Deere and Company releases its financial results for the first quarter of its fiscal year tomorrow. Recent analysts estimates place Deere first quarter results at 51 to 58 cents per share. That remains well below Deere’s 80 cents per share earnings at the same time last year.
Deere stock reached $112 this week; a high from February this year to last. Deere stock closed trading today at $108 per share.
Low commodity prices and weak farm incomes have hurt the Moline based company’s standing in recent years. Many are looking to tomorrow’s Deere earnings results to signal the beginning of a recovery.
