Is Deere's net profit recovery likely after Q4 2024?

**Deere's net profit recovery is likely after Q4 2024**, considering the following points:

1. **Strategic Adjustments**: Deere has adjusted its full-year guidance to reflect challenges in the ag and turf segments and a softer retail environment. However, the company is focusing on inventory and cost management, expanding technology offerings, and investing in precision agriculture solutions. These strategic adjustments are likely to position Deere for a net profit recovery once these initiatives take effect.
2. **Financial Performance Indicators**: Deere's net income for financial services operations reached $162 million, indicating a stable financial services segment. This stability, combined with the company's efforts to manage costs and inventory, suggests a potential for net profit recovery as these measures are implemented and the economy potentially improves.
3. **Market Conditions and Trends**: Despite current challenges, Deere's long-term prospects appear positive. The company has a history of resilience and adaptation, which should serve it well in navigating current market conditions. Additionally, the infrastructure spending plan and the Inflation Reduction Act present opportunities for growth, which could contribute to a net profit recovery in the future.
4. **Investor Confidence and Analyst Ratings**: Despite recent challenges, the analyst consensus view on Deere & Company stock is cautiously optimistic, with a "Moderate Buy" rating. This sentiment, along with the average analyst price target suggesting a potential upside, indicates that investors are not entirely discounting a net profit recovery in the future.
5. **Technological Advancements**: Deere's focus on expanding technology offerings and precision agriculture solutions is likely to enhance its competitive position and potentially lead to increased profitability as these advanced solutions gain market acceptance.

In conclusion, while Deere may face challenges in the near term, its strategic adjustments, financial performance indicators, favorable market trends, and technological advancements suggest that a net profit recovery is likely after Q4 2024.