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Tomorrow morning, Deere & Co. (NYSE: DE) is going to be reporting its fiscal third quarter earnings before the market opens. Analysts are looking to see the company show earnings for $1.99 a share during the quarter.

When the company announces numbers tomorrow, it will have a chance to make it eight straight quarters of estimate-beating results. In fact, the last time that Deere was unable to beat analyst estimates was back in August 2005, when it failed to match estimates for its third quarter in 2005.

The company has been benefiting from a global increase in demand for its farm equipment, as more interest is being placed in the development of corn ethanol. This should definitely help the company continue to put up strong numbers for several quarters to come.

One analyst, Andrew Casey from Wachovia, has put out a bullish statement on the company, and told his clients to expect to see Deere come through with numbers above analyst estimates. He also went on to say that he expects a strong commodity market to result in higher cash receipts for the company for several years in the future.

The stock has been on quite a run over the past 12 months. After hitting a 52-week high in mid July, the stock has dropped a bit with the rest of the market, but it seems to have found its support and looks strong at this point.

The company will report earnings in the morning, and then will host a conference call tomorrow at 10:00 AM EDT. We will be covering the conference call in its entirety, so be sure to check back tomorrow morning for results before the market opens, and also for up-to-the-minute on the conference call starting at 10:00 AM EDT.

Let's close with a 52-week chart on the stock to get a better perspective on just how strong the company has performed over the past year.



Michael Fowlkes has worked as a stock trader for seven years and spent the last two years working as an analyst for the online investment advisory service Investor's Observer