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Friday, May 20, 2022 9:47:48 AM
FY2Q22 PR:
https://s22.q4cdn.com/253594569/files/doc_financials/2022/q2/DE-2Q22-News-Release-and-Financials.pdf
CC slides:
https://s22.q4cdn.com/253594569/files/doc_financials/2022/q2/DE-2Q22-Earnings-Call-Presentation.pdf
New FY2022 GAAP EPS guidance is $22.73-24.03 (based on 308M diluted shares), up from the prior guidance of $21.30-22.60 three months ago and up further from the prior guidance $20.70-22.30 six months ago.
DE’s FY2022 GAAP guidance includes a $220M ($0.71/sh) non-recurring gain in FY2Q22; without the non-recurring item, FY2022 EPS guidance would be $22.02-23.32. At the current share price (~$337), the above EPS range represents a FY2022 P/E ratio of 14.5-15.3.
Despite all of the above, the stock is down ~7% as I’m typing. Some investors may think that FY022 represents the top of the cycle and that things can’t get any better.
*DE’s fiscal year ends on Oct 31.
“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
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Recent DE News
- Kellye Walker Joins Deere & Company as Senior Vice President, Chief Legal Officer and Worldwide Public Affairs • PR Newswire (Canada) • 03/25/2024 02:00:00 PM
- Kellye Walker Joins Deere & Company as Senior Vice President, Chief Legal Officer and Worldwide Public Affairs • PR Newswire (US) • 03/25/2024 02:00:00 PM
- The John Deere Foundation Commits Nearly $4 Million in Grants to the National FFA Organization (FFA) • PR Newswire (US) • 03/21/2024 01:00:00 PM
- The John Deere Foundation Commits Nearly $4 Million in Grants to the National FFA Organization (FFA) • PR Newswire (Canada) • 03/21/2024 01:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/07/2024 05:26:52 PM
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- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/07/2024 04:52:51 PM
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- Deere Recognized as One of the 2024 World's Most Ethical Companies® • PR Newswire (Canada) • 03/04/2024 02:00:00 PM
- Deere Recognized as One of the 2024 World's Most Ethical Companies® • PR Newswire (US) • 03/04/2024 02:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 03/01/2024 04:31:18 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 02/29/2024 06:31:35 PM
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- Deere & Company Announces Quarterly Dividend • PR Newswire (US) • 02/28/2024 04:31:00 PM
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