How Will Deere Stock Trend Following Q4 Earnings?

How Will Deere Stock Trend Following Q4 Earnings?

The John Deere company name is seen on the last day of CES 2019, on January 11, 2019 at the Las ... [+] Vegas Convention Center in Las Vegas, Nevada. - The enormous international gadget and consumer electronics show returns to Las Vegas on January 7, 2020. (Photo by Robyn Beck / AFP) (Photo credit should read ROBYN BECK/AFP via Getty Images) Deere & Company is scheduled to report its fiscal fourth-quarter results on Wednesday, November 24. We expect Deere to likely post revenues below, but earnings above, the consensus estimates. While a gradual opening up of the economies with a rise in vaccination rates has resulted in a sharp rebound in overall equipment demand over the recent quarters, a trend likely continued in Q3 as well, the company's overall performance may be weighed down by higher raw material costs and supply chain headwinds. That said, our forecast indicates that Deere's valuation is $434 per share, which is around 22% above the current market price of $357. Our interactive dashboard analysis on Deere's Pre-Earnings has additional details. Note that a month long strike by workers at Deere has come to an end just yesterday, with Deere agreeing to an increase