Deere Earnings Are Imminent; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

Deere & Company DE is set to release earnings results for its third quarter, before the opening bell on Aug. 15, 2024.

Analysts expect the Moline, Illinois-based company to report quarterly earnings at $5.69 per share, down from $10.2 per share in the year-ago period. Deere is expected to report quarterly revenue of $10.93 billion for the quarter, according to data from Benzinga Pro.

On May 16, Deere reported second-quarter 2024 results and lowered its net income 2024 outlook. The company's net sales and revenue declined 12% year-over-year to $15.235 billion, beating the consensus of $13.281 billion.

Deere shares gained 0.2% to close at $351.28 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 cut the price target from $375 to $360 on Aug. 13. This analyst has an accuracy rate of 70%.
• Deutsche Bank analyst Nicole Deblase maintained a Hold rating and cut the price target from $402 to $389 on Aug. 8. This analyst has an accuracy rate of 80%.
• Truist Securities analyst Jamie Cook maintained a Buy rating and slashed the price target from $460 to $439 on July 2. This analyst has an accuracy rate of 70%.
• TD Cowen analyst Matt Elkott maintained a Hold rating and increased the price target from $383 to $390 on May 17. This analyst has an accuracy rate of 76%.
• Stifel analyst Stanley Elliott maintained a Buy rating and boosted the price target from $425 to $450 on May 17. This analyst has an accuracy rate of 71%.

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

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