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Nov 01, 2020
Deere Q4 2020 Earnings Report
Deere reported a rise in net income for Q4 2020, aided by strong execution and disciplined cost management.
Key Takeaways
Deere & Company reported net income of $757 million for the fourth quarter ended November 1, 2020, or $2.39 per share. Worldwide net sales and revenues decreased 2 percent, to $9.731 billion, for the fourth quarter of 2020.
Fourth-quarter net income rises 5% aided by strong execution and disciplined cost management.
Improving fundamentals in agricultural sector setting stage for stronger demand in year ahead.
Earnings for 2021 forecast to be $3.6 to $4.0 billion.
Deere expects to benefit from improving conditions in the farm economy and stabilization in construction and forestry markets.
Revenue by Segment
Forward Guidance
Net income attributable to Deere & Company for fiscal 2021 is forecast to be in a range of $3.6 billion to $4.0 billion.
Positive Outlook
- Deere expects to benefit from improving conditions in the farm economy
- Deere expects stabilization in construction and forestry markets
- Higher crop prices are leading to renewed optimism in the agricultural sector
- Improving fundamentals are improving demand for farm equipment
- Deere is looking forward to realizing the benefits of our smart industrial operating strategy
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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