Investing.com UK - Financial Markets Worldwide
Get 40% Off
Get 40% Off
🚀 AI-picked stocks soar in May. PRFT is +55%—in just 16 days! Don’t miss June’s top picks.Unlock full list

Deere Likely To Report Lower Q1 Earnings; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

Published 15/02/2024, 06:02
© Reuters. Deere Likely To Report Lower Q1 Earnings; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
DE
-

Benzinga - by Avi Kapoor, Benzinga Staff Writer.

Deere & Company (NYSE: DE) is expected to release earnings results for its first quarter, before the opening bell on Feb. 15, 2024.

Analysts expect the Moline, Illinois-based company to report quarterly earnings at $5.21 per share, down from year-ago earnings of $6.55 per share. Deere is projected to report quarterly revenue of $10.34 billion, according to data from Benzinga Pro.

Deere, during November, reported upbeat earnings for its fourth quarter.

Deere shares rose 1.5% to close at $384.78 on Wednesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

  • JP Morgan analyst Tami Zakaria maintained a Neutral rating and increased the price target from $380 to $385 on Dec. 4, 2023. This analyst has an accuracy rate of 75%.
  • Evercore ISI Group analyst David Raso downgraded the stock from Outperform to In-Line and cut the price target from $456 to $424 on Sept. 19, 2023. This analyst has an accuracy rate of 77%.
  • Deutsche Bank analyst Nicole Deblase maintained a Hold rating and increased the price target from $398 to $407 on Aug. 21, 2023. This analyst has an accuracy rate of 79%.
  • Stifel analyst Stanley Elliott maintained a Buy rating and lowered the price target from $493 to $460 on Aug. 21, 2023. This analyst has an accuracy rate of 78%.
  • UBS analyst Steven Fisher maintained a Neutral rating and raised the price target from $383 to $408 on Aug. 21, 2023. This analyst has an accuracy rate of 74%.

Read This Next: Jim Cramer Puts This Industrial Stock In 'Penalty Box' After 'Miserable' Quarter

Latest Ratings for DE

DateFirmActionFromTo
Mar 2022Wells FargoInitiates Coverage OnOverweight
Feb 2022OppenheimerMaintainsOutperform
Feb 2022JP MorganMaintainsUnderweight
View More Analyst Ratings for DE

View the Latest Analyst Ratings

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read the original article on Benzinga

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.