From Financial Modeling Prep: 2025-02-13 09:06:41

Deere & Company, a key player in farm equipment manufacturing, reported an EPS of $3.19, surpassing the estimated $3.11. Revenue for the quarter was $8.51 billion, exceeding the estimated $7.70 billion. Net income for the quarter was $869 million, a significant drop from the previous year’s $1.7 billion.

Despite challenges, Deere remains a significant force in the market, competing with industry giants like CNH Industrial and AGCO Corporation. The company’s EPS of $3.19 for the quarter surpassed estimates, but was lower than the previous year. Deere has consistently outperformed consensus EPS estimates over the past four quarters.

Deere’s revenue for the quarter was $8.51 billion, exceeding the estimated $7.70 billion. However, this fell short of the Zacks Consensus Estimate by 11.51%. The company’s actual revenue dropped significantly from the same period last year. Deere has managed to exceed consensus revenue estimates three times in the last four quarters.

The company’s net income for the first quarter was $869 million, a decrease from the previous year’s $1.7 billion. Deere’s worldwide net sales and revenues fell by 30% to $8.508 billion in the most recent quarter. Net sales specifically dropped to $6.809 billion from $10.486 billion in 2024.

Deere’s stock has declined following lower earnings and sales in core segments. The company is navigating a challenging demand environment, leading to decreased sales. CEO John C. May highlighted efforts to optimize inventory levels in response to uncertain market conditions.



Read more at Financial Modeling Prep:: Deere & Company’s Financial Performance Overvi…