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Earnings season continues to roll on, and Wednesday morning, before the market opens, I am going to be keeping a close watch on the quarterly results of Deere & Co. (NYSE: DE). Analysts are expecting the company to post earnings of $2.41 per share for its second fiscal quarter

The last time that Deere reported earnings was on February 14, when it easily beat analyst estimates. For its fiscal first quarter, Deere was able to report earnings of $1.04 per share, while analysts had been expecting to see the company come in with $0.74 EPS.

Late last month, a couple of Deere's competitors reported financial results, beating earnings estimates, so hopefully this trend will carry over into Deere's quarterly numbers. On April 20, Caterpillar Inc (NYSE: CAT) reported earnings of $1.23 per share for its first-quarter earnings, above the $1.09 EPS analysts had been expecting. Then, a couple of days later on April 23, CNH Global N.V. (NYSE: CNH) posted earnings of $0.44 per share, beating estimates of $0.31 EPS for its first quarter.

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Deere & Co. Q2 earnings preview originally appeared on BloggingStocks on Mon, 14 May 2007 14:08:00 EST. Please see our terms for use of feeds.

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