493.08
price up icon1.09%   5.32
pre-market  Pre-market:  493.23   0.15   +0.03%
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Why is Deere Co (DE) Stock down?

We've noticed a 6.76% decline in Deere Co (DE) stock during the 2025-08-14 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!
15 Feb, 2024:

Deere & Co. (DE) stock declined by 5.23% due to a disappointing full year 2024 outlook, despite exceeding Q4 earnings expectations. Here are the key details about the company's outlook:

  • Disappointing 2024 Outlook: Deere forecasted a net income range of $7.5 billion to $7.75 billion for the year 2024, falling short of the average estimate of $7.83 billion among Wall Street analysts. Chairman and CEO John C. May cited expectations for moderated fleet replenishment as agricultural fundamentals normalize from the record levels seen in 2022 and 2023.
  • Mixed Performance Across Segments: Deere's business segments showed varied performance, with production and precision agriculture sales declining by 7%, small agriculture and turf sales slumping by 19%, and construction and forestry sales falling by 9%. Despite beating the average estimate for Q1 earnings, the company reported a decline in net income to $1.75 billion, or $6.23 a share, from $1.96 billion, or $6.55 a share, in the previous year.
  • Industry Forecast for 2024: In 2024, the agriculture and turf industry in the United States and Canada is expected to decline by 10% to 15%, while the construction and forestry industry is forecasted to be flat to down by 5%.
22 Nov, 2023:

Shares of Deere & Co. (DE) dropped by 3.11% from $382.65 to $370.76 in the trading on Wednesday, November 22, 2023. The reason why DE is down today is due to a combination of factors related to the company's fiscal fourth-quarter earnings and future outlook. Deere reported fiscal Q4 earnings of $8.26 per share, surpassing Wall Street's expectations of $7.46 per share. While this may seem positive, the company's management projected net income for fiscal 2024 to be in the range of $7.75 billion to $8.25 billion, signifying a substantial decline from the nearly $10.2 billion earned in fiscal 2023. This projection of lower future earnings likely influenced investor sentiment, contributing to the stock's decline on the specified trading day.

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