Citi notes Deere (DE) reported fiscal Q4 adjusted EPS of $4.55, which was above the firm’s estimate of $3.75 and the consensus estimate of $3.87, driven by better-than-anticipated margins across all segments. Deere’s initial forecast for FY25 net income of $5B-$5.5B equates to EPS of about $19 at the midpoint, versus Citi at $20.35 and the consensus of $21.58, the analyst noted. The firm anticipates shares to react positively to the Q4 beat on solid margin performance, though it believes the FY25 guidance is “fairly in-line with investor expectations.” Citi has a Neutral rating and $410 price target on Deere shares.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on DE:
- Morgan Stanley sees ‘neutral to modestly positive stock reaction’ after Deere Q4
- Options Volatility and Implied Earnings Moves Today, November 21, 2024
- Deere sees FY25 Production and Precision Ag net sales down 15%
- Deere reports Q4 EPS $4.55, consensus $3.93
- Deere sees FY25 net income $5B-$5.5B
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
