Insights Into Deere (DE) Q3: Wall Street Projections for Key Metrics

Analysts on Wall Street project that Deere (DE) will announce quarterly earnings of $4.79 per share in its forthcoming report, representing an increase of 0.8% year over year. Revenues are projected to reach $10.78 billion, increasing 4.1% from the same quarter last year.

The consensus EPS estimate for the quarter has been revised 0.9% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.

Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.

While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.

Bearing this in mind, let's now explore the average estimates of specific Deere metrics that are commonly monitored and projected by Wall Street analysts.

Analysts predict that the 'Net Sales and Revenues- Agriculture and Turf (Production & precision ag net sales + Small ag & turf net sales)' will reach $7.33 billion. The estimate indicates a year-over-year change of +0.5%.

According to the collective judgment of analysts, 'Net Sales and Revenues- Small ag & turf net sales' should come in at $3.40 billion. The estimate suggests a change of +12.3% year over year.

Based on the collective assessment of analysts, 'Net Sales and Revenues- Production & precision ag net sales' should arrive at $3.94 billion. The estimate points to a change of -7.9% from the year-ago quarter.

The average prediction of analysts places 'Net Sales and Revenues- Equipment Operations- Net sales' at $10.90 billion. The estimate suggests a change of +5.2% year over year.

It is projected by analysts that the 'Net Sales and Revenues- Construction & forestry net sales' will reach $3.56 billion. The estimate suggests a change of +16.5% year over year.

The consensus among analysts is that 'Net Sales and Revenues- Other revenues' will reach $253.07 million. The estimate indicates a year-over-year change of +4.1%.

The collective assessment of analysts points to an estimated 'Net Sales and Revenues- Financial services revenues' of $1.37 billion. The estimate indicates a year-over-year change of -3.7%.

The consensus estimate for 'Net Sales and Revenues- Financial services- Other Income' stands at $104.15 million. The estimate indicates a change of -6.2% from the prior-year quarter.

Analysts expect 'Net Sales and Revenues- Financial services- Finance and Interest Income' to come in at $1.32 billion. The estimate indicates a change of -8% from the prior-year quarter.

The combined assessment of analysts suggests that 'Net Sales and Revenues- Net sales' will likely reach $10.86 billion. The estimate suggests a change of +4.8% year over year.

Analysts' assessment points toward 'Net Sales and Revenues- Financial services- Total' reaching $1.42 billion. The estimate points to a change of -7.9% from the year-ago quarter.

Analysts forecast 'Operating profit- Agriculture and turf (Production & precision ag + Small ag & turf)' to reach $997.68 million. Compared to the present estimate, the company reported $1.07 billion in the same quarter last year.

Over the past month, Deere shares have recorded returns of +1.9% versus the Zacks S&P 500 composite's +3.3% change. Based on its Zacks Rank #3 (Hold), DE will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .

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