might help the stock move higher if these key numbers are better than expectations. O ...