Deere & Company 1Q 2021 earnings preview
$Deere & Co(DE.US)$ manufactures and distributes a range of agricultural, construction, forestry, and commercial and consumer equipment. The Company supplies replacement parts for its own products and for those of other manufacturers.
Improving ag-equipment demand amid higher crop prices and strengthening farm fundamentals may drive better-than-expected fiscal 1Q earnings at Deere. Consensus for an 11% sales increase and a 28% EPS gain to $2.09 in the seasonally slower period may prove conservative. Peers CNH and AGCO soundly beat expectations and cited strong orders, which may suggest similar strength at Deere. Supply-chain disruptions and rising material costs remain risks, yet higher volume could still support sales and margins at the high-end of Deere's 2021 outlook.
-Christopher Ciolino & Karen Ubelhart, Bloomberg analysts
Click here to check out: Earnings Calendar for February.
Source: Bloomberg
Editor: Zoe