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Deere Fourth Quarter Earnings Preview
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When Deere (NYSE:DE) releases its fourth quarter earnings on Wednesday, November 21, 2012, it is expected to report earnings that are up 15.4% from a year ago. The consensus estimate is $1.87 per share, up from earnings of $1.62 per share a year ago.
Investors should care about a company's quarterly earnings because it shows the state of the business over the past 90 days and provides guidance for the following 90 days. SEE: Earnings: Quality Means Everything
What to Expect: The consensus estimate hasn't changed in the last month, but it has dropped from $1.89 three months ago. For the fiscal year, analysts are expecting earnings of $7.76 per share.
Deere is expected to report revenue of $8.82 billion for the quarter, beating last year's figure of $8.11 billion by 8.8%. Revenue of $33.45 billion is expected for the fiscal year.
Company Performance: In the past four quarters, revenue has shown consistent year-over-year growth. It rose 21.7% in the third quarter, 18.6% in the second quarter, 2.8% in the first quarter and 12.6% in the fourth quarter of the last fiscal year.
DE has a P/E ratio of 11.3. A company's price/earnings ratio (P/E ratio) provides a measure of how expensive or cheap a stock is. To determine the P/E ratio, an investor divides the market price of the stock by the earnings-per-share (EPS) of the stock. SEE: The P/E Ratio: A Good Market-Timing Indicator
The stock price has increased from $77.89 on August 20, 2012 to $85.39 over the past quarter. Deere's best recent streak was when its price gained $4.42 per share between October 12, 2012 and October 18, 2012.
The Competition: Deere & Company provides products and services for agriculture, forestry, construction, landscaping, and irrigation. The majority of analysts (nine of 17) rate Deere a buy. The rating has remained steady for the past three months.
The company's closest competitor in the constr. and agric. machinery industry is Caterpillar (CAT). Analysts are more optimistic about Deere than about Caterpillar. Only nine out of 21 analysts rate the latter a buy.
Investors should care about a company's quarterly earnings because it shows the state of the business over the past 90 days and provides guidance for the following 90 days. SEE: Earnings: Quality Means Everything
What to Expect: The consensus estimate hasn't changed in the last month, but it has dropped from $1.89 three months ago. For the fiscal year, analysts are expecting earnings of $7.76 per share.
Deere is expected to report revenue of $8.82 billion for the quarter, beating last year's figure of $8.11 billion by 8.8%. Revenue of $33.45 billion is expected for the fiscal year.
Company Performance: In the past four quarters, revenue has shown consistent year-over-year growth. It rose 21.7% in the third quarter, 18.6% in the second quarter, 2.8% in the first quarter and 12.6% in the fourth quarter of the last fiscal year.
The stock price has increased from $77.89 on August 20, 2012 to $85.39 over the past quarter. Deere's best recent streak was when its price gained $4.42 per share between October 12, 2012 and October 18, 2012.
The Competition: Deere & Company provides products and services for agriculture, forestry, construction, landscaping, and irrigation. The majority of analysts (nine of 17) rate Deere a buy. The rating has remained steady for the past three months.
The company's closest competitor in the constr. and agric. machinery industry is Caterpillar (CAT). Analysts are more optimistic about Deere than about Caterpillar. Only nine out of 21 analysts rate the latter a buy.
by
Investopedia Staff
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