Uploaded by FinancialNewsOnline on Nov 23, 2011
Deere & Company (NYSE:DE) reported Q4 earnings before the markets opened today, posting an EPS of $1.62, topping analyst estimates for $1.43 per share. Revenue rose 20% year over year to $8.6 billion, also beating the average consensus estimate for $7.87 billion.
Samuel R. Allen, chairman and chief executive officer said, "John Deere has completed another year of exceptional achievement. Our success reflects a continued pattern of strong customer response to our innovative lines of equipment coupled with the skillful execution of business plans aimed at expanding our global competitive position. John Deere's record performance is a further tribute to our operating model, which stresses rigorous cost management and asset efficiency. As a result, we are achieving unprecedented financial results and generating healthy levels of cash flow."
Deere (NYSE:DE) has potential upside of 21.1% based on a current price of $71.92 and an average consensus analyst price target of $87.07.
Samuel R. Allen, chairman and chief executive officer said, "John Deere has completed another year of exceptional achievement. Our success reflects a continued pattern of strong customer response to our innovative lines of equipment coupled with the skillful execution of business plans aimed at expanding our global competitive position. John Deere's record performance is a further tribute to our operating model, which stresses rigorous cost management and asset efficiency. As a result, we are achieving unprecedented financial results and generating healthy levels of cash flow."
Deere (NYSE:DE) has potential upside of 21.1% based on a current price of $71.92 and an average consensus analyst price target of $87.07.
No comments:
Post a Comment