Jim Cramer Is Keeping an Eye on Deere's Q3 Earnings Friday

TheStreet's Jim Cramer is keeping an eye on Deere & Co. (DE) as the farm machinery company gets set to report its latest quarterly results. Deere will report third quarter fiscal 2015 earnings before Friday's open. Wall Street analysts are expecting earnings of $1.44 a share, down from $2.33 in the same period last year. Revenue forecasts are for $7.17 billion, down from $8.72 billion last year. Lower prices of crops such as soybean and corn have resulted in falling global sales of farm equipment in the past year as farmers are less inclined to spend money on new equipment. Cramer says, 'My feeling with Deere is that they're going to talk about grain prices and grain prices have come down which means that what you want to do is you want to be careful, Deere might report a decent number and then talk things down on the conference call, I say stay away from Deere, it's just too hard right now.'