We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Deere (DE) Reports Q4 Earnings: What Key Metrics Have to Say
Read MoreHide Full Article
Deere (DE - Free Report) reported $9.28 billion in revenue for the quarter ended October 2024, representing a year-over-year decline of 32.8%. EPS of $4.55 for the same period compares to $8.26 a year ago.
The reported revenue represents a surprise of +1.66% over the Zacks Consensus Estimate of $9.12 billion. With the consensus EPS estimate being $3.89, the EPS surprise was +16.97%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Deere performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net Sales and Revenues- Production & precision ag net sales: $4.31 billion versus the six-analyst average estimate of $4.26 billion. The reported number represents a year-over-year change of -38.2%.
Net Sales and Revenues- Agriculture and Turf (Production & precision ag net sales + Small ag & turf net sales): $6.60 billion compared to the $6.41 billion average estimate based on six analysts. The reported number represents a change of -34.4% year over year.
Net Sales and Revenues- Equipment Operations- Net sales: $9.28 billion versus $9.09 billion estimated by six analysts on average. Compared to the year-ago quarter, this number represents a -32.8% change.
Net Sales and Revenues- Small ag & turf net sales: $2.31 billion versus $2.16 billion estimated by six analysts on average. Compared to the year-ago quarter, this number represents a -25.5% change.
Net Sales and Revenues- Construction & forestry net sales: $2.66 billion versus $2.68 billion estimated by six analysts on average. Compared to the year-ago quarter, this number represents a -28.8% change.
Net Sales and Revenues- Other revenues: $346 million versus $244.15 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +31.1% change.
Net Sales and Revenues- Financial services revenues: $1.52 billion compared to the $1.34 billion average estimate based on three analysts. The reported number represents a change of +13% year over year.
Net Sales and Revenues- Net sales: $11.14 billion versus $9.25 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -19.3% change.
Net Sales and Revenues- Financial services- Total: $1.69 billion versus $1.54 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +7.7% change.
Net Sales and Revenues- Equipment Operations- Other income: $274 million compared to the $191.18 million average estimate based on two analysts. The reported number represents a change of +25.7% year over year.
Net Sales and Revenues- Equipment Operations- Finance and interest income: $154 million versus $140.25 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -20.2% change.
Net Sales and Revenues- Other income: $317 million versus $245.99 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +24.8% change.
Shares of Deere have returned -0.9% over the past month versus the Zacks S&P 500 composite's +1% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Deere (DE) Reports Q4 Earnings: What Key Metrics Have to Say
Deere (DE - Free Report) reported $9.28 billion in revenue for the quarter ended October 2024, representing a year-over-year decline of 32.8%. EPS of $4.55 for the same period compares to $8.26 a year ago.
The reported revenue represents a surprise of +1.66% over the Zacks Consensus Estimate of $9.12 billion. With the consensus EPS estimate being $3.89, the EPS surprise was +16.97%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Deere performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net Sales and Revenues- Production & precision ag net sales: $4.31 billion versus the six-analyst average estimate of $4.26 billion. The reported number represents a year-over-year change of -38.2%.
- Net Sales and Revenues- Agriculture and Turf (Production & precision ag net sales + Small ag & turf net sales): $6.60 billion compared to the $6.41 billion average estimate based on six analysts. The reported number represents a change of -34.4% year over year.
- Net Sales and Revenues- Equipment Operations- Net sales: $9.28 billion versus $9.09 billion estimated by six analysts on average. Compared to the year-ago quarter, this number represents a -32.8% change.
- Net Sales and Revenues- Small ag & turf net sales: $2.31 billion versus $2.16 billion estimated by six analysts on average. Compared to the year-ago quarter, this number represents a -25.5% change.
- Net Sales and Revenues- Construction & forestry net sales: $2.66 billion versus $2.68 billion estimated by six analysts on average. Compared to the year-ago quarter, this number represents a -28.8% change.
- Net Sales and Revenues- Other revenues: $346 million versus $244.15 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +31.1% change.
- Net Sales and Revenues- Financial services revenues: $1.52 billion compared to the $1.34 billion average estimate based on three analysts. The reported number represents a change of +13% year over year.
- Net Sales and Revenues- Net sales: $11.14 billion versus $9.25 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -19.3% change.
- Net Sales and Revenues- Financial services- Total: $1.69 billion versus $1.54 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +7.7% change.
- Net Sales and Revenues- Equipment Operations- Other income: $274 million compared to the $191.18 million average estimate based on two analysts. The reported number represents a change of +25.7% year over year.
- Net Sales and Revenues- Equipment Operations- Finance and interest income: $154 million versus $140.25 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -20.2% change.
- Net Sales and Revenues- Other income: $317 million versus $245.99 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +24.8% change.
View all Key Company Metrics for Deere here>>>Shares of Deere have returned -0.9% over the past month versus the Zacks S&P 500 composite's +1% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.