Deere Reports Second Quarter Net Income of $2.098 Billion

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BMO Capital Stays Sidelined on Deere (DE)

May 20, 2022 10:02 AM EDT

BMO Capital analyst Joel Tiss reiterated a Market Perform rating and $425.00 price target on Deere (NYSE: DE).

The analyst comments "Deere reported fiscal 2Q22 EPS of $6.81, or closer to about $5.75 adjusted, vs. $6.69 consensus. Equipment adjusted operating margins were down 155 bps y/y to 17.9% but missed... More

Morgan Stanley Says Deere (DE) Margin Challenges Likely Isolated to Q2, Stays Overweight

May 20, 2022 9:22 AM EDT

Morgan Stanley analyst Courtney Yakavonis reiterated an Overweight rating and $485.00 price target on Deere (NYSE: DE).

The analyst comments "With more challenged margin performance in the Ag segments complementing a net income guidance increase that was driven by non-core items, we... More

Citi Sees Deere (DE) Consensus Estimate Likely Moving Higher

May 20, 2022 9:11 AM EDT

Citi analyst Timothy Thein reiterated a Neutral rating and $435.00 price target on Deere (NYSE: DE).

The analyst comments "Forecasting DEs quarterly results can be difficult in even normal times given how timing of high margin Ag shipments can slide from one quarter to... More

Deere & Co. (DE) Tops Q2 EPS by 10c

May 20, 2022 6:47 AM EDT

Deere & Co. (NYSE: DE) reported Q2 EPS of $6.81, $0.10 better than the analyst estimate of $6.71. Revenue for the quarter came in at $13.37 billion versus the consensus estimate of $13.2 billion.

Net income attributable to Deere & Company for fiscal 2022 is forecast to be in a range of... More