Deere & Co. (DE) Tops Q3 EPS by 75c
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 $10.3 million.
Industry Outlook for 2021 (Annual) |
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Agriculture & Turf |
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U.S. & Canada: |
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Large Ag |
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| Up ~ 25% |
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Small Ag & Turf |
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| Up ~ 10% |
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Europe |
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| Up 10 to 15% |
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South America (Tractors & Combines) |
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| Up ~ 20% |
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Asia |
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| Up significantly |
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Construction & Forestry |
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U.S. & Canada: |
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Construction Equipment |
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| Up 15 to 20% |
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Compact Construction Equipment |
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| Up 20 to 25% |
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Global Forestry |
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| Up ~ 15% |
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Deere Segment Outlook (2021) |
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| Currency |
| Price |
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$ in millions |
| Net Sales |
| Translation |
| Realization |
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Production & Precision Ag |
| Up 25 to 30% |
| +2% |
| +8% |
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Small Ag & Turf |
| Up ~ 25% |
| +3% |
| +5% |
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Construction & Forestry |
| Up ~ 30% |
| +2% |
| +5% |
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Financial Services |
| Net Income |
| $ 850 |
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For earnings history and earnings-related data on Deere & Co. (DE) click here.