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Deere & Co. (DE) Tops Q3 EPS by 75c

August 20, 2021 6:16 AM EDT

Deere & Co. (NYSE: DE) reported Q3 EPS of $5.32, $0.75 better than the analyst estimate of $4.57. Revenue for the quarter came in at $11.53 million versus the consensus estimate of $10.3 million.

Industry Outlook for 2021 (Annual)

Agriculture & Turf

U.S. & Canada:

Large Ag

Up ~ 25%

Small Ag & Turf

Up ~ 10%

Europe

Up 10 to 15%

South America (Tractors & Combines)

Up ~ 20%

Asia

Up significantly

Construction & Forestry

U.S. & Canada:

Construction Equipment

Up 15 to 20%

Compact Construction Equipment

Up 20 to 25%

Global Forestry

Up ~ 15%

Deere Segment Outlook (2021)

Currency

Price

$ in millions

Net Sales

Translation

Realization

Production & Precision Ag

Up 25 to 30%

+2%

+8%

Small Ag & Turf

Up ~ 25%

+3%

+5%

Construction & Forestry

Up ~ 30%

+2%

+5%

Financial Services

Net Income

$ 850

For earnings history and earnings-related data on Deere & Co. (DE) click here.



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