Replies to post #24077 on The Rising Influence of Rising Affluence

[DewDiligence]

DE addendum—New FY2021 profit guidance of $5.3-5.7B equates to GAAP EPS of $16.83-$18.10. (FY2021 ends on 10/31/21.)

[Fred Kadiddlehopper]

Nice trade!

[DewDiligence]

DE raises_FY2021_guidance_AGAIN—expects_profit_of_$5.7-5.9B—(up_from_$5.5B_3mo_ago,_$4.8B_6m_ago_and_ $3.8B_9mo_ago):

https://www.deere.com/assets/pdfs/common/our-company/news/deere-3q21-news-release.pdf

Based on 313M diluted shares, the $5.7-5.9B profit guidance translates into GAAP EPS of $18.21-18.85. At the current share price of $350, the EPS guidance equates to a P/E of 18-19x. (DE’s FY2021 ends 10/31/21.)

Despite everything above, the stock is down modestly today because investors figure things can’t get any better.

FY3Q21 CC slides:
https://s22.q4cdn.com/253594569/files/doc_financials/2021/q3/3Q_2021_Earnings-Call-Presentation.pdf