John Deere-Deere (DE) Surpasses Q1 Earnings Estimates

Group 1: Earnings Performance - Deere reported quarterly earnings of $3.19 per share, exceeding the Zacks Consensus Estimate of$ 3.13 per share, but down from $6.23 per share a year ago, representing an earnings surprise of 1.92% [1] - The company posted revenues of$ 6.81 billion for the quarter ended January 2025, missing the Zacks Consensus Estimate by 11.51%, compared to $10.49 billion in revenues a year ago [2] - Over the last four quarters, Deere has surpassed consensus EPS estimates four times and topped consensus revenue estimates three times [2] Group 2: Stock Performance and Outlook - Deere shares have increased approximately 12.5% since the beginning of the year, outperforming the S&P 500's gain of 2.9% [3] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The current consensus EPS estimate for the coming quarter is$ 5.72 on revenues of $10.96 billion, and for the current fiscal year, it is$ 19.34 on revenues of $38.69 billion [7] Group 3: Industry Context - The Manufacturing - Farm Equipment industry, to which Deere belongs, is currently ranked in the bottom 38% of over 250 Zacks industries, indicating potential challenges ahead [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact stock performance [5][6]