• Deere & Co DE.N reported quarterly adjusted earnings of $3.19​​ per share for the quarter ended January 31, lower than the same quarter last year, when the company reported EPS of $6.23. The mean expectation of eighteen analysts for the quarter was for earnings of $3.11 per share. Wall Street expected results to range from $2.81 to $3.31 per share.

• Revenue fell 35.1% to $6.81 billion from a year ago; analysts expected $7.70 billion.

• Deere & Co's reported EPS for the quarter was $3.19​.

• The company reported quarterly net income of $869 million.

• Deere & Co shares had risen by 12.5% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 24% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy," 12 "hold" and 1 "sell" or "strong sell."

• The average consensus recommendation for the heavy machinery & vehicles peer group is also "buy"

Wall Street's median 12-month price target for Deere & Co is $495.00

This summary was machine generated from LSEG data February 13 at 02:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)