Previous close | 16.55 |
Open | 16.55 |
Bid | 17.75 |
Ask | 18.95 |
Strike | 460.00 |
Expiry date | 2025-01-17 |
Day's range | 16.55 - 16.55 |
Contract range | N/A |
Volume | |
Open interest | 534 |
Deere (DE) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Falling crop prices are leaving agriculture equipment sellers with an excess of unsold tractors and combines. The slower equipment sales are a knock-on effect of corn and soy prices dropping to more than three-year lows as U.S. farm income plummets and equipment makers and dealers are forced to pivot quickly after a period of booming business. Reuters interviewed ten equipment dealers, mostly in the Midwest, as well as farmers and analysts, who said low crop prices combined with persistently high interest rates are deterring farmers from purchasing machinery.
Deere & Company (NYSE: DE) will hold its second quarter 2024 earnings call on Thursday, May 16, beginning at 9:00 a.m. central time. During the call, the company's financial and operating performance will be discussed with analysts, investors and other members of the financial community.