Deere and Co (DE)

[DewDiligence]

DE already reported quarterly earnings on Aug 21.

[TFMG]

$DE | #DEERE Riding High into Earnings



Potential upside targets $200 - $202- $211
Expectations high and any disappointment could see the $175 level tested as support
Stock is starting to show some weakness on the indicators.
Wait and see approach on this one.

[whytestocks]

News; $DE Stocks Extend Gains, Dow Screams Higher

Stocks rose on Friday, lifted by strong U.S. economic data, to end a week that saw the broader market reach a record level. The Dow Jones Industrials leaped 190.6 points to close Friday and the week at 27,930.33. The S&P 500 strengthened 11.65 points at 3,397.16, yet another all-...

Read the whole news DE - Stocks Extend Gains, Dow Screams Higher

[whytestocks]

News; $DE Deere Reports Third Quarter Net Income of $811 Million

Deere Reports Third Quarter Net Income of $811 Million Canada NewsWire MOLINE, Ill., Aug. 21, 2020 Operating margins reach 14.6% helped by strong execution in face of global pandemic. Yearly net income forecast increased to about $2.25 billion. New operating model ...

Find out more DE - Deere Reports Third Quarter Net Income of $811 Million

[DewDiligence]

DE FY3Q20 results—raises FY2020 guidance substantially:

PR:
https://s22.q4cdn.com/253594569/files/doc_financials/2020/q3/3Q_2020_News-Release-and-Financials.pdf

CC slides:
https://s22.q4cdn.com/253594569/files/doc_financials/2020/q3/3Q_2020_Earnings-Call-Presentation.pdf

DE raised FY2020 GAAP EPS guidance to $7.12* from the prior guidance range of $5.06-6.33 given three months ago, when the fallout from COVID-19 was hard to quantify. (The new FY2020 guidance is still less than the original FY2020 guidance of $9.18 given in Nov 2019 and the $10.13 achieved in FY2019.)

As I’m typing, the stock is +5% to an all-time high.

*Based on 316M diluted shares.

[DewDiligence]

DE FY2Q20 items…

PR:
https://www.deere.com/assets/pdfs/common/our-company/news/deere-2q20-news-release.pdf

CC slides:
https://s22.q4cdn.com/253594569/files/doc_financials/2020/q2/2Q_2020_Earnings-Call-Presentation.pdf FY2Q20

FY2Q20 sales were -18% YoY in the ag segment (73% of equipment sales) and -25% YoY in the construction segment (27% of equipment sales), but these results were somewhat better than consensus estimates.

DE’s reinstated guidance for the full fiscal year (ending 10/31/20) is sharply down from the original guidance that was issued in Nov 2019 and then retracted due to COVID-19. Specifically, the new FY2020 guidance calls for $1.6-2.0B of net income (EPS of $5.05-6.31, based on 317M diluted shares), down from the $2.9B guidance given in Nov 2019 and the $3.2B net income actually achieved in FY2019.

The stock is +1% as I’m typing.

[DewDiligence]

DE FY2Q20 items…

PR:
https://www.deere.com/en/our-company/news-and-announcements/news-releases/2020/corporate/second-quarter-earnings/

CC slides:
https://s22.q4cdn.com/253594569/files/doc_financials/2020/q2/2Q_2020_Earnings-Call-Presentation.pdf


DE’s YoY sales fell 22% in the ag segment and 25% in the construction segment, but these results were somewhat better than consensus estimates.

DE’s reinstated guidance for the full fiscal year (ending 10/31/20) is sharply down from the original guidance that was issued in Nov 2019 and then retracted due to COVID-19. Specifically, the new FY2020 guidance calls for $1.8B of net income, down from the $2.9B guidance given in Nov 2019 and the $3.2B net income actually achieved in FY2019.

The stock is +4% in PM trading.

[DewDiligence]

DE was the best-performing stock in the S&P 500 today.

[DewDiligence]

DE—(+7%)—FY1Q20 results better than investors feared—see my comments at bottom...

PR:
https://www.deere.com/en/our-company/news-and-announcements/news-releases/2020/corporate/first-quarter-earnings/

CC slides:
https://s22.q4cdn.com/253594569/files/doc_financials/2020/q1/1Q_2020_Earnings-Call-Presentation.pdf

Bloomberg:
https://finance.yahoo.com/news/deere-reports-first-quarter-income-114500584.html

“Farmer confidence, though still subdued, has improved due in part to hopes for a relaxation of trade tensions and higher agricultural exports,” Chief Executive Officer John May said in a statement accompanying its fiscal first quarter results.

While the CEO didn’t mention the coronavirus in the statement, his comments may help ease concerns about how much the outbreak will delay China’s return to U.S. agricultural markets as laid out in the phase one trade deal. The tit-for-tat tariff spat with China made American farmers cautious on replacing large equipment, Deere’s top moneymaker.

…Deere maintained its fiscal 2020 [profit] guidance, forecasting a range of $2.7 billion to $3.1 billion.

DE’s PR says that business in the Construction Division, which comprises about 1/3 of corporate sales, how slowed somewhat. Nevertheless, business in the Construction Division can’t be really bad or DE would’ve lowered FY2020 guidance or at least guided toward the low end of the $2.7-3.1B range. Given my expectation for how Covid-19 would affect the global construction industry, I’m surprised that DE maintained prior guidance.

The (unchanged) FY2020 profit guidance equates to GAAP EPS of $8.57-9.84, an unusually wide range due to market uncertainties. This EPS range is [-14% to -1%] YOY on a comparable-tax basis, as explained in https://investorshub.advfn.com/boards/read_msg.aspx?message_id=152509594 .

[DewDiligence]

DE—(+7%)—FY1Q20 results better than investors feared—see my comments at bottom...

PR:
https://www.deere.com/en/our-company/news-and-announcements/news-releases/2020/corporate/first-quarter-earnings/

CC slides:
https://s22.q4cdn.com/253594569/files/doc_financials/2020/q1/1Q_2020_Earnings-Call-Presentation.pdf

Bloomberg:
https://finance.yahoo.com/news/deere-reports-first-quarter-income-114500584.html

“Farmer confidence, though still subdued, has improved due in part to hopes for a relaxation of trade tensions and higher agricultural exports,” Chief Executive Officer John May said in a statement accompanying its fiscal first quarter results.

While the CEO didn’t mention the coronavirus in the statement, his comments may help ease concerns about how much the outbreak will delay China’s return to U.S. agricultural markets as laid out in the phase one trade deal. The tit-for-tat tariff spat with China made American farmers cautious on replacing large equipment, Deere’s top moneymaker.

…Deere maintained its fiscal 2020 [profit] guidance, forecasting a range of $2.7 billion to $3.1 billion.

DE’s PR says that business in the Construction Division, which comprises about 1/3 of corporate sales, how slowed somewhat. Nevertheless, business in the Construction Division can’t be really[/] bad or DE would’ve lowered FY2020 guidance or at least guided toward the low end of the $2.7-3.1B range. Given my expectation for how Covid-19 would affect the global construction industry, I’m surprised that DE maintained prior guidance.

The (unchanged) FY2020 profit guidance equates to GAAP EPS of $8.57-9.84, an unusually wide range due to market uncertainties. This EPS range is [-14% to -1%] YOY on a comparable-tax basis, as explained in https://investorshub.advfn.com/boards/read_msg.aspx?message_id=152509594 .

[DewDiligence]

DE—(+7%)—FY1Q20 results better than investors feared—see my comments at bottom...

PR:
https://www.deere.com/en/our-company/news-and-announcements/news-releases/2020/corporate/first-quarter-earnings/

CC slides:
https://s22.q4cdn.com/253594569/files/doc_financials/2020/q1/1Q_2020_Earnings-Call-Presentation.pdf

Bloomberg:
https://finance.yahoo.com/news/deere-reports-first-quarter-income-114500584.html

“Farmer confidence, though still subdued, has improved due in part to hopes for a relaxation of trade tensions and higher agricultural exports,” Chief Executive Officer John May said in a statement accompanying its fiscal first quarter results.

While the CEO didn’t mention the coronavirus in the statement, his comments may help ease concerns about how much the outbreak will delay China’s return to U.S. agricultural markets as laid out in the phase one trade deal. The tit-for-tat tariff spat with China made American farmers cautious on replacing large equipment, Deere’s top moneymaker.

…Deere maintained its fiscal 2020 [profit] guidance, forecasting a range of $2.7 billion to $3.1 billion.

So, DE’s agriculture business is doing ok, but I thought Covid-19 would cause DE to lower guidance in its Construction Division, which comprises about 1/3 of corporate sales. I don’t understand why that didn’t happen.

The (unchanged) FY2020 profit guidance equates to GAAP EPS of $8.57-9.84, an unusually wide range due to market uncertainties. This EPS range is [-14% to -1%] YOY on a comparable-tax basis, as explained in https://investorshub.advfn.com/boards/read_msg.aspx?message_id=152509594 .

[DewDiligence]

DE -4%/PM on soft FY2020* outlook…

FY4Q19 PR:
https://s22.q4cdn.com/253594569/files/doc_financials/2019/q4/4Q_2019_News-Release-and-Financials.pdf

FY4Q19 CC slides:
https://s22.q4cdn.com/253594569/files/doc_financials/2019/q4/4Q_2019_Earnings-Call-Presentation.pdf

FY2019 full-year GAAP EPS was $10.15, slightly beating the (twice-lowered) guidance of $10.00 (#msg-150576031). In FY4Q19, agriculture-equipment comprised 66% of DE’s product sales, and construction/forestry equipment comprised 34%. (DE’s wholly-owned finance subsidiary is not consolidated for reporting sales.)

FY2020 guidance is for GAAP earnings of $2.7-3.1B, which equates to an (unusually wide) EPS range of $8.57-9.84 (based on 315 million diluted shares). This range is -16% to -3% relative to FY2019 GAAP EPS.

p.s. DE recently took advantage of ultra-low interest rates by raising $500M in 30-year debt at a rate of 2.875% (#msg-150925290)!

*Ending 10/31/20.

[giveit2me]

https://www.dailymail.co.uk/news/article-7592485/Father-eight-invents-electric-car-battery-drivers-1-500-miles-without-charging-it.html

https://beta.companieshouse.gov.uk/company/12219849/filing-history

https://www.metalectrique.com/

[TREND1]

DE CHART

[TREND1]

TRUMP says ag to china is going from 16 B to 50 B

[TREND1]

Market Cap = $ 52.84B

[TREND1]

EPS = 7.21

[TREND1]

DE

http://www.stockcharts.com/def/servlet/Favorites.CServlet?obj=1401935,15&cmd=show&disp=e

[DewDiligence]

What does that have to do with Deere?

[Kiddanger]

Does anyone know if there's an online service where I can purchase some shares of DEQI?

[DewDiligence]

DE FY3Q19 results and FY2019 outlook: #msg-150576031.

[TFMG]

$DE Bearish earnings report, profits down, outlook downbeat.

Things are not going to get any better for DE, the meeting with Trump and Xi can not come quick enough for them. Sales have declined and the outlook looks bleak, uncertainly has also crippled the stock of most heavy machinery and industrial equipment makers since the trade war began. China is for sure a massive concern for investors but also the impact on its USA agricultural market. Farmer have reduced spending significantly and that has no signs of changing. Add to this the Dollar strength and worries of worldwide growth, investors loyalty will be tested in they weeks to come.

[DewDiligence]

DE FY2Q19 addendum: #msg-148885017.

[DewDiligence]

DE -7% on trade-related cut in FY2019 guidance…

FY2Q19 PR:
https://s22.q4cdn.com/253594569/files/doc_financials/2019/Q2/2Q_2019_News-Release-and-Financials.pdf

FY2Q19 CC slides:
https://s22.q4cdn.com/253594569/files/doc_financials/2019/Q2/2Q_2019_Earnings-Call-Presentation.pdf

Full–year FY2019 profit guidance was lowered from $3.60B ($11.17*/sh) to $3.30B ($10.24*/sh).

The softness was—and will be—be mainly in DE’s ag-equipment segment rather than the construction segment.

DE has now had six consecutive quarters where it came in below guidance. However, even after today’s drop, DE remains about 7% above its 12-month low.

*Based on 322M diluted shares.

[DewDiligence]

DE FY1Q19 items…

PR:
https://finance.yahoo.com/news/deere-reports-first-quarter-income-114500788.html

CC slides:
https://s22.q4cdn.com/253594569/files/doc_financials/2019/Q1/DE-1Q19-Earnings-Call-Slides.pdf

Commentary:
https://finance.yahoo.com/news/higher-costs-trade-war-hurt-121344766.html

https://www.wsj.com/articles/deere-swings-to-profit-but-higher-costs-weigh-on-business-11550234521

[DewDiligence]

DE FY4Q18 PR and CC slides:

https://s22.q4cdn.com/253594569/files/doc_financials/2018/Q4/4Q_2018_News-Release-and-Financials.pdf

https://s22.q4cdn.com/253594569/files/doc_financials/2018/Q4/4Q_2018_Earnings-Call-Presentation.pdf

[DewDiligence]

DE FY3Q18 items…

PR:
https://s22.q4cdn.com/253594569/files/doc_financials/2018/Q3/3Q_2018_News-Release-and-Financials.pdf

CC slides:
https://s22.q4cdn.com/253594569/files/doc_financials/2018/Q3/3Q_2018_Earnings-Call-Presentation.pdf

[sokol]

The market is overvalued and overbought, and 2018's lower tax rates will provide the opportunity to take some profits. A correction is likely to begin next week.

[DewDiligence]

DE FY3Q17 CC slides:

https://s2.q4cdn.com/329009547/files/doc_financials/quarterly_earnings/2017/Q3-2017/3Q_2017_Earnings-Call-Presentation.pdf

[stocktrademan]

DE buy option 121.80

buy 26 MAY 17 117 call for 4.90









normal chart




log chart

[nowwhat2]

It's just not enuf to own brand new CAR......




Now we gots to have like a 4 acre lot :









Just to keep the woman happy.



.

[DewDiligence]

DE FY2Q17 CC slides:

https://s2.q4cdn.com/329009547/files/doc_financials/quarterly_earnings/2017/Q2-2017/2Q_2017_Earnings-Call-Information-Slides.pdf

[DewDiligence]

DE FY1Q17 CC slides:

https://s2.q4cdn.com/329009547/files/doc_financials/quarterly_earnings/2017/Q1-2017/1Q_2017_Earnings-Call-Information-Slides.pdf

[DewDiligence]

DE calls a bottom—now says FY2017* sales will increase 4% YoY (+3% YoY in ag division):

#msg-128839650

[Bernstein]

MEGA DEBT OF $37.3 BILLION/ REVENUE COLLAPSING BRUTAL =ONE OF THE BIGGEST PONZI SCHEME BUBBLE FRAUD OUT THERE..

they pumping this doomed scam just to attract new bagholders so the financial mafia and board members can dump their garbage to them dont fall for it .This Bankrupt Scam getting destroyed like VRX very soon because of its monster debt .

[DewDiligence]

FY4Q16 results &CC slides: #msg-126761000; musings on tax rate: #msg-126765273.

[TRUISM]

Go Deere!



Blessings to All

TRUTH

[ValueInvestor15]

Deere trading well above its fair value before reporting earnings tomorrow:

Fair Value

[DewDiligence]

USDoJ sues MON/DE re Precision Planting deal announced in Nov 2015 (#msg-118219274):

http://finance.yahoo.com/news/u-sues-stop-deere-buying-160721017.html

[DewDiligence]

DE’s FY3Q16 PR:

http://finance.yahoo.com/news/deere-announces-third-quarter-earnings-104500228.html

[DewDiligence]

DE has done an excellent job of squeezing out costs: #msg-124640081.

[DewDiligence]

DE FY3Q16 CC slides:

https://s2.q4cdn.com/329009547/files/doc_presentations/2016/Q3_2016_Conference-Call-Information-Slides.pdf

[DewDiligence]

USDA forecasts continued decline in farm income: #msg-124519182.

[RZN]

Ouch. Rough few days.

[RZN]

Needs a jump start to see 90s

[RZN]

Initial entry looking good here

[RZN]

Got my $80s. Thank you Brexit

[RZN]

Buy $80?

[RZN]

Getting close to $87 break

[jones99]

Though price down 5.7% for the week, don't shy to go short it will soon head $70s any pop is opportunity to sell short.