Deere Expects Q4 Revenue of $9.08B and $2.06 EPS; Shares Up 18%
Deere will report Q4 results Thursday before markets open, with analysts forecasting 6.7% year-over-year revenue growth to $9.08 billion and $2.06 in adjusted EPS after a previous quarter where revenues of $12.39 billion beat expectations by 6.6%. Shares have risen 18.1% over the past month against an average $528.26 price target.
1. Q4 Earnings Forecast
Deere will release fourth-quarter results this Thursday before markets open. Analysts project revenue of $9.08 billion, up 6.7% year over year, and adjusted earnings of $2.06 per share, reflecting a significant rebound from last year’s 30.2% decline in the same quarter.
2. Prior Quarter Results Recap
In the previous quarter, Deere reported revenues of $12.39 billion, marking an 11.2% year-on-year increase and surpassing revenue estimates by 6.6%. The company also delivered an EBITDA beat, continuing its track record of exceeding analysts’ top-line forecasts.
3. Market Sentiment and Peer Performance
Deere shares have climbed 18.1% over the past month, outpacing a 7.8% average gain among heavy machinery peers. AGCO’s recent 1.1% revenue growth and Lindsay’s results hint at sector momentum, while Deere’s average analyst price target stands at $528.26 versus its current $600.80 share price.