Published on 11 Apr 2024 on Zacks via Yahoo Finance
Deere (DE) Rises But Trails Market: What Investors Should Know
In the latest trading session, Deere (DE) closed at $412.84, marking a +0.21% move from the previous day. This move lagged the S&P 500's daily gain of 0.74%. Elsewhere, the Dow lost 0.01%, while the tech-heavy Nasdaq added 1.68%.
Shares of the agricultural equipment manufacturer witnessed a gain of 8.74% over the previous month, beating the performance of the Industrial Products sector with its gain of 3.51% and the S&P 500's gain of 0.8%.
Investors will be eagerly watching for the performance of Deere in its upcoming earnings disclosure. In that report, analysts expect Deere to post earnings of $7.82 per share. This would mark a year-over-year decline of 18.96%. Meanwhile, the latest consensus estimate predicts the revenue to be $13.21 billion, indicating a 17.83% decrease compared to the same quarter of the previous year.