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Tuesday, May 15, 2012

Deere & Co (DE) earning estimates report may 16 2012

Deere & Co (DE) earning estimates report may 16 2012 : Wall Street is expecting higher profit for Deere & Co (DE) when the company reports its second quarter results on Wednesday, May 16, 2012. The consensus estimate is calling for profit of $2.54 a share, a rise from $2.12 per share a year ago.

What to Expect:
The consensus estimate is has risen from three months ago when it was $2.53. It hasn’t been adjusted since. For the fiscal year, analysts are expecting earnings of $8 per share.

Revenue is projected to eclipse the year-earlier total of $8.44 billion by 14.9%, finishing at $9.7 billion for the quarter. For the year, revenue is projected to roll in at $34.07 billion.

Trends to Watch For:

The company has seen double-digit year-over-year revenue growth for the past four quarters. Over that span, the company has averaged growth of 23.3%, with the biggest boost coming in the second quarter of the last fiscal year when revenue rose 28.9% from the year earlier quarter.

The company’s net income has been growing for three straight quarters. In the first quarter, net income rose 3.7% while it rose 46.4% in the fourth quarter of the last fiscal year and 15.4% in the third quarter of the last fiscal year.

Analyst Ratings:

The majority of analysts think investors should stand pat on Deere, with nine of 17 analysts rating it hold. Analyst sentiment has improved recently, as the number of buy ratings has risen slightly over the past three months.

Competitors:

Deere & Company provides products and services for various outdoor markets, including agriculture, forestry, construction, lawn and turf care, landscaping and irrigation. One of Deere’s main competitors in the machinery industry is Caterpillar (CAT). Other competitors in the industrials sector include: AGCO (AGCO), Art’s-Way Manufacturing (ARTW), and Lindsay (LNN).

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