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Величина текста A John Deere autonomous tractor. Љубазношћу Јохн Деере-а Залиха од agricultural-machinery џин Деере plummeted 14.1% Friday after the company пријавио better-than-expected fiscal-second-quarter results, and raised full-year guidance.The problem was Investors wanted more from the company, and Deere’s (ticker: DE) earnings included some one-time items, and some headwind from parts shortages. What’s more, full-year earnings guidance implied there would be an acceleration of sales and earnings in the back half of the fiscal year.It wasn’t a perfect quarter. Wall Street, however, doesn’t appear all that worried about results. “From a stock perspective, the selloff seems overdone to us,” wrote J.P. Morgan Tami Zakaria. She isn’t a bull, rating Deere shares at Hold with a $370 price target. Still, Zakaria noted elevated expectations going into the earnings report. Clients are asking her if the quarter was “an anomaly” or “a precursor of future earnings misses and guide-down.” She thinks it’s more likely the former.Пријава за билтен Тхе Баррон'с Даили Јутарњи брифинг о ономе што требате знати наредног дана, укључујући ексклузивне коментаре писаца Баррон'с и МаркетВатцх.Бернстеин аналитичар Chad Dillard also rates Deere stock at Hold with a $385 price target. He called the selloff a “tactical entry point…given clear path to 2H22 revenue ramp up.” 2H22 is short for the second half of fiscal 2022. Analysts use a lot of shorthand in research reports. “We would recommend a tactical long position following this pullback.” Dillard cites two reasons. He believes second-half guidance is achievable, and he believes fiscal 2022 isn’t the peak for Deere.About $1 billion of machines couldn’t be fully assembled, causing weaker-than-expected machine sales, wrote Baird analyst Mig Dobre in a Sunday report.That was a result of supply-chain problem hitting all manufacturers. “The negative stock reaction on the print reflects [supply] challenges but also the reversal of recent macro/Ukraine-driven inflows which we suspected wouldn’t be able to handle any supply chain/cost pressuring earnings.”Coming into the earnings report, since Russia invaded Ukraine, Deere stock had risen roughly 6% while the С&П КСНУМКС was down about 9% over the same span. Those are the inflows to Deere stock Dobre referenced.Dobre rates shares at Buy with a price target of $442. Deutsche Bank analyst Јамие Цоок also rates Deere shares at Buy, but with a price target of $472. She wrote the stock reaction reflected hopes for a cleaner beat-and-raise type quarter, but says the setup for fiscal 2023 looks good. Cook cited strong orders for agricultural equipment in North and South America, as well as Europe. “Furthermore there is no quick fix to resolve the Russia/Ukraine war supporting higher commodity prices with an aged fleet,” wrote Cook in a Monday report.Overall, 56% of analysts covering Deere stock rate shares at Buy. That’s about par, as the srednja vrednost Buy-rating ratio for the S&P 500 is about 58%. The average analyst цена цена for Deere shares is about $408, implying gains of about 30% based on Friday’s closing price of $313.31 a share. Deere stock is up a little in premarket trading Monday. S&P 500 and Дов Јонес Индустриал Авераге фјучерси су порасли за око 0.9%, односно 1%.Пишите Ал Роот-у на [емаил заштићен]
Љубазношћу Јохн Деере-а
Залиха од agricultural-machinery џин
Деере plummeted 14.1% Friday after the company пријавио better-than-expected fiscal-second-quarter results, and raised full-year guidance.
The problem was Investors wanted more from the company, and Deere’s (ticker: DE) earnings included some one-time items, and some headwind from parts shortages. What’s more, full-year earnings guidance implied there would be an acceleration of sales and earnings in the back half of the fiscal year.
It wasn’t a perfect quarter. Wall Street, however, doesn’t appear all that worried about results.
“From a stock perspective, the selloff seems overdone to us,” wrote J.P. Morgan Tami Zakaria. She isn’t a bull, rating Deere shares at Hold with a $370 price target. Still, Zakaria noted elevated expectations going into the earnings report. Clients are asking her if the quarter was “an anomaly” or “a precursor of future earnings misses and guide-down.” She thinks it’s more likely the former.
Јутарњи брифинг о ономе што требате знати наредног дана, укључујући ексклузивне коментаре писаца Баррон'с и МаркетВатцх.
Бернстеин аналитичар Chad Dillard also rates Deere stock at Hold with a $385 price target. He called the selloff a “tactical entry point…given clear path to 2H22 revenue ramp up.” 2H22 is short for the second half of fiscal 2022. Analysts use a lot of shorthand in research reports. “We would recommend a tactical long position following this pullback.” Dillard cites two reasons. He believes second-half guidance is achievable, and he believes fiscal 2022 isn’t the peak for Deere.
About $1 billion of machines couldn’t be fully assembled, causing weaker-than-expected machine sales, wrote Baird analyst Mig Dobre in a Sunday report.That was a result of supply-chain problem hitting all manufacturers. “The negative stock reaction on the print reflects [supply] challenges but also the reversal of recent macro/Ukraine-driven inflows which we suspected wouldn’t be able to handle any supply chain/cost pressuring earnings.”
Coming into the earnings report, since Russia invaded Ukraine, Deere stock had risen roughly 6% while the
С&П КСНУМКС was down about 9% over the same span. Those are the inflows to Deere stock Dobre referenced.
Dobre rates shares at Buy with a price target of $442. Deutsche Bank analyst Јамие Цоок also rates Deere shares at Buy, but with a price target of $472. She wrote the stock reaction reflected hopes for a cleaner beat-and-raise type quarter, but says the setup for fiscal 2023 looks good. Cook cited strong orders for agricultural equipment in North and South America, as well as Europe. “Furthermore there is no quick fix to resolve the Russia/Ukraine war supporting higher commodity prices with an aged fleet,” wrote Cook in a Monday report.
Overall, 56% of analysts covering Deere stock rate shares at Buy. That’s about par, as the srednja vrednost Buy-rating ratio for the S&P 500 is about 58%. The average analyst цена цена for Deere shares is about $408, implying gains of about 30% based on Friday’s closing price of $313.31 a share.
Deere stock is up a little in premarket trading Monday. S&P 500 and
Дов Јонес Индустриал Авераге фјучерси су порасли за око 0.9%, односно 1%.
Пишите Ал Роот-у на [емаил заштићен]
Source: https://www.barrons.com/articles/deere-stock-earnings-51653313698?siteid=yhoof2&yptr=yahoo
Деере залихе су пале у петак. Волстрит мисли да су инвеститори претерано реаговали.
Величина текста
Source: https://www.barrons.com/articles/deere-stock-earnings-51653313698?siteid=yhoof2&yptr=yahoo