Deere & Co. (DE) Tops Q1 EPS by $1.02, Revenues Beat

Deere & Co. (NYSE: DE) reported Q1 EPS of $6.55, $1.02 better than the analyst estimate of $5.53. Revenue for the quarter came in at $12.65 billion versus the consensus estimate of $11.4 billion.

GUIDANCE:

Net income attributable to Deere & Company for fiscal 2023 is forecast to be in a range of $8.75 billion to $9.25 billion.

“Deere is looking forward to another strong year on the basis of positive fundamentals, low machine inventories, and a continuation of solid execution,” May said. “We are proud of our recent performance and remain fully committed to helping our customers do their jobs in a more profitable, productive, and sustainable way. We have confidence in our ability to execute on our leap ambitions and run our businesses with real purpose, real technology, and real impact.”

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

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