Deere & Co.

NYSE:DE   3:22:47 PM EDT
356.35
-3.42 (-0.95%)
Other Pre-Announcement

Deere Raises FY Earnings Forecast To Range Of $5.7 Bln To $5.9 Bln

Published: 08/20/2021 10:27 GMT
Deere & Co. (DE) - Full-year Earnings Forecast Raised to Range of $5.7 to $5.9 Billion, Reflecting Robust Market Conditions.
Qtrly Earnings per Share $5.32.
Qtrly Net Sales and Revenues $11,527 Million Versus $8,925 Million.
Looking Ahead, We Expect Demand for Farm and Construction Equipment to Continue Benefiting From Favorable Fundamentals.
Sees 2021 Production & Precision Ag Net Sales Up 25 to 30%.
Sees 2021 Small Ag & Turf Net Sales Up About 25%.
Sees FY Equipment Operations Net Operating Cash Flow $5.8 Billion - $6 Billion.
Sees 2021 Construction & Forestry Net Sales Up About 30%.
Sees FY Equipment Operations Capex About $900 Million.
Qtrly Small Agriculture & Turf Net Sales $3,147 Million Versus $2,383 Million.
Qtrly Construction & Forestry Net Sales $3,016 Million Versus $2,187 Million.
Small Agriculture and Turf Sales for Quarter Increased Due to Higher Shipment Volumes and Price Realization.
Q3 Earnings per Share View $4.58, Revenue View $10.30 Billion -- Refinitiv Ibes Data (analyst estimates).