Deere Analysts Increase Their Forecasts After Strong Q2 Results

Benzinga Earnings08-21 21:52

Deere & Co (NYSE:DE) on Thursday reported better-than-expected second-quarter financial results and raised its full-year net income outlook.

Earnings of $5.10 per share beat the $4.70 estimate. Net sales and revenue rose 5% to $12.608 billion, topping the $10.730 billion estimate.

Deere raised its fiscal 2026 net income outlook to between $4.75 billion and $5 billion. It expects equipment operations net operating cash flow of $5 billion to $5.5 billion. The company projects capital expenditures of about $1.3 billion and expects research and development expenses to increase slightly.

"As we look ahead, we continue to believe 2026 will mark the bottom of the current ag equipment cycle," Chairman and CEO John C. May said.

Deere shares gained 0.5% to trade at $623.93 on Friday.

These analysts made changes to their price targets on Deere following earnings announcement.

Baird analyst Mircea Dobre maintained the stock with a Neutral and raised the price target from $525 to $640.
Oppenheimer analyst Noah Kaye maintained the stock with an Outperform rating and raised the price target from $680 to $685.

Considering buying DE stock? Here’s what analysts think:

Photo via Shutterstock

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2661229560?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-08-21 21:52","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2661229560","market":"us","top_or_hot":-1,"title":"Deere Analysts Increase Their Forecasts After Strong Q2 Results","media":"Benzinga Earnings","content":"<html><body><p><strong>Deere &amp; Co </strong>(NYSE:DE) on Thursday reported better-than-expected second-quarter financial results and raised its full-year net income outlook.</p>\n<p>Earnings of $5.10 per share beat the $4.70 estimate. Net sales and revenue rose 5% to $12.608 billion, topping the $10.730 billion estimate.</p>\n<p>Deere raised its fiscal 2026 net income outlook to between $4.75 billion and $5 billion. It expects equipment operations net operating cash flow of $5 billion to $5.5 billion. The company projects capital expenditures of about $1.3 billion and expects research and development expenses to increase slightly.</p>\n<p>\"As we look ahead, we continue to believe 2026 will mark the bottom of the current ag equipment cycle,\" Chairman and CEO John C. May said.</p>\n<p>Deere shares gained 0.5% to trade at $623.93 on Friday.</p>\n<p>These analysts made changes to their price targets on Deere following earnings announcement.</p>\n<ul>\n<li>Baird analyst Mircea Dobre maintained the stock with a Neutral and raised the price target from $525 to $640.</li>\n<li>Oppenheimer analyst Noah Kaye maintained the stock with an Outperform rating and raised the price target from $680 to $685.</li>\n</ul>\n<p><strong>Considering buying DE stock? Here’s what analysts think:</strong></p>\n<figure><img decoding=\"async\" height=\"308\" loading=\"lazy\" sizes=\"(max-width: 1024px) 100vw, 1024px\" src=\"https://editorial-assets.benzinga.com/wp-content/uploads/2026/08/21095129/image-610-1024x308.png\" srcset=\"https://editorial-assets.benzinga.com/wp-content/uploads/2026/08/21095129/image-610-1024x308.png 1024w, https://editorial-assets.benzinga.com/wp-content/uploads/2026/08/21095129/image-610-300x90.png 300w, https://editorial-assets.benzinga.com/wp-content/uploads/2026/08/21095129/image-610-768x231.png 768w, https://editorial-assets.benzinga.com/wp-content/uploads/2026/08/21095129/image-610.png 1165w\" width=\"1024\"/></figure>\n<p><em>Photo via Shutterstock</em></p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Deere Analysts Increase Their Forecasts After Strong Q2 Results</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDeere Analysts Increase Their Forecasts After Strong Q2 Results\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga Earnings </p>\n<p class=\"h-time\">2026-08-21 21:52</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p><strong>Deere &amp; Co </strong>(NYSE:DE) on Thursday reported better-than-expected second-quarter financial results and raised its full-year net income outlook.</p>\n<p>Earnings of $5.10 per share beat the $4.70 estimate. Net sales and revenue rose 5% to $12.608 billion, topping the $10.730 billion estimate.</p>\n<p>Deere raised its fiscal 2026 net income outlook to between $4.75 billion and $5 billion. It expects equipment operations net operating cash flow of $5 billion to $5.5 billion. The company projects capital expenditures of about $1.3 billion and expects research and development expenses to increase slightly.</p>\n<p>\"As we look ahead, we continue to believe 2026 will mark the bottom of the current ag equipment cycle,\" Chairman and CEO John C. May said.</p>\n<p>Deere shares gained 0.5% to trade at $623.93 on Friday.</p>\n<p>These analysts made changes to their price targets on Deere following earnings announcement.</p>\n<ul>\n<li>Baird analyst Mircea Dobre maintained the stock with a Neutral and raised the price target from $525 to $640.</li>\n<li>Oppenheimer analyst Noah Kaye maintained the stock with an Outperform rating and raised the price target from $680 to $685.</li>\n</ul>\n<p><strong>Considering buying DE stock? Here’s what analysts think:</strong></p>\n<figure><img decoding=\"async\" height=\"308\" loading=\"lazy\" sizes=\"(max-width: 1024px) 100vw, 1024px\" src=\"https://editorial-assets.benzinga.com/wp-content/uploads/2026/08/21095129/image-610-1024x308.png\" srcset=\"https://editorial-assets.benzinga.com/wp-content/uploads/2026/08/21095129/image-610-1024x308.png 1024w, https://editorial-assets.benzinga.com/wp-content/uploads/2026/08/21095129/image-610-300x90.png 300w, https://editorial-assets.benzinga.com/wp-content/uploads/2026/08/21095129/image-610-768x231.png 768w, https://editorial-assets.benzinga.com/wp-content/uploads/2026/08/21095129/image-610.png 1165w\" width=\"1024\"/></figure>\n<p><em>Photo via Shutterstock</em></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"GB00BDT5M118.USD","symbol_name":"天利环球扩展Alpha基金A Acc","start_time":0,"source_url":"https://www.benzinga.com/analyst-stock-ratings/price-target/26/08/61355447/deere-analysts-increase-their-forecasts-after-strong-q2-results","article_id":"2661229560","we_media_id":"1052270027","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2661229560","pubTimestamp":1787320343,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Benzinga Earnings","introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"summary":"\nDeere &amp; Co (NYSE:DE) beat earnings estimates with $5.10 per share, raised full-year outlook for net income to $4.75-5 billion and expects bottom of ag equipment cycle in 2026. Share price up 0.5%. Analysts revised price targets to $640 and $685.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"GB00BDT5M118.USD":"天利环球扩展Alpha基金A Acc","LU0289739343.SGD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"A\" (SGD) ACC","DE":"迪尔股份有限公司","LU1201861249.SGD":"Natixis Harris Associates US Equity PA SGD-H","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","FTAG":"First Trust Indxx Global Agriculture ETF","LU0130517989.USD":"HARRIS ASSOCIATES US VALUE EQUITY \"R\" INC","LU0471298777.SGD":"Blackrock Nutrition A2 SGD-H","LU0868494708.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD) INC","LU0323240290.USD":"HSBC GIF GLOBAL EQUITY CLIMATE CHANGE \"AD\" INC","LU0511384066.AUD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"A\" (AUDHDG) ACC","LU0980610538.SGD":"Natixis Harris Associates US Equity RA SGD-H","VEGI":"iShares MSCI Agriculture Producers ETF","BK4152":"农用农业机械","LU0345780950.USD":"NINETY ONE GSF GLOBAL NATURAL RESOURCES \"A\" (USD) ACC","LU0289960550.SGD":"AB FCP I - GLOBAL EQUITY BLEND PORTFOLIO 'A' (SGD) ACC","SG9999011175.SGD":"Nikko AM Global Dividend Equity Dis SGD-H","LU0868494617.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD) ACC","IE00BD6J9T35.USD":"NEUBERGER BERMAN NEXT GENERATION MOBILITY \"A\" (USD) ACC","LU1064131342.USD":"Fullerton Lux Funds - Global Absolute Alpha A Acc USD","LU0648001328.SGD":"Natixis Harris Associates US Equity RA SGD","IE0004445239.USD":"JANUS HENDERSON US FORTY \"A2\" (USD) ACC","LU1988902786.USD":"FULLERTON LUX FUNDS GLOBAL ABSOLUTE ALPHA \"I\" (USD) ACC","BK4588":"碎股","LU2394011477.USD":"JPMORGAN CLIMATE CHANGE SOLUTIONS \"A\" (USD) ACC","LU0477156953.USD":"HARRIS ASSOCIATES US VALUE EQUITY \"RE\" (USD) ACC","LU0385154629.USD":"贝莱德营养科学基金A2","LU0175139822.USD":"AB FCP I Global Equity Blend A USD","SG9999002521.SGD":"United Global Resources A Acc SGD","LU0345781412.USD":"NINETY ONE GSF GLOBAL NATURAL RESOURCES \"A\" (USD) INC","MADE":"iShares U.S. Manufacturing ETF","LU0630314457.HKD":"NINETY ONE GSF GLOBAL NATURAL RESOURCES \"A\" (HKD) ACC","LU1861214812.USD":"Blackrock Future of Transport A2 USD","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","LU2023250843.SGD":"Allianz Thematica Cl AT Acc H2-SGD","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","LU1861219969.SGD":"Blackrock Future of Transport A2 SGD-H","KROP":"Global X AgTech & Food Innovation ETF","SGXZ23171101.USD":"NIKKO AM SHENTON GLOBAL OPPORTUNITIES (USD) ACC","LU1548497426.USD":"安联环球人工智能AT Acc","LU2106854487.HKD":"ALLIANZ THEMATICA \"AMG\" (HKD) INC","HWAY":"Themes US Infrastructure ETF","LU0289961442.SGD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"AX\" (SGD) ACC","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU2491050071.SGD":"WELLINGTON SUSTAINABLE OUTCOMES \"A\" (SGDHDG) ACC","LU1989763690.USD":"东方汇理世代食品基金A2 Acc","LU1718418525.SGD":"JPMorgan Investment Funds - Global Select Equity A (acc) SGD","BK4585":"ETF&股票定投概念","LU2264538146.SGD":"Fullerton Lux Funds - Global Absolute Alpha A Acc SGD","LU0312595415.SGD":"Schroder ISF Global Climate Change Equity A Acc SGD"},"translate_title":"Deere分析师在第二季度业绩强劲后上调预测","themeId":"11c8fbbf839f433c9d274cef5f173382","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"HWAY":0.6,"DE":1,"VEGI":0.6,"KROP":0.6,"FTAG":0.6,"MADE":0.6},"content_text":"Deere & Co (NYSE:DE) on Thursday reported better-than-expected second-quarter financial results and raised its full-year net income outlook.\nEarnings of $5.10 per share beat the $4.70 estimate. Net sales and revenue rose 5% to $12.608 billion, topping the $10.730 billion estimate.\nDeere raised its fiscal 2026 net income outlook to between $4.75 billion and $5 billion. It expects equipment operations net operating cash flow of $5 billion to $5.5 billion. The company projects capital expenditures of about $1.3 billion and expects research and development expenses to increase slightly.\n\"As we look ahead, we continue to believe 2026 will mark the bottom of the current ag equipment cycle,\" Chairman and CEO John C. May said.\nDeere shares gained 0.5% to trade at $623.93 on Friday.\nThese analysts made changes to their price targets on Deere following earnings announcement.\n\nBaird analyst Mircea Dobre maintained the stock with a Neutral and raised the price target from $525 to $640.\nOppenheimer analyst Noah Kaye maintained the stock with an Outperform rating and raised the price target from $680 to $685.\n\nConsidering buying DE stock? Here’s what analysts think:\n\nPhoto via Shutterstock","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport,express","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.47.1","shortVersion":"4.47.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2661229560","isCrawlerRequest":true}