Deere & Company Reports Q2 Results Wednesday

| About: Deere & (DE)

Deere & Company (NYSE:DE) trades an average of 6.24 million shares per day, and has a market cap of $30.84 billion. Deere & Company provides products and services primarily for agriculture and forestry worldwide. The company was founded in 1837 and is based in Moline, Illinois.

Time Released: Before Opening Bell
Industry: Constr. & Agric. Machinery
Recent Price: $75.04
52-Week High: $99.80
52-Week Low: $60.45
Book Value: $17.69

On average, 13 analysts are expecting $1.68 per share, a drop of $-0.44 in earnings per share compared with last quarter's results of $2.12. Investors will be looking to top $1.75 per share, based on the estimated mean earnings. Analyst estimates range between $1.56 and $1.78 per share.

For the same fiscal period year-over-year, revenue has improved to $26.00 billion for 2010 vs. $23.11 billion for 2009. The bottom line has rising earnings year-over-year of $1865 billion for 2010 vs. $873.50 million for 2009. The company's earnings before income and taxes are rising with an EBIT year-over-year of $3.84 billion for 2010 vs. $2.38 billion for 2009.

Gross revenue is growing at an annual rate of 12.51%.

(Click charts to enlarge)


Gross reported revenue compared with the mean estimate (rounded).

Fiscal Quarter Ending Month-Year Revenue Estimates Actual $ Difference Difference %
Apr-11 $ 8.14 B $ 8.33 B $ 183.38 M 2.25%
Jan-11 $ 5.67 B $ 5.51 B $ -159.17 M -2.81%
Oct-10 $ 6.26 B $ 6.56 B $ 307.76 M 4.92%
Jul-10 $ 6.52 B $ 6.22 B $ -297.84 M -4.57%
Apr-10 $ 6.59 B $ 6.55 B $ -43.34 M -0.66%

M = millions, B = billions

Reported earnings per share compared with the mean estimate. Differences are rounded.

Fiscal Quarter Ending Month-Year Estimate Actual Difference Difference %
Apr-11 2.06 2.12 0.06 2.91%
Jan-11 0.99 1.20 0.21 21.21%
Oct-10 0.94 1.07 0.13 13.83%
Jul-10 1.24 1.44 0.20 16.13%
Apr-10 1.09 1.58 0.49 44.95%

(Some onetime items are often excluded in reported EPS)


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