PREVIEW: Deere seen reporting higher rev, lower EPS in results due Wednesday
Shares of Deere & Co DE.N are up 2.5% in afternoon trading Tuesday, along with broader market gains, with the agricultural equipment maker seen reporting higher yr/yr rev but lower EPS in its qtrly results due before the opening bell on Wednesday
Analysts expect fiscal Q4 rev of $9.85 bln vs $9.28 bln in the yr-ago period and EPS of $3.85 vs $4.55 a yr ago, according to LSEG
The median 12-mo PT on the stock is $517.50; the stock is now at $499.42
In August, Deere reported a drop in quarterly profit and warned of a bigger tariff hit than previously expected
Analyst recommendations on the stock include 14 "strong buy" or "buy" ratings, 10 "hold" ratings and 1 "sell" rating, per LSEG
Including the session move, DE is up about 18% YTD compared with a roughly 15% gain in the S&P 500 .SPX
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