Deere stock gains as Q3 results top estimates, outlook steady

DA Davidson Reiterates Buy Rating on Deere (DE)

DA Davidson analyst Michael Shlisky reiterated a Buy rating and $465.00 price target on Deere (NYSE: DE)

The analyst comments "We are maintaining our BUY rating and $465 price target on DE following F3Q:24 earnings. DE was again able to beat expectations, and maintained... More

Deere (DE) PT Raised to $410 at BofA Securities

BofA Securities analyst Ross Gilardi raised the price target on Deere (NYSE: DE) to $410.00 (from $400.00) while maintaining a Neutral rating.

The analyst comments "DE shares jumped 6% (vs SPX +2%) on a better than feared result as investors braced for a guidance cut that did... More

BMO Capital Reiterates Market Perform Rating on Deere (DE)

BMO Capital analyst Joel Jackson reiterated a Market Perform rating and $400.00 price target on Deere (NYSE: DE).

The analyst comments "Strong quarter amid challenging dynamic as Deere beat FQ3 ($6.29 EPS vs. $5.72 consensus) and held ~$7B net income FY2024 (Oct) guidance. This was on slightly... More

Midday movers: Walmart, Cisco, Deere, Ulta Beauty rise; Alibaba falls

(Updated - August 15, 2024 11:24 AM EDT)

Investing.com -- U.S. stock futures traded higher Thursday after strong retail sales data eased fears of a slowdown in the economy, while investors remained optimistic of the possibility of an interest rate cut in September.

Here are some of the biggest U.S. stock movers today:

Walmart (NYSE: WMT) stock rose 6.6% after the retail behemoth reported... More

Oppenheimer Reiterates Outperform Rating on Deere (DE)

Oppenheimer analyst Noah Kaye reiterated an Outperform rating and $448.00 price target on Deere (NYSE: DE).

The analyst comments "DE beat top and bottom line while maintaining its full year net income outlook. Both Ag segments beat on top-line and margins, while CF was modestly below consensus on sales and well below on margin.... More

Citi Reiterates Neutral Rating on Deere (DE)

Citi analyst Kyle Menges reiterated a Neutral rating and $370.00 price target on Deere (NYSE: DE).

The analyst comments "DE reported its fiscal 3Q24 results, with adj. EPS coming in at $6.29, above our estimate of $5.45 and the Factset consensus estimate of $5.68. The beat to our... More

Deere & Co. (DE) Tops Q3 EPS by 59c, offers guidance commentary

Deere & Co. (NYSE: DE) reported Q3 EPS of $6.29, $0.59 better than the analyst estimate of $5.70. Revenue for the quarter came in at $11.39 billion versus the consensus estimate of $10.95 billion.

"Net income attributable to Deere & Company for fiscal 2024 is forecasted to be approximately $7.0... More

Deere beats profit targets as strong pricing, cost cuts counter slow demand

By Shivansh Tiwary

(Reuters) -Deere & Co beat analysts' expectations for third-quarter profit on Thursday, as stronger pricing and cost control measures protected its margins from sluggish demand for its farm equipment.

Shares of the world's largest farm equipment maker rose 6%, lifting peer Caterpillar, which also reported a profit beat last week amid moderating demand, nearly 3%.

Higher prices, implemented two years ago following supply chain complications and a surge in demand for industrial and... More

Deere & Co. (DE) August 350 straddle priced into quarter results

Deere & Co. (NYSE: DE) August 350 straddle priced for a move of 6% into expected release of quarter results today before the bell.

Deere & Co. (DE) call put ratio 1.2 calls to 1 put with focus on August options into quarter results

Deere & Co. (NYSE: DE) August calls option implied volatility is at 90, September is at 31; compared to its 52-week range of 18 to 44 into expected release of quarter results before the bell on August 15. Call put ratio 1.2 calls to 1 put with focus on August options.

Deere & Co. (DE) August 350 straddle priced into quarter results

Deere & Co. (NYSE: DE) August 350 straddle priced for a move of 6% into expected release of quarter results before the bell on August 15.

Deere & Co. (DE) call put ratio 1.6 calls to 1 put with focus on August calls

Deere & Co. (NYSE: DE) August calls option implied volatility is at 77, September is at 33; compared to its 52-week range of 18 to 44 into expected release of quarter results before the bell on August 15. Call put ratio 1.6 calls to 1 put with focus on August calls.

Deere (DE) PT Lowered to $360 at JPMorgan

JPMorgan analyst Ann Duignan lowered the price target on Deere (NYSE: DE) to $360.00 (from $375.00) while maintaining a Neutral rating.... More

Deere & Co. (DE) call put ratio 1 call to 1.5 puts into quarter results

Deere & Co. (NYSE: DE) August 345 straddle priced for a move of 6% into expected release of quarter results before the bell on August 15.