Deere & Company ($DE) Stock Forecast: Up 9.0% Today

What is Deere & Company?

Deere & Company (NYSE: DE) is a well-known American corporation that manufactures agricultural, construction, and forestry machinery. Today, the stock DE experienced a strong bullish movement in the market.

Why is Deere & Company going up?

DE stock is up 9.0% on Nov 21, 2024 17:46

• Despite a steep sales drop and margin squeeze, Deere reported fourth-quarter earnings that beat expectations, showcasing resilience in challenging market conditions.
• The bearish sentiment from deep-pocketed investors may have initially caused some uncertainty, but the positive earnings surprise likely reassured the market.
• Analysts' forecast changes and the anticipation surrounding Deere's Q4 earnings release may have contributed to the bullish momentum as investors adjusted their positions based on the better-than-expected results.
• Overall, the combination of strong financial performance and market expectations likely drove the bullish movement in Deere's stock today.

DE Price Chart

DE Technical Analysis

DE News

This Is What Whales Are Betting On Deere - Deere ( NYSE:DE )

Deep-pocketed investors have adopted a bearish approach towards Deere DE, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today.

https://www.benzinga.com/insights/options/24/11/42115708/this-is-what-whales-are-betting-on-deere

Deere Q4 Earnings: Beats Expectations, Steep Sales Drop, Margins Squeeze & More - Deere ( NYSE:DE )

Deere & Co DE reported a fourth-quarter net sales and revenue decline of 28% year-over-year to $11.143 billion, beating the consensus of $9.335 billion. Deere clocked an EPS of $4.55, down from $8.26 YoY, beating the consensus of $3.90.

https://www.benzinga.com/news/earnings/24/11/42110605/deere-q4-earnings-beats-expectations-steep-sales-drop-margins-squeeze-more

Deere ( DE ) Beats Q4 Earnings and Revenue Estimates

Deere (DE) delivered earnings and revenue surprises of 16.97% and 1.66%, respectively, for the quarter ended October 2024. Do the numbers hold clues to what lies ahead for the stock?

https://www.zacks.com/stock/news/2373141/deere-de-beats-q4-earnings-and-revenue-estimates

Nvidia, Deere And 3 Stocks To Watch Heading Into Thursday - Deere ( NYSE:DE ) , BJ's Wholesale Club ( NYSE:BJ )

With U.S. stock futures trading mixed this morning on Thursday, some of the stocks that may grab investor focus today are as follows: Wall Street expects Deere & Company DE to report quarterly earnings at $3.87 per share on revenue of $9.34 billion before the opening bell, according to data from ...

https://www.benzinga.com/news/earnings/24/11/42103475/nvidia-deere-and-3-stocks-to-watch-heading-into-thursday

Deere Gears Up For Q4 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts - Deere ( NYSE:DE )

Deere & Company DE will release earnings results for the fourth quarter, before the opening bell on Thursday, Nov. 21. Analysts expect Deere to report quarterly earnings at $3.93 per share. That's down from $8.26 per share a year ago.

https://www.benzinga.com/24/11/42103337/deere-gears-up-for-q4-print-here-are-the-recent-forecast-changes-from-wall-streets-most-accurate-analysts

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Deere & Company Price History

21.10.2024 - DE Stock was up 5.1%

• A strong bullish movement was observed for Deere after exceeding Q4 earnings and revenue projections, displaying resilience in the face of declining sales and squeezed margins.
• Surpassing earnings and revenue estimates could indicate Deere's adeptness at navigating challenging market conditions and offering a more positive projection for investors.
• Optimism from Wall Street analysts and bullish sentiment surrounding Deere are bolstering the stock's upward trajectory, showcasing faith in the company's future performance.
• Despite a decrease in sales and margin constraints, Deere's ability to outperform expectations showcases efficient operations and strategic management choices that are propelling the stock price upwards.

21.10.2024 - DE Stock was up 9.0%

• Despite a steep sales drop and margin squeeze, Deere reported fourth-quarter earnings that beat expectations, showcasing resilience in challenging market conditions.
• The bearish sentiment from deep-pocketed investors may have initially caused some uncertainty, but the positive earnings surprise likely reassured the market.
• Analysts' forecast changes and the anticipation surrounding Deere's Q4 earnings release may have contributed to the bullish momentum as investors adjusted their positions based on the better-than-expected results.
• Overall, the combination of strong financial performance and market expectations likely drove the bullish movement in Deere's stock today.

16.01.2024 - DE Stock was down 5.3%

• Deere's shares declined as the company revised its full-year guidance, attributing it to customers delaying fleet replenishment. This expectation of reduced demand could be a contributing factor to the bearish movement.
• Ford's CEO suggested that investors should redirect their attention from Tesla to Ford's "Pro" unit, potentially diverting focus away from Deere and impacting its stock performance.
• Despite experiencing a decline in sales, Deere demonstrated optimism regarding profitability during their earnings call, highlighting its strong fundamentals. However, this positive outlook may not have been sufficient to counter the prevailing bearish sentiment.
• The disclosure of a significant drop in retail sales in January m

15.01.2024 - DE Stock was down 5.5%

• DE experienced a significant downward trend today.
• For the first quarter of fiscal 2024, the company's net sales and revenue saw a decline.
• DE's guidance for FY24 was revised downward, reflecting a less optimistic outlook for its net income.
• It is likely that the pessimistic outlook for FY24 and the decrease in sales and revenue are the main factors contributing to the downward movement of DE's stock today.

15.01.2024 - DE Stock was down 5.1%

• DE experienced a decrease in net sales and revenue during the first quarter of fiscal 2024, which may have influenced the bearish movement.
• Notably, the decline in net sales was observed in the Production & Precision Agriculture and Small Agriculture & Turf segments.
• Negatively impacting DE's stock price was the less optimistic outlook for FY24.
• The market's volatility and bearish sentiment may have been further exacerbated by the anticipation of DE's upcoming earnings report.

16.01.2024 - DE Stock was down 5.3%

• Deere shares declined after the company adjusted its full-year guidance, citing customer fleet replenishment delays.
• Ford CEO, Jim Farley, advised investors to shift their focus to Ford's "Pro" unit, which he believes is the future of the auto industry. This shift in attention could have impacted DE's bearish movement.
• The S&P 500 saw gains despite a report indicating a decline in retail sales. This suggests that DE's bearish movement may be specific to the company rather than a broader market trend.
• The bearish sentiment towards DE could be linked to concerns about customer demand and competition within the industry.

15.01.2024 - DE Stock was down 5.3%

• Deere shares slid after the company adjusted its full-year outlook, potentially suggesting a slowdown in the demand for agricultural equipment.
• The performance of the non-residential construction sector, closely tied to Deere's business, expanded by approximately 20% in 2023. However, this positive trend may not have directly impacted Deere's performance, as the company's outlook for construction was downgraded.
• The decrease in retail sales in January, exceeding expectations, could have contributed to the bearish movement in Deere's stock, indicating a potentially weaker overall economic environment.
• Disappointment over Deere's lowered net income guidance for FY24 may have led to a negative market response from investors.

16.01.2024 - DE Stock was down 5.3%

• The bearish movement in DE's stock can be attributed to the following factors:
• 1. Reduced profit outlook: Deere shares slid after the company lowered its full-year guidance due to customers holding off on replenishing their fleets. This cautious approach by customers could have raised concerns about future sales and profitability, leading to a decline in the stock price.
• 2. Weaker retail sales: Despite the S&P 500 gaining, retail sales in January showed a sharper-than-anticipated decline. This negative economic data could have impacted investor sentiment and contributed to the bearish movement in DE's stock.
• 3. Construction sector performance: While the construction sector has been booming, with a 20% expansion in 2023, there were no specific positive news or developments mentioned regarding Deere's performance in this sector. This lack of positive catalysts may have also influenced the bearish movement in DE's stock.
• 4. Mixed equities market: The overall market was mixed, with U.S. equities experiencing a bearish sentiment after disappointing retail sales data. This broader market sentiment could have had a spillover effect on DE's stock, contributing to its decline.
• Overall, the bearish movement in DE's stock today can be attributed to the company's reduced profit outlook, weaker retail sales, and the broader market sentiment.

15.07.2024 - DE Stock was up 6.6%

• DE stock experienced a strong bullish movement today.
• The positive earnings report for the third quarter of 2024, where Deere beat both EPS and revenue expectations, contributed to the bullish market movement.
• The resilient consumer spending indicated by the retail sales data for July also played a role in boosting investor confidence in Deere's performance.
• Despite a year-over-year decline in net income expectations due to low volumes, Deere's ability to surpass profit targets through strong pricing strategies and cost-cutting measures impressed investors, leading to the bullish market movement.

15.07.2024 - DE Stock was up 6.8%

• Third-quarter earnings of Deere & Company (DE) surpassed expectations despite a decrease in sales and revenue, demonstrating strength through effective pricing strategies and cost controls.
• The company anticipates a 31% year-over-year drop in net income for fiscal 2024 due to soft demand in its end markets, but the market reacted positively to the earnings outperformance.
• Despite facing tough conditions in key markets, Deere's ability to exceed profit projections and uphold its annual net income forecast fueled the bullish trend in its stock.
• The market appeared more focused on the company's adeptness in cost management and pricing strategies, overshadowing worries about lower revenue and profits in the third quarter.

15.07.2024 - DE Stock was up 5.3%

• Deere & Company (DE) reported third-quarter earnings that beat estimates, despite facing challenging conditions in key markets. This positive financial performance contributed to the bullish movement in the stock.
• Despite a 17% year-over-year decline in net sales and revenue, the company's earnings per share (EPS) of $6.29 surpassed expectations. This resilience in profitability likely boosted investor confidence and drove the stock higher.
• The reaffirmation of the annual net income outlook for 2024 by Deere further reassured investors about the company's future prospects, potentially fueling the bullish momentum.
• Strong agricultural margins and the company's ability to deliver value amid market fluctuations highlighted in the earnings report likely played a significant role in driving the stock price up, despite the challenging environment in the industry.

15.07.2024 - DE Stock was up 7.2%

• Deere & Company (DE) reported third-quarter earnings that surpassed both EPS and revenue estimates, showcasing the company's strong performance in a challenging economic environment.
• The positive earnings report contributed to the bullish movement in DE stock, as investors reacted favorably to the company's ability to outperform expectations.
• The overall market sentiment was also positive, with Wall Street's main indexes rising about 1% on the back of resilient consumer spending, which allayed fears of an imminent recession. This positive economic outlook likely further supported the bullish movement in DE stock.
• Despite anticipating a year-over-year decline in net income due to weak demand in its end markets, Deere's ability to beat earnings estimates for the quarter boosted investor confidence and drove the stock higher.