📈 DEERE & CO ANALYSIS

bananaramana (40)in LAKSHMI • 3 years ago

1
Deere & Company is one of the leading manufacturers in the world market for agricultural machinery.
Deere reported 4th Quarter October 2021 earnings of $4.12 per share on revenue of $11.3 billion. The consensus earnings estimate was $3.82 per share on revenue of $10.6 billion. The company said it expects fiscal 2022 earnings of $6.50 billion to $7.0 billion, or earnings of approximately $20.87 to $22.47 per share. The current consensus earnings estimate is $21.89 per share for the year ending October 31, 2022.

2
The Deer stock is moving sideways in a tight range from $374.50 - $359.28.

WHAT DO I EXPECT NEXT?

3
A lot is depending on the following trading days and whether the market can become stronger. My personal opinion is that it might make sense to follow the breakout of the stock with a long trade, as soon as the stock moves above $374.50. The area of $359.28 can be used to place stop-loss orders.

What are your thoughts? Leave a comment down below 👇