Deere forecasts annual profit below estimates as farm equipment demand slumps [Globe and Mail, The (Toronto, Canada)]
Deere & Company (DE)
Last deere & company earnings: 2/21 06:45 am
Check Earnings Report
US:NYSE Investor Relations:
investor.deere.com/home/default.aspx
Company Research
Source: Globe and Mail, The
Deere & Co DE-N increase forecast lower-than-expected 2025 profit on Thursday, as sagging farm incomes and inflationary pressures affect demand for the company's tractors and other agricultural equipment. A decline in farm incomes, high interest rates and an uncertain economy have compelled farmers to reassess large expenses on agricultural machinery and forced dealers to limit inventory restocking. U.S. farm income is expected to fall for a second consecutive year in 2024, as farmers grapple with corn and soybean prices hovering near four-year lows. The U.S. Department of Agriculture estimates this year's net farm income, a broad measure of profitability in the agricultural economy, to hit $140-billion, down 4.4 per cent or $6.5-billion from a year earlier. “Amid significant market challenges this year, we pro-actively adjusted our business operations to better align with the current environment,” CEO John May said. The world's largest farm-equipment maker expects profit
Show less
Read more
Impact Snapshot
Event Time:
DE
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
DE alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
DE alerts
High impacting Deere & Company news events
Weekly update
A roundup of the hottest topics
DE
News
- Deere releases 4th quarter earnings report [Yahoo! Finance]Yahoo! Finance
- Deere (DE) Q4 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Deere Q4 Earnings Top Estimates, Sales Fall Y/Y on Low Volumes [Yahoo! Finance]Yahoo! Finance
- Deere: Sell It On Q4 Earnings Bounce, Buy It Back Later [Seeking Alpha]Seeking Alpha
- Deere (DE) Reports Q4 Earnings: What Key Metrics Have to Say [Yahoo! Finance]Yahoo! Finance
DE
Earnings
- 11/21/24 - Beat
DE
Sec Filings
- 11/21/24 - Form 8-K
- 11/4/24 - Form 4
- 11/4/24 - Form 3
- DE's page on the SEC website