Jim Cramer Is Watching Deere's Quarterly Results Wednesday

TheStreet's Jim Cramer is keeping an eye on Deere & Co. (DE) Wednesday when the company releases its fourth quarter earnings results before the opening bell. Analysts polled by Reuters are expecting the farm equipment maker to post earnings of $0.75 a share on $6.13 billion for the quarter. Cramer says, 'the agricultural business has been under such pressure...I think that Deere historically has put up very good numbers and then in the conference call has said a lot of negative things so if you want to own Deere wait until they lower the boom in the conference call.' This year is the worst sales year for the industry since 2009. Investors therefore will be paying close attention to the company's outlook for 2016. Shares of DE are down more than 16 percent year-to-date.

undefined