Published on 2 Aug 2022 on Zacks via Yahoo Finance
Deere (DE) Dips More Than Broader Markets: What You Should Know
Deere (DE) closed at $333.21 in the latest trading session, marking a -1.47% move from the prior day. This change lagged the S&P 500's 0.67% loss on the day. Elsewhere, the Dow lost 1.23%, while the tech-heavy Nasdaq lost 0.05%.
Coming into today, shares of the agricultural equipment manufacturer had gained 12.12% in the past month. In that same time, the Industrial Products sector gained 11.86%, while the S&P 500 gained 7.79%.
Deere will be looking to display strength as it nears its next earnings release, which is expected to be August 19, 2022. On that day, Deere is projected to report earnings of $6.60 per share, which would represent year-over-year growth of 24.06%. Our most recent consensus estimate is calling for quarterly revenue of $12.95 billion, up 24.35% from the year-ago period.