These Analysts Boost Their Forecasts On Deere Following Upbeat Earnings
These Analysts Boost Their Forecasts On Deere Following Upbeat Earnings
Deere reaffirmed its 2024 net income outlook of $7.00 billion. Deere expects 2024 Production & Precision Ag net sales to decline by ~20% -25% and price realization of +2%; Small Ag & Turf net sales to fall by 20%- 25% and price realization of +2%; and Construction & Forestry net sales to decrease by 10%- 15% and price realization of +0.5%. The company expects Financial services net income of $720 million for the fiscal.Deere & Co (NYSE:DE) reported better-than-expected third-quarter results and reaffirmed its net income 2024 outlook on Thursday.
迪尔股份（NYSE：DE）周四发布了超预期的第三季度财报，并重申了2024年的净利润展望。
The company's net sales and revenue declined 17% year-over-year to $13.152 billion, beating the consensus of $10.944 billion. Deere clocked an EPS of $6.29, down from $10.20 YoY, beating the consensus of $5.85.
该公司的净销售额和营业收入同比下降17％至131.52亿美元，超出预期的109.44亿美元。 Deere实现每股收益6.29美元，同比下降10.20美元，超出预期的5.85美元。
During the quarter, the company initiated involuntary employee-separation programs across several regions, aiming to streamline operations. The programs incurred $124 million in pretax expenses, with an estimated total of $150 million.
在本季度，该公司在多个地区启动了强制性员工分离计划，旨在简化业务。这些计划产生了1.24亿美元的税前费用，预计总费用将达到1.5亿美元。
Deere reaffirmed its 2024 net income outlook of $7.00 billion. Deere expects 2024 Production & Precision Ag net sales to decline by ~20% -25% and price realization of +2%; Small Ag & Turf net sales to fall by 20%- 25% and price realization of +2%; and Construction & Forestry net sales to decrease by 10%- 15% and price realization of +0.5%. The company expects Financial services net income of $720 million for the fiscal.
迪尔公司重申了2024年7亿美元的净利润预期。迪尔公司预计2024年生产和精准农业净销售额将下降约20% -25％，价格实现率为+2％; 小型农业和草坪净销售额下降20％- 25％，价格实现率为+2％; 建筑和林业净销售额下降10％- 15％，而价格实现率仅为+0.5％。该公司预计其金融服务净收入为7,200万美元（全年）。
Deere shares gained 6.3% to close at $373.26 on Thursday.
周四，迪尔股票上涨6.3％，收于373.26美元。
These analysts made changes to their price targets on Deere following earnings announcement.
这些分析师在收益公告后对Deere的目标股价进行了调整。
- B of A Securities analyst Ross Gilardi maintained Deere with a Neutral and raised the price target from $400 to $410.
- Citigroup analyst Kyle Menges maintained Deere with a Neutral and raised the price target from $370 to $395.
- B of A证券分析师Ross Gilardi保持对Deere的中立评级，并将价格目标从400美元升至410美元。
- 花旗集团分析师Kyle Menges保持对Deere的中立评级，并将价格目标从370美元升至395美元。
Considering buying DE stock? Here's what analysts think:
考虑购买DE股票吗？以下是分析师的看法：
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