What Deere & Company's Earnings Mean for Mutual Fund Investors (DE)

Welcome to MutualFunds.com

Please help us personalize your experience and select the one that best describes you.

Your personalized experience is almost ready.

Join other Individual Investors receiving FREE personalized market updates and research. Join other Institutional Investors receiving FREE personalized market updates and research. Join other Financial Advisors receiving FREE personalized market updates and research.

Thank you!

Check your email and confirm your subscription to complete your personalized experience.

Thank you for your submission

We hope you enjoy your experience

Channels

Fixed income news, reports, video and more.

Municipal bonds news, reports, video and more.

Practice management news, reports, video and more.

Portfolio management news, reports, video and more.

Retirement news, reports, video and more.

Learn from industry thought leaders and expert market participants.

Deepen your understanding of Responsible Investing and learn how it can potentially help you build a more successful practice.

Advisors

Receive email updates about fund flows, news, upcoming CE accredited webcasts from industry thought leaders and more.

Content focused on helping financial advisors build successful client relationships and grow their business.

Content geared towards helping financial advisors build better client portfolios.

Get insights on the industry trends and investment news from leading fund managers and experts.

What Deere & Company's Earnings Mean for Mutual Fund Investors (DE)

Deere & Company
Before the opening bell on Friday, Deere & Company (DE) released its first quarter financial results. Here’s what the results mean for mutual fund investors.

Inside DE’s Results

Earnings

The company reported earnings of $387 million, or $1.12 per share, down from $681 million, or $1.81 per share, last year. Analysts expected to see EPS of 83 cents.

Revenue
Revenue dropped 19% to $5.6 billion from $6.95 billion. Analysts expected to see $5.54 billion in revenue.

Outlook
Looking ahead to FY2015, the company expects to see net income of $1.8 billion. Previously, the company expected to see $1.9 billion in profits.

Farm Equipment Demand Is Falling

Falling commodity prices have resulted in weak demand for farming and farming equipment. According to the U.S. Department of Agriculture, earnings for farmers is expected to fall 32% in 2015 to the lowest level since 2009.

Deere & Company has cut production to account for the weakening demand of its products. Despite the drop in demand, farm equipment still made up about two-thirds of its sales in the first quarter.

Mutual Funds to Watch

For investors seeking exposure to Deere & Company without purchasing the individual stock, a mutual fund from the list below may be a good choice. The following funds currently hold the largest stake in DE.

The Bottom Line

By investing in any of the funds above, investors can gain exposure to DE as well as diversified bundle of other securities and industries. Investors interested in DE may also be interested in Caterpillar (CAT) and Home Depot (HD).

Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.

Popular Articles

Download our free report

Find out why $30 trillon is invested in mutual funds.

Why 30 trillion is invested in mutual funds book

Why 30 trillion is invested in mutual funds book

Download our free report

Find out why $30 trillon is invested in mutual funds.

Why 30 trillion is invested in mutual funds book

Download our free report

Find out why $30 trillon is invested in mutual funds.


Read Next

Deere & Company

What Deere & Company's Earnings Mean for Mutual Fund Investors (DE)

Before the opening bell on Friday, Deere & Company (DE) released its first quarter financial results. Here’s what the results mean for mutual fund investors.

Inside DE’s Results

Earnings

The company reported earnings of $387 million, or $1.12 per share, down from $681 million, or $1.81 per share, last year. Analysts expected to see EPS of 83 cents.

Revenue
Revenue dropped 19% to $5.6 billion from $6.95 billion. Analysts expected to see $5.54 billion in revenue.

Outlook
Looking ahead to FY2015, the company expects to see net income of $1.8 billion. Previously, the company expected to see $1.9 billion in profits.

Farm Equipment Demand Is Falling

Falling commodity prices have resulted in weak demand for farming and farming equipment. According to the U.S. Department of Agriculture, earnings for farmers is expected to fall 32% in 2015 to the lowest level since 2009.

Deere & Company has cut production to account for the weakening demand of its products. Despite the drop in demand, farm equipment still made up about two-thirds of its sales in the first quarter.

Mutual Funds to Watch

For investors seeking exposure to Deere & Company without purchasing the individual stock, a mutual fund from the list below may be a good choice. The following funds currently hold the largest stake in DE.

The Bottom Line

By investing in any of the funds above, investors can gain exposure to DE as well as diversified bundle of other securities and industries. Investors interested in DE may also be interested in Caterpillar (CAT) and Home Depot (HD).

Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.

Popular Articles

Download our free report

Find out why $30 trillon is invested in mutual funds.

Why 30 trillion is invested in mutual funds book

Why 30 trillion is invested in mutual funds book

Download our free report

Find out why $30 trillon is invested in mutual funds.

Why 30 trillion is invested in mutual funds book

Download our free report

Find out why $30 trillon is invested in mutual funds.


Read Next