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Market Impact: 0.35

Deere (DE) Q2 Earnings and Revenues Beat Estimates

Corporate EarningsAnalyst EstimatesCompany Fundamentals

Deere reported quarterly EPS of $6.55, beating the Zacks Consensus Estimate of $5.81 by $0.74 per share, or about 12.7%. Earnings were slightly below the $6.64 per share posted a year ago, but the headline result is a clear beat versus expectations. The report is modestly positive for the stock and should be relevant primarily to Deere shares rather than the broader market.

Analysis

Deere reported quarterly EPS of $6.55, beating the Zacks Consensus Estimate of $5.81 by $0.74 per share, or about 12.7%. Earnings were slightly below the $6.64 per share posted a year ago, but the headline result is a clear beat versus expectations. The report is modestly positive for the stock and should be relevant primarily to Deere shares rather than the broader market.

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Market Sentiment

Overall Sentiment

moderately positive

Sentiment Score

0.35