Deere Earnings Preview: Weak Agriculture Equipment Sales To Weigh On Top Line

We expect to see soft second quarter results, as continued weakness in sales of global agriculture equipment weigh on the company's top line. It is because of this weakness that JPMorgan recently downgraded Deere, sending the company's stock down 3.3% on May 15. The weakness in Deere's agriculture equipment sales in the second quarter will likely be partially offset by gains at its Construction & Forestry division, which is expected to have grown on the strength in construction activity in the U...