My Top Agriculture Dividend Stock to Buy in October (and It's Not Even Close)
Deere (NYSE: DE) is one of the largest and best-known U.S.-based industrial and agriculture companies. The equipment manufacturer is set to report its fourth-quarter (ending Oct. 31) and full-year fiscal 2022 results in late November. For the third quarter of fiscal 2022 (ended July 31), Deere's revenue came in at $13 billion versus $12.95 billion expected, and adjusted earnings per share came in at $6.16 versus $6.65 expected. Deere needs a record quarter in the fourth quarter to hit its full-year 2022 net income guidance of $7 billion to $7.2 billion.
A record year for Deere in fiscal 2022 would be impressive considering the slowdown across many sectors of the economy. However, the bigger question is whether Deere can sustain its momentum heading into fiscal 2023. Let's break down where Deere stands and where the company could be headed from here.
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Source Fool.com
