NEW YORK (TheStreet) --Deere & Co. (DE) is scheduled to release its 2015 second quarter earnings results before the market open on Friday morning. Analysts are expecting the tractor, riding mowers, and farming equipment manufacturer and seller to post a year-over-year decline in earnings and revenue for the quarter ended April 2015.
The company has been forecast to report earnings of $1.55 per share on revenue of $7.53 billion for the most recent quarter.
Last year, Deere said it earned $2.65 per share on net sales of $9.95 billion for the 2014 second quarter. The company's year-ago earnings results had declined from the same period in the prior year's second quarter.
Shares of Deere are up by 0.35% to $89.29 in late morning trading on Thursday.
Separately, TheStreet Ratings team rates DEERE & CO as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate DEERE & CO (DE) a BUY. This is driven by several positive factors, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, notable return on equity and increase in stock price during the past year. We feel its strengths outweigh the fact that the company has had somewhat weak growth in earnings per share."
Highlights from the analysis by TheStreet Ratings Team goes as follows: