Deere & Company’s Stock Price Skyrockets to $437.54, Surging by an Impressive 8.05%

Deere & Company (DE)

437.54 USD +32.58 (+8.05%) Volume: 4.14M

Deere & Company’s stock price reached an impressive 437.54 USD, marking a significant increase of 8.05% in this trading session, with a robust trading volume of 4.14M. The company’s stock continues to show promising growth, boasting a year-to-date increase of 9.42%, making it a standout performer in the market.

Latest developments on Deere & Company

Deere & Co. (DE) reported better-than-expected earnings for Q4, with EPS at $4.55 and revenue hitting $11.143 billion, surpassing estimates. Despite a steep sales drop and margins squeeze, Deere’s profit beat expectations, causing shares to rise to a 52-week high of $420.77. The company’s net income for Q4 2024 was down 30%, with equipment sales also down 19%. Deere’s CEO highlighted US manufacturing and exports during the earnings call, but issued a cautious outlook for 2025 due to slumping farm equipment demand. Wall Street remains divided on Deere’s stock, with some analysts optimistic about the company’s future performance. Overall, Deere’s stock price movements today reflect a mix of positive earnings results and cautious guidance for the future.

Deere & Company on Smartkarma

Analysts on Smartkarma have been covering Deere & Co, a company in the agriculture and construction equipment industry. Value Investors Club highlighted Deere’s strong underlying business and growth potential, emphasizing its technological innovation and global presence. Despite cyclicality, Deere’s strategic positioning and focus on R&D make it an attractive option for long-term growth. On the other hand, Baptista Research pointed out challenges faced by Deere, including reduced demand in agricultural and construction sectors leading to a decline in net sales and revenues. Despite varied market conditions, Deere maintained a disciplined approach in managing inventory and costs.

A look at Deere & Company Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Deere & Co, a company that manufactures and distributes agricultural, construction, and forestry equipment, as well as provides financing services, has received mixed ratings in the Smartkarma Smart Scores. While the company scored well in Dividend, Growth, and Momentum, it received lower scores in Value and Resilience. This suggests that Deere & Co may have strong potential for growth and dividend payouts, but investors should be cautious of its value and resilience factors in the long term.

Overall, with a combination of high scores in Dividend, Growth, and Momentum, Deere & Co may be positioned for positive performance in the future. However, the lower scores in Value and Resilience indicate potential risks that investors should consider. As Deere & Co continues to expand its services and products globally, keeping an eye on these factors will be crucial for assessing the company’s long-term outlook.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.

💡 Before it’s here, it’s on Smartkarma