Forecast Of The Day: Deere’s Agriculture & Turf Equipment Revenue
What?
Trefis expects Deere’s (NYSE:DE) Agriculture & Turf Equipment Revenue to increase from levels of around $23 billion in 2020 to about $28 billion in 2021 and $31 billion in 2022.
Why?
- Should You Pick Deere Stock At $360 After 6% Fall In A Week Amid Downbeat Outlook?
- Down 4% This Week What’s Next For Deere Stock After Downbeat 2024 Guidance?
- Should You Pick Deere Stock At $380 Ahead of Its Q4 Results?
- Are Capital Equipment Stocks Like Deere Worth Buying Despite Rising Interest Rates?
- Should You Buy Deere Stock After A 10% Fall In A Week Despite Solid Q3?
- Is Deere Stock A Better Pick Over KO?
Sales are likely to rebound sharply following the impact of Covid-19 in 2020 and also due to higher spending by farmers on agricultural equipment.
So What?
Deere stock has fared well this year, rising by about 27% year-to-date, compared to the S&P 500 which has gained about 15%. We think the stock has a lot more room to run, as the Agriculture & Turf, as well as Construction & Forestry segments, are poised to outperform over the next few years.
See Our Complete Analysis For Deere
Looking for a balanced portfolio to invest in? Here’s a high-quality portfolio to beat the market, with over 150% return since 2016, versus 85% for the S&P 500. Comprised of companies with strong revenue growth, healthy profits, lots of cash, and low risk, it has outperformed the broader market year after year, consistently.
See all Trefis Price Estimates and Download Trefis Data here
What’s behind Trefis? See How It’s Powering New Collaboration and What-Ifs For CFOs and Finance Teams | Product, R&D, and Marketing Teams