Deere (NYSE:DE) reported revenue of $12.652 billion in Q1 2023, compared with $9.569 billion in the previous month and $11.28 billion expected, exceeding market expectations by 12.16%; Earnings per share were $6.55 vs $2.92 prior, and $5.56 expected, beating market expectations by 17.81%.
February 17, 2023 — Deere (NYSE:DE) Deere & Company reported net income of $1.959 billion for the first quarter ended January 29, 2023, or $6.55 per share. In Q1 2023, the financial report achieved revenue of 12.652 billion US dollars, the previous value was 9.569 billion US dollars, and the expected value was 11.28 billion US dollars, exceeding market expectations by 12.16%; Earnings per share were $6.55 vs $2.92 prior, and $5.56 expected, beating market expectations by 17.81%. Worldwide net sales and revenues increased 32 percent, to $12.652 billion, in the most recent quarter. Net sales were $11.402 billion for the quarter, compared with $8.531 billion in 2022. Net income attributable to Deere & Company for fiscal 2023 is forecast to be in a range of $8.75 billion to $9.25 billion. DEERE & COMPANY STATEMENTS OF CONSOLIDATED INCOME About DEERE & COMPANY Deere & Company (www.JohnDeere.com) is a global leader in the
Deere (NYSE:DE) reported income of $12.652 billion for Q1 2023, up 32% year-over-year Read Post »
Bank of America analyst Michael Feniger issued a research report, raising the target price of Deere shares (NYSE:DE) to $484 from $478, maintaining a “neutral” rating. Feniger said the company posted a “thorough” quarterly result that exceeded expectations and raised its 2023 guidance to levels that exceeded market expectations.
Bernstein Maintains Market Perform on Deere (NYSE:DE), Raises Price Target to $398.
Bernstein Maintains Market Perform on Deere (NYSE:DE), Raises Price Target to $398 Read Post »
DA Davidson Maintains Buy on Deere (NYSE:DE), Maintains $520 Price Target.
DA Davidson Maintains Buy on Deere (NYSE:DE), Maintains $520 Price Target Read Post »
Wells Fargo maintains its overweight rating by adjusting its price target on Deere & Company (NYSE:DE) to $510 from $485.
Wells Fargo adjusting Deere (NYSE:DE) price target to $510 from $485. Read Post »
Barclays analyst Brandt Montour will raise its price target on DraftKings (NASDAQ:DKNG) to $23 from $15 and maintain its holding. Analysts raised their expectations after the company’s fourth-quarter results, saying DraftKings had made progress on cost-saving and product development measures. However, the company believes the stock’s valuation is fair at current levels.
Barclays: Raised DraftKings (NASDAQ:DKNG) price target to $23 from $15 Read Post »
Evercore ISI Adjusts Medtronic plc (NYSE:MDT) Price Target to $90 From $86, Maintains Outperform Rating。
Evercore ISI Adjusts Medtronic plc (NYSE:MDT) Price Target to $90 From $86 Read Post »
Feb. 21, 2023 – Medtronic plc (NYSE:MDT) today announced financial results for its third quarter of fiscal year 2023, which ended January 27, 2023. Q3 revenue of $7.7 billion was essentially flat year-over-year and exceeded market expectations of $7.53 billion. Non-GAAP earnings per share were $1.3, beating market expectations of $1.27. Medtronic reported third quarter worldwide revenue of $7.727 billion, a flat result as reported and an increase of 4.1% on an organic basis. GAAP diluted EPS of $0.92 decreased 16%; non-GAAP diluted EPS of $1.30 decreased 4%, ahead of expectations. Third quarter U.S. revenue of $4.062 billion represented approximately 52% of company revenue and increased 3% as reported and 2% organic. Non-U.S. developed market revenue of $2.294 billion represented 30% of company revenue and decreased 6% as reported and increased 6% organic. Emerging Markets revenue of $1.371 billion represented 18% of company revenue and decreased 1% as reported and increased
Medtronic plc (NYSE:MDT) Q3 2023 revenue of $7.727 billion Read Post »
Truist Securities Lowers Home Depot (NYSE:HD) Price Target to $352 From $382, Maintains Buy Rating Truist lowered its price target on Home Depot (NYSE:HD) to $352 from $382, but maintained its buy rating on the stock. The analyst told investors in a research note that Home Depot’s fourth-quarter sales trend remained solid and the Pro business continued to drive growth; But its outlook was slightly lower than expected, mainly due to increased investment in wages. The analyst added that Home Depot’s sales growth in fiscal 2023 will be broadly flat as fundamentals remain stable in a difficult environment, and he remains bullish on the stock given the overall resilience of the home improvement business.
Truist Securities Lowers Home Depot (NYSE:HD) Price Target to $352 From $382 Read Post »
The Home Depot(NYSE:HD): Home Depot, a U.S. home and building materials retailer, said Feb. 21 that it will spend an additional $1 billion to raise the wages of its hourly workers. Home Depot did not disclose the average salary of employees after the raise, but said the starting salary was at least $15 an hour. The hourly wage increase, which went into effect Feb. 6, will raise wages for all hourly workers in the U.S. and Canada.
Feb. 21, 2023 — The Home Depot, the world’s largest home improvement retailer, today reported fourth quarter and fiscal 2022 results. Revenue for the fourth quarter of 2022 was $35.83 billion, up 0.3% year-over-year, slightly below expectations of $35.97 billion, earnings per share were $3.3, higher than expectations of $3.28, and net income was $3.36 billion, up 0.3% year-over-year. The Company today announced that its board of directors approved a 10 percent increase in its quarterly dividend to $2.09 per share, which equates to an annual dividend of $8.36 per share. Fourth Quarter 2022 Sales for the fourth quarter of fiscal 2022 were $35.8 billion, an increase of $112 million, or 0.3 percent from the fourth quarter of fiscal 2021. Comparable sales for the fourth quarter of fiscal 2022 decreased 0.3 percent, and comparable sales in the U.S. decreased 0.3 percent. Net earnings for the fourth quarter of fiscal 2022