Deere & Company (DE) Q4 Fiscal 2024 Earnings Preview

• Analysts predict an earnings per share (EPS) of $3.89 and revenue of approximately $9.37 billion for Deere & Company's fourth-quarter fiscal 2024.
• The Zacks Consensus Estimate for Deere's earnings has decreased by 2% over the past 60 days, now at $3.90 per share, a significant 52.8% drop from the previous year.
• Deere's financial metrics include a price-to-earnings (P/E) ratio of approximately 13.35 and a debt-to-equity ratio of about 2.85.

Deere & Company, listed on the NYSE as DE, is a leading manufacturer of agricultural, construction, and forestry machinery. As the company prepares to release its fourth-quarter fiscal 2024 earnings on November 21, 2024, investors are keenly observing the anticipated figures. Analysts predict an earnings per share (EPS) of $3.89 and revenue of approximately $9.37 billion.

Zacks Investment Research highlights that Deere's earnings might be affected by reduced demand and volumes. However, favorable price realization could partially offset these challenges. The Zacks Consensus Estimate for Deere's earnings has decreased by 2% over the past 60 days, now at $3.90 per share, a significant 52.8% drop from the previous year. Revenue is projected at $9.3 billion, marking a 32.3% year-over-year decline.

Despite Deere's history of surpassing earnings expectations with an average surprise of 11.8% over the last four quarters, the current model does not strongly predict an earnings beat for this quarter. Investors are closely monitoring how Deere's actual results will compare to these estimates, as this could significantly impact the company's stock price.

Deere's financial metrics provide additional context for investors. The company has a price-to-earnings (P/E) ratio of approximately 13.35, indicating the price investors are willing to pay for each dollar of earnings. The price-to-sales ratio is about 2.03, suggesting that investors are paying a little over two dollars for every dollar of sales.

The enterprise value to sales ratio stands at around 3.12, reflecting the company's total valuation relative to its sales. Deere's enterprise value to operating cash flow ratio is approximately 17.15, showing how the company's valuation compares to its cash flow from operations. The debt-to-equity ratio is about 2.85, highlighting the company's use of debt financing relative to its equity. Lastly, the current ratio is about 1.67, indicating the company's ability to cover its short-term liabilities with its short-term assets.