Deere Gears Up For Q4 Print; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Deere & Company DE is projected to release financial results for its fourth quarter 2023, before the opening bell on Nov. 22, 2023.

Analysts expect the company to post quarterly earnings at $7.47 per share, versus year-ago earnings of $7.44 per share. The company’s revenue might come in at $13.69 billion for the latest quarter, compared to $14.35 billion in the year-earlier quarter, according to data from Benzinga Pro.

Deere, during August, reported better-than-expected earnings for its third quarter and raised its FY23 net income outlook.

Deere shares gained 0.6% to close at $382.65 on Tuesday.

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.

• Evercore ISI Group analyst David Raso downgraded the stock from Outperform to In-Line and cut the price target from $456 to $424 on Sept. 19, 2023. This analyst has an accuracy rate of 76%.
• Deutsche Bank analyst Nicole Deblase maintained a Hold rating and raised the price target from $398 to $407 on Aug. 21, 2023. This analyst has an accuracy rate of 80%.
• Stifel analyst Stanley Elliott maintained a Buy rating and slashed the price target from $493 to $460 on Aug. 21, 2023. This analyst has an accuracy rate of 75%.
• UBS analyst Steven Fisher maintained a Neutral rating and boosted the price target from $383 to $408 on Aug. 21, 2023. This analyst has an accuracy rate of 74%.
• JP Morgan analyst Tami Zakaria maintained a Neutral rating and cut the price target from $390 to $380 on Aug. 21, 2023. This analyst has an accuracy rate of 74%.

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