Deere (DE) Stock Pops After Earnings Beat, Results Seen as Strong
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Go back to Deere (DE) Stock Pops After Earnings Beat, Results Seen as Strong
February 22, 2022 8:26 AM EST
Oppenheimer analyst Noah Kaye raised the price target on Deere (NYSE: DE) to $432.00 (from $425.00) while maintaining an Outperform rating following results.
The analyst commented, "DE's F1Q results reflected strong execution against the dynamic labor and supply chain backdrop. Fundamentals remain largely unchanged, with... More
February 18, 2022 6:18 AM EST
By Abhijith Ganapavaram
(Reuters) -Deere & Co raised its annual profit forecast after posting estimate-beating quarterly earnings on Friday, as the world's largest farm equipment maker expects a margin boost from price hikes and solid demand for its tractors and combines.
Demand for agricultural equipment is seen to be high this year as farmers are flush with cash from high grain prices and government support during the COVID-19 pandemic. They, however, face challenges from soaring... More
February 18, 2022 6:12 AM EST
Deere & Co. (NYSE: DE) reported Q1 EPS of $2.92, $0.66 better than the analyst estimate of $2.26. Revenue for the quarter came in at $9.57 billion versus the consensus estimate of $8.19 billion.
For earnings history and earnings-related data on Deere & Co. (DE) click here.
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