These Analysts Revise Their Forecasts On Deere After Q4 Results - Deere (NYSE:DE)

Core Insights - Deere & Company reported strong fourth-quarter results with earnings per share of $3.93, surpassing the consensus estimate of $3.88, and a quarterly sales increase of 11% year-over-year to $12.39 billion, exceeding the consensus of $9.85 billion [1][3] Financial Performance - The company achieved its best results in the current cycle despite challenges, attributed to structural improvements and diverse customer segments [2] - For fiscal 2026, Deere expects net income to range from $4.0 billion to $4.75 billion, indicating a year-over-year decline of 20% to 5.5%, with projected operating cash flow of $4.0 billion to $5.0 billion [3] Sales Projections - Deere anticipates a decline in production and precision agriculture sales by 5% to 10% for fiscal 2026, while small agriculture and turf revenue, along with construction and forestry sales, are expected to rise by approximately 10% [3] Stock Performance - Following the earnings announcement, Deere shares increased by 0.6%, trading at $472.82 [3] Analyst Ratings - RBC Capital maintained an Outperform rating with a price target adjustment from $542 to $541 [6] - Truist Securities maintained a Buy rating and raised the price target from $609 to $612 [6] - Evercore ISI Group maintained an In-Line rating, lowering the price target from $487 to $458 [6]