Deere & Co. witnesses a sharp share decline, hitting its lowest levels in months, impacting investors.

Share Plunge


Bleak full-year earnings outlook for fiscal 2024, projecting a significant drop in business segment sales.

Earnings Foreca


Sales are anticipated to fall more than the industry average, influencing the overall earnings projection.

Sales Decline


Revised fiscal 2024 net income forecast at $7.75 billion to $8.25 billion, below expectations.

Net Income Update


A departure from the earlier outlook, with a return to mid-cycle levels affecting earnings.

Outlook Shift


Previous optimism regarding government spending on megaprojects no longer expected to benefit 2024 and 2025.

Government Spending Impact


A 6.8% premarket stock drop puts Deere & Co. on track for the lowest levels since June.

Stock Decline


Q4 net income increases to $2.37 billion, surpassing expectations, with an $8.26 earnings per share.

Robust Q4 Net Income


Despite a 0.8% sales dip, revenues reach $15.41 billion, exceeding the FactSet consensus.

Sales Performance


Varying segment results—Production and precision ag sales exceed forecasts, small ag and turf sales miss, while construction and forestry sales surpass expectations.

Segment Result


Anticipated 10% to 15% decline in fiscal 2024 for production and precision ag sales, and a 10% drop for construction and forestry.

Future Sales Projection


Deere's sales expectations differ from overall industry projections, shaping the company's unique outlook.

Industry Comparison