Deere & Company (NYSE:DE) is reporting third quarter financial results on Friday 21st August 2020, before market open.
According to analysts surveyed by Thomson Reuters, DE is expected to report 3Q20 income of $ 1.24 per share from revenue of $ 6702.86 million.
For the full year, analysts anticipate top line of $ 28573.50 million, while looking forward to income of $ 6.31 per share bottom line.
Previous Quarter Performance
Deere & Company unwinded income for the second quarter of $ 2.11 per share, from the revenue of $ 9,253.00 million. The quarterly earnings declined 40.06 percent while revenues dropped 18.42 percent compared with the same quarter last year.
The consensus estimates are income of $ 1.80 per share from $ 7757.54 million in revenue. The bottom line results beat street analysts by $ 0.31 or 17.22 percent, at the same time, top line results outshined analysts by $ 1,495.46 million or 19.28 percent.
Stock Performance
The company has a market capital of $ 59.86 billion and is part of the Industrials sector and Farm & Construction Equipment industry.
Recent Stock Dividend Announcement
On May 27, 2020, the board of directors authorized quarterly dividend of $ 0.76 per share to holders of record as of the close of business on June 30, 2020, with payment date of August 10, 2020 and ex-dividend date on June 29, 2020.
Conference Call
Deere & Company will be hosting a conference call at 10:00 AM eastern time on 21st August 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.deere.com
Deere & Company manufactures and distributes various equipment worldwide. The company operates through three segments: Agriculture and Turf, Construction and Forestry, and Financial Services. The Agriculture and Turf segment offers agriculture and turf equipment, and related parts, including large, medium, and utility tractors; tractor loaders; combines, cotton pickers, cotton strippers, and sugarcane harvesters; harvesting front-end equipment; sugarcane loaders and pull-behind scrapers; and tillage, seeding, and application equipment.
