Deere Gears Up For Q4 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

Deere & Company DE will release earnings results for the fourth quarter, before the opening bell on Thursday, Nov. 21.

Analysts expect Deere to report quarterly earnings at $3.93 per share. That's down from $8.26 per share a year ago. The Moline, Illinois-based company projects to report quarterly revenue of $9.27 billion, compared to $13.8 billion a year earlier, according to data from Benzinga Pro.

On Aug. 15, Deere reported third-quarter results and reaffirmed its net income 2024 outlook. The company's net sales and revenue declined 17% year-over-year to $13.152 billion, beating the consensus of $10.944 billion.

Deere shares gained 1.2% to close at $404.96 on Wednesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.

• JP Morgan analyst Tami Zakaria maintained a Neutral rating and raised the price target from $360 to $420 on Oct. 11. This analyst has an accuracy rate of 72%.
• Citigroup analyst Kyle Menges maintained a Neutral rating and boosted the price target from $395 to $420 on Oct. 9. This analyst has an accuracy rate of 69%.
• Truist Securities analyst Jamie Cook maintained a Buy rating and increased the price target from $443 to $496 on Oct. 9. This analyst has an accuracy rate of 69%.
• Evercore ISI Group analyst David Raso maintained an In-Line rating and boosted the price target from $371 to $378 on Aug. 19. This analyst has an accuracy rate of 77%.
• B of A Securities analyst Ross Gilardi maintained a Neutral rating and increased the price target from $400 to $410 on Aug. 16. This analyst has an accuracy rate of 64%.

Considering buying DE stock? Here’s what analysts think:

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