Deere ( (DE) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Deere & Company’s stock took a hit after releasing its fiscal Q1 2025 earnings report. Despite beating Wall Street expectations with an EPS of $3.19 and revenue of $8.508 billion, the stock declined due to a sharp year-over-year drop in both metrics, primarily caused by decreased demand for farm equipment. The company’s forecast for fiscal 2025 anticipates further sales reductions in key areas, with Production & Precision Agriculture expected to fall by 15% to 20% and Construction & Forestry by 10% to 15%. Additional risks include potential U.S. import and retaliatory export tariffs. Nevertheless, CEO John May highlighted the company’s commitment to optimizing inventory and sustaining net income stability to support strategic investments. This blend of mixed performance and cautious outlook has prompted analysts to reassess DE stock, maintaining a moderate buy consensus with potential adjustments in light of recent earnings data.
More about Deere
YTD Price Performance: 13.96%
Average Trading Volume: 1,356,916
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $129.8B
For further insights into DE stock on TipRanks’ Stock Analysis page.
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