Deere Likely To Report Lower Q1 Earnings; Here Are The Recent Forecast Changes From Wall Street’s Most Accurate Analysts By Benzinga

© Reuters. Deere Likely To Report Lower Q1 Earnings; Here Are The Recent Forecast Changes From Wall Street’s Most Accurate Analysts

Benzinga – by Avi Kapoor, Benzinga Staff Writer.

Deere & Company (NYSE: DE) is expected to release earnings results for its first quarter, before the opening bell on Feb. 15, 2024.

Analysts expect the Moline, Illinois-based company to report quarterly earnings at $5.21 per share, down from year-ago earnings of $6.55 per share. Deere is projected to report quarterly revenue of $10.34 billion, according to data from Benzinga Pro.

Deere, during November, reported upbeat earnings for its fourth quarter.

Deere shares rose 1.5% to close at $384.78 on Wednesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• JP Morgan analyst Tami Zakaria maintained a Neutral rating and increased the price target from $380 to $385 on Dec. 4, 2023. This analyst has an accuracy rate of 75%.
• Evercore ISI Group analyst David Raso downgraded the stock from Outperform to In-Line and cut the price target from $456 to $424 on Sept. 19, 2023. This analyst has an accuracy rate of 77%.
• Deutsche Bank analyst Nicole Deblase maintained a Hold rating and increased the price target from $398 to $407 on Aug. 21, 2023. This analyst has an accuracy rate of 79%.
• Stifel analyst Stanley Elliott maintained a Buy rating and lowered the price target from $493 to $460 on Aug. 21, 2023. This analyst has an accuracy rate of 78%.
• UBS analyst Steven Fisher maintained a Neutral rating and raised the price target from $383 to $408 on Aug. 21, 2023. This analyst has an accuracy rate of 74%.

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