The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Deere's revenues will expand 5.4% and EPS will grow 4.6%.
The average estimate for revenue is $9.91 billion. On the bottom line, the average EPS estimate is $2.73.
Last quarter, Deere chalked up revenue of $6.79 billion. GAAP reported sales were 9.7% higher than the prior-year quarter's $6.77 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 $1.65. GAAP EPS of $1.65 for Q1 were 27% higher than the prior-year quarter's $1.30 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 30.0%, 50 basis points better than the prior-year quarter. Operating margin was 13.2%, 100 basis points better than the prior-year quarter. Net margin was 8.8%, 90 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $35.76 billion. The average EPS estimate is $8.60.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 2,758 members out of 2,888 rating the stock outperform, and 130 members rating it underperform. Among 633 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 607 give Deere a green thumbs-up, and 26 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 $95.40.
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