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Deere: Q2 Earnings Insights

Shares of Deere (NYSE:DE) decreased 0.4% in pre-market trading after the company reported Q2 results. Quarterly Results Earnings per share fell 40.06% over the past year to $2.11, which beat the estimate of $1.80.

Benzinga · 05/22/2020 11:16

Shares of Deere (NYSE:DE) decreased 0.4% in pre-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share fell 40.06% over the past year to $2.11, which beat the estimate of $1.80.

Revenue of $9,253,000,000 decreased by 18.42% year over year, which beat the estimate of $7,760,000,000.

Outlook

Deere hasn't issued any earnings guidance for the time being.

Revenue guidance hasn't been issued by the company for now.

Conference Call Details

Date: May 22, 2020

Time: 10:00 AM

ET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Finvestor.deere.com%2Fhome%2F&eventid=2158162&sessionid=1&key=A621773C7797B2E69DC1618928730AD8&regTag=&sourcepage=register

Recent Stock Performance

52-week high: $181.99

Company's 52-week low was at $106.14

Price action over last quarter: down 17.23%

Company Profile

Deere is the world's leading manufacturer of agricultural equipment with approximately $37 billion in annual revenue, including $3.6 billion from its financial services arm. The company is divided into two reportable segments: (1) agriculture and turf and (2) construction and forestry. Approximately 60% of Deere equipment is sold in North America and Canada. The principal products harvested by Deere equipment include grain, oilseeds, cotton, sugar, and biomass. In 2019, agriculture and turf made up approximately 68% of total revenue while construction and forestry generated 32%.