Deere & Co. (DE) Tops Q4 EPS by 90c, Offers Guidance

Deere & Co. (NYSE: DE) reported Q4 EPS of $2.39, $0.90 better than the analyst estimate of $1.49. Revenue for the quarter came in at $9.73 billion versus the consensus estimate of $7.68 billion.

Guidance:

Net income attributable to Deere & Company for fiscal 2021 is forecast to be in a range of $3.6 billion to $4.0 billion.

In the year ahead, Deere expects to benefit from improving conditions in the farm economy and stabilization in construction and forestry markets, according to May. “Higher crop prices and improved fundamentals are leading to renewed optimism in the agricultural sector and improving demand for farm equipment,” he said. “At the same time, we are looking forward to realizing the benefits of our smart industrial operating strategy, which is designed to accelerate the delivery of solutions that will drive improved profitability and sustainability in our customers’ operations."

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

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