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Aditya Sarawgi

Here's What to Expect From Deere's Next Earnings Report

Moline, Illinois-based Deere & Company (DE) manufactures and distributes various equipment worldwide. It focuses on revolutionizing agriculture with technology, in an effort to make farming automated, easier, and more precise across the production process. With a market cap of $139.5 billion, Deere operates as the world's largest producer of agricultural equipment.

DE is set to announce its third-quarter results before the markets open on Thursday, Aug. 14. Ahead of the event, analysts expect DE to report a profit of $4.62 per share, down 26.6% from $6.29 per share reported in the year-ago quarter. On a positive note, the company has surpassed the Street’s bottom-line estimates in each of the past four quarters.

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