These Analysts Boost Their Forecasts On Deere Following Upbeat Earnings
These Analysts Boost Their Forecasts On Deere Following Upbeat Earnings
Deere & Co (NYSE:DE) reported better-than-expected third-quarter results and reaffirmed its net income 2024 outlook on Thursday.
迪爾股份（NYSE：DE）週四發佈了超預期的第三季度業績，並重申了2024年的淨利潤展望。
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.
該公司的淨銷售額和營業收入同比下降17％至131.52億美元，超出預期的109.44億美元。 Deere實現每股收益6.29美元，同比下降10.20美元，超出預期的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，該公司在多個地區啓動了強制性員工分離計劃，旨在簡化業務。這些計劃產生了1.24億美元的稅前費用，預計總費用將達到1.5億美元。
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.
迪爾公司重申了2024年7億美元的淨利潤預期。迪爾公司預計2024年生產和精準農業淨銷售額將下降約20% -25％，價格實現率爲+2％; 小型農業和草坪淨銷售額下降20％- 25％，價格實現率爲+2％; 建築和林業淨銷售額下降10％- 15％，而價格實現率僅爲+0.5％。該公司預計其金融服務淨收入爲7,200萬美元（全年）。
Deere shares gained 6.3% to close at $373.26 on Thursday.
週四，迪爾股票上漲6.3％，收於373.26美元。
These analysts made changes to their price targets on Deere following earnings announcement.
這些分析師在收益公告後對Deere的目標股價進行了調整。
- 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證券分析師Ross Gilardi保持對Deere的中立評級，並將價格目標從400美元升至410美元。
- 花旗集團分析師Kyle Menges保持對Deere的中立評級，並將價格目標從370美元升至395美元。
Considering buying DE stock? Here's what analysts think:
考慮購買DE股票嗎？以下是分析師的看法：
- Jim Cramer Recommends Buying Clorox: 'CEO Has Done Remarkable Job'
- 吉姆·克萊默推薦購買高樂氏：'CEO表現出色'