|
|
Recent Articles
-
Deere’s Fiscal Fourth Quarter Results Better Than Feared
Nov 25, 2024
-
Image Source: Deere.
Looking to fiscal 2025, Deere expects Production & Precision Ag net sales down ~15%, Small Ag & Turf net sales down 10%, and Construction & Forestry net sales down 10%-15%. Net income for its Financial Services segment is targeted at $750 million for the year. Net income attributable to Deere & Company for fiscal 2025 is expected to be in the range of $5-$5.5 billion, down from $7.1 billion in fiscal 2024 and $10.2 billion in fiscal 2023. Deere’s top line continues to face pressure, and its balance sheet isn’t as strong as we would like, but the company is navigating weakness well. Shares yield 1.3%.
-
Dividend Increases/Decreases for the Week of November 22
Nov 22, 2024
-
Let's take a look at firms raising/lowering their dividends this week.
-
Nvidia’s Gross Margins Facing Pressure But Still Very Healthy
Nov 20, 2024
-
Image: Nvidia’s shares have surged higher in recent years.
Looking to the fourth quarter of fiscal 2025, Nvidia’s revenue is expected to be $37.5 billion, plus or minus 2%. Non-GAAP gross margins are expected to fall sequentially to 73.5%, while non-GAAP operating expenses are expected to be $3.4 billion in the fourth quarter. Nvidia’s third quarter report was fine, but its fourth-quarter revenue guidance was a bit light relative to some buyside estimates, and its non-GAAP gross margin guidance for the fourth quarter revealed modest sequential pressure. The high end of our fair value estimate stands at $180 per share.
-
Walmart Executing Well, Raises Guidance
Nov 19, 2024
-
Image Source: Walmart.
Looking ahead to all of fiscal 2025, Walmart now expects constant currency net sales to increase in the range of 4.8%-5.1% versus 3.75%-4.75% previously. Constant currency adjusted operating income is targeted in the range of 8.5%-9.25% growth in the year versus 6.5%-8% previously. Adjusted earnings per share is expected in the range of $2.42-$2.47 up from its prior forecast of $2.35-$2.43. Walmart continues to execute well in the current market environment, and we liked its raised guidance. The high end of our fair value estimate range stands at $90 per share.
|
