Deere & Company DEhas been witnessing upward revisions for the past 30 days. The Zacks Consensus Estimate has inched up 0.8% to $9.66 for fiscal 2018 and 1% to $11.54 for fiscal 2019. A positive trend in estimate revisions reflects investors’ optimism over the company’s bright prospects.
Deere also outpaced the Zacks Consensus Estimate in three out of the trailing four quarters, delivering a positive average earnings surprise of 4.
However, the agricultural equipment maker, with a market capitalization of approximately $51.5 billion, has been plagued with challenges in its agriculture business and elevated expenses.
Below, we briefly discuss the company’s potential growth drivers and possible headwinds.
Factors Favoring Deere