PREVIEW: Deere shares dip late Wed; results due before the bell Thurs

Shares of Deere & Co DE.N are down 0.1% in afternoon trading Wed, with the co seen reporting a decline in yr over yr rev in its quarterly results, due before the bell on Thurs

Analysts expect Q2 rev of $10.79 bln vs $13.61 bln a yr ago, and they expect EPS of $5.58/shr vs $8.53, according to LSEG

The median PT is $500, while the stock was last at $497.67

On February 13, Deere reported lower first-quarter profit, as more farmers switched to renting tractors and other equipment due to weak incomes and high borrowing rates

Including the session move, DE is up 17.3% YTD while the the S&P 500 .SPX is roughly flat for that period