BUZZ-Deere falls on lower FY26 profit forecast

Reuters
2025/11/26
BUZZ-Deere falls on lower FY26 profit forecast

Updates

** Shares of farm-equipment maker Deere & Co DE.N fall nearly 2.4% to about $486 premarket

** DE forecast for FY26 profit below analysts, pressured by tariff impacts and weaker margins from large tractors

** Expects FY net income to be between $4.00 bln and $4.75 bln vs estimate of $5.33 bln - according to data compiled by LSEG

** Reports lower Q4 profit, hurt by weak demand for its tractors and combine harvestors

** Posts Q4 net income of $1.06 bln or $3.93/share, down from $1.24 bln or $4.55/share a year ago

** Co posts Q4 revenue of $12.39 bln, above analysts' estimate of $9.85 bln

** Fourteen of 25 brokerages rate the stock "buy" or higher, 10 "hold" and one "sell"; their median PT is $517.5, according to data compiled by LSEG

** As of last close, shares up 17.6% YTD

(Reporting by Megavarshini G. Somasundaram in Bengaluru)

((Megavarshini.SomasundaramGnanasundari@thomsonreuters.com))

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