Farm equipment maker Deere lifted its annual profit forecast after posting better-than-expected results in the fiscal first quarter.
The following is a list of earnings slated for release February 14-18, along with a few previews.
“Deere (DE) FY 4Q21 EPS of $4.12 vs. Cons of $3.98 and Jef at $3.35. Sales and margins were slightly below the street but beat our numbers (we recently cut to account for the strike, but most analysts had not). Higher other expense appears to account for the beat vs consensus, but DE weathered the strike with minimal impact. The mid-point of F22outlook of $6.75bn in Net Income (~$21.50-21.85 implied EPS depending on share repo) compares to Consensus of $21.65 in EPS,” noted Stephen Volkmann, equ