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Despite continuing supply constraints, Deere managed a decent result without its margins taking too bad of a hit. The company’s equipment operations had a 19.9% margin in the quarter's financial result and agriculture fundamentals remain strong, with order books nearly full for the rest of the year. The construction and forestry markets, in particular, continued to benefit from strong demand and price realization, contributing to the division's strong performance in the quarter. Imports into Chi
Companies: Deere & Company (DE:NYSE)Deere & Company (DE:NYS)
From a financial standpoint, Deere & Company has performed well in 2021 with strong execution despite general macroeconomic challenges. Its solid agricultural fundamentals continue to sustain their momentum and the company's order books are largely full for the remainder of the year. Meanwhile, strong demand and price realization continue to benefit the construction and forestry markets, contributing to the division's strong performance in the quarter. The management also upgraded their capital
Deere & Company has surged past the target price from our last report and finished the quarter with solid execution despite general macroeconomic uncertainty. Its strong agricultural fundamentals continue to sustain their momentum and the company's order books are largely full for the remainder of the year. Meanwhile, strong demand and price realization continue to benefit the construction and forestry markets, contributing to the division's strong performance in the quarter. The company also re
Deere & Co ended the year with strong fourth-quarter performance. The company is already gaining from higher agricultural commodity prices that will likely increasing agricultural equipment demand in the near term and reported an impressive 13.6% margin for its core equipment operations. An improved macro for the construction and forestry sector as well as a focus on investments in precision agriculture will continue to push Deere’s top-line growth. Earthmoving and compact construction equipment
Deere & Company delivered a stellar quarter and has already achieved the target price from our last report. The company’s growth was largely driven by the Construction & Forestry equipment business in the third quarter, which led to improved levels of profitability and a heightened outlook for the rest of this year. Their net sales grew by a staggering 29% to $11.5 billion, with the core Equipment Operations business growing 32% to $10.4 billion. It is worth highlighting that the revenue growth
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Today’s trading update for H1 22 highlights the difficult operating environment over the first six months of the year, particularly in Q1. Trading picked up in Q2 and is expected to continue to improve in H2 22, in part, due to the inherent seasonality of the business, but also due to some catch up in demand. Guidance is for FY22 post-tax profit to be in line with the consensus estimate of £32.2m, as a result Zeus reduces its estimate by 2.5% to £32.2m. Previous guidance of £3.0m potential impac
Companies: Strix Group PLC
Last week, the UK government published the consultation paper on its Review of Electricity Market Arrangements (REMA). Any change potentially represents uncertainty in a market that has been wary of changes with a number of shares falling after early details of possible reforms were flagged in the press. We review the possible changes and conclude that while there is some risk, from what we can see at present the likely outcomes could be either minimal or beneficial for investors in clean energy
Companies: EQT IES DRX NESF PHE SAE
Companies: Crestchic PLC
Invinity has begun trading shares on the OTCQX Best Market in the USA. We see this as adding liquidity for North American investors and more generally increasing visibility for the company in key markets in North America.
Companies: Invinity Energy Systems PLC
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Unigel Group, intends to join the Aquis Growth Market. Unigel Group is a pioneer in the field of thixotropic gels for the fibre optic cable industry. The Company is also a supplier of laminated steel tapes to the fibre optic cable industry in the US. Thixotropic gels and laminated steel tapes are essential components to the rapidly growing global fibre optic cable market. The Group exports
Companies: UJO FAB HAT HZM SYM TRAC
The US Inflation Reduction Act of 2022 now has a chance of passing the Senate next week as it is being voted under the Reconciliation procedure which allows bills related to the budget to pass on a simple majority rather than the 60-vote majority required to overcome a filibuster. If the act does find its way onto the statue books it will bring US$369bn in clean energy tax credits, grants and other incentives. Much is directed to protecting clean energy manufacturing in the USA, but it is a wide
Companies: IES DRX ITM VLS
Dish of the day
No joiners today.
No leavers today.
What’s cooking in the IPO kitchen?
Unigel Group, intends to join the Aquis Growth Market. Unigel Group is a pioneer in the field of thixotropic gels for the fibre optic cable industry. The Company is also a supplier of laminated steel tapes to the fibre optic cable industry in the US. Thixotropic gels and laminated steel tapes are essential components to the rapidly growing global fibre optic cable market. The Group export
Companies: SDI FUL PURP OSI IXI BSE BRSD ATM
Oil posted the biggest weekly decline since early April on growing signs that a global economic slowdown is curbing demand. Prices are near the lowest level in six months.
West Texas Intermediate settled at $89 a barrel, ending the week nearly 10% lower. US gasoline consumption has dropped, stoking demand concerns, while low liquidity has added to volatility. Supplies from Libya also picked up, helping to shrink key oil futures time-spreads and ease the tightness in the market.
Companies: FO 88E CHAR DEC EME GTC TRIN WEN
Companies: Staffline Group plc
Rolls Royce published mixed figures. Profitability was particularly low, pushing the net result back into the red zone. However, FCF generation was a positive surprise despite the rise in inventory. It has finally found an agreement to sell ITP Aero and will use the resulting cash to repay its only floating interest rate debt.
Companies: Rolls-Royce Holdings plc
Companies: Open Orphan Plc (ORPH:LON)Renold plc (RNO:LON)
Companies: Lok'nStore Group plc
Checkit has released an upbeat H1 trading update that shows ARR continues to build rapidly – up 48% y/y to £10.2m, and so represents another strong period, after +43% ARR growth in FY22. The successful rollout of prior year wins - most notably: Grifols - a multinational pharmaceutical (worth £2.7m/3yrs) has been a key contributor. Meanwhile, further benefitting, CKT has also continued to ink new deals, for instance – expanding its role with Center Parcs (announced in May) and as well, Octapharma
Companies: Checkit plc
Singer Capital Markets
Companies: Belvoir Group PLC (BLV:LON)SDI Group plc (SDI:LON)