The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Deere's revenues will improve 23.3% and EPS will improve 37.3%.
The average estimate for revenue is $9.52 billion. On the bottom line, the average EPS estimate is $2.32.
Last quarter, Deere logged revenue of $9.41 billion. GAAP reported sales were 12% higher than the prior-year quarter's $8.91 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, EPS came in at $2.61. GAAP EPS of $2.61 for Q2 were 23% higher than the prior-year quarter's $2.12 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 29.8%, 50 basis points better than the prior-year quarter. Operating margin was 16.0%, 100 basis points better than the prior-year quarter. Net margin was 10.6%, 50 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $34.26 billion. The average EPS estimate is $8.20.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 2,705 members out of 2,833 rating the stock outperform, and 128 members rating it underperform. Among 634 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 611 give Deere a green thumbs-up, and 23 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Deere is outperform, with an average price target of $94.17.
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