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Earnings preview for Friday (DE)

Moomoo News ·  Feb 18, 2021 21:58  · Earnings Preview

Deere & Company 1Q 2021 earnings preview

$Deere & Co(DE.US)$ manufactures and distributes a range of agricultural, construction, forestry, and commercial and consumer equipment. The Company supplies replacement parts for its own products and for those of other manufacturers.

Improving ag-equipment demand amid higher crop prices and strengthening farm fundamentals may drive better-than-expected fiscal 1Q earnings at Deere. Consensus for an 11% sales increase and a 28% EPS gain to $2.09 in the seasonally slower period may prove conservative. Peers CNH and AGCO soundly beat expectations and cited strong orders, which may suggest similar strength at Deere. Supply-chain disruptions and rising material costs remain risks, yet higher volume could still support sales and margins at the high-end of Deere's 2021 outlook. 

-Christopher Ciolino & Karen Ubelhart, Bloomberg analysts

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Click here to check out: Earnings Calendar for February.

Source: Bloomberg

Editor: Zoe


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