Core Insights - Deere & Co. shares have surged over 40% since the beginning of the year, reaching a new high after reporting earnings that exceeded analysts' expectations [1][1][1] Financial Performance - Deere reported earnings per share of $2.42 and revenue of $9.61 billion, reflecting a 13% year-over-year increase [1][1][1] - The company expects net income for the full year to be between $4.5 billion and $5 billion, an increase from the previous range of $4 billion to $4.75 billion [1][1][1] Market Drivers - The positive results were attributed to increased infrastructure spending and investments in AI data centers [1][1][1] - CEO John May noted a recovery in demand within the construction and small agriculture segments, despite ongoing challenges in the global large agriculture industry [1][1][1] Future Outlook - Deere anticipates that 2023 could mark the bottom of the current cycle, with expectations for stronger sales growth in 2027 and beyond [1][1][1] - Sales from the Production & Precision Agriculture segment are projected to decline by 5% to 10%, while small agriculture and construction sales are expected to rise by approximately 15% [1][1][1]

Company Performance - Deer has achieved a record high in share price following strong earnings that exceeded estimates, with profits in the construction business more than doubling [1] - The company raised its net income guidance to between $4.5 billion and $5 billion, indicating positive growth expectations [1] - Deer CEO expressed confidence that 2026 will mark the bottom of the current cycle, suggesting a bullish outlook for the company [1] Market Trends - The S&P index has outperformed the broader market and the industrial sector, with a growth of 29.7% compared to 27% for the industrial sector [2] - The heavy machinery and agricultural equipment sector has seen significant growth since the beginning of 2026, indicating increased demand for construction equipment [2][3] Technological Advancements - The integration of AI in farming equipment, such as autonomous tractors and weed detection systems, is creating major disruptions in the industry [3][4] - These technological advancements are addressing labor shortages in difficult jobs, potentially benefiting companies like Deer [4] Technical Analysis - Deer’s stock has shown a sharp upward trend, with a significant price movement above $532, leading to an intraday high of $674.19 [5] - The stock's moving averages indicate a strong bullish trend, with the 5-day EMA around $617 and the monthly EMA significantly lower at $571 [8][9] - The RSI has moved back above the green trend line, indicating further bullish momentum as it re-enters the overbought territory [9] Options Activity - There was a notable increase in options volume for Deer, with five times the five-day moving average observed, indicating heightened trader interest [12] - The expected price movement for Deer is around 8% over the next 29 days, reflecting market volatility [14]

Should You Run With Deere After Big Beat-and-Raise Quarter? - 24/7 Wall St.[S&P 5006,842.20 -0.56%][Dow Jones49,245.00 -0.83%][Nasdaq 10024,729.40 -0.63%][Russell 20002,642.68 -0.59%][FTSE 10010,638.20 -0.67%][Nikkei 22556,868.00 -1.18%][Stock Market Live February 19, 2026: S&P 500 (SPY) Slips on Walmart Outlook][Investing]# Should You Run With Deere After Big Beat-and-Raise Quarter?### Quick ReadDeere ([DE]) beat Q1 expectations with equipment sales of $8B, up 17.5%. Deere raised full-year net income guida ...

Economic Indicators - Initial Jobless Claims reported at 206K, below the expected 223K and the revised 229K from the previous week, marking the lowest level since early January [2] - Continuing Claims increased slightly to 1.869 million from the revised 1.852 million, still historically low but higher than previous weeks [3] - U.S. Trade Deficit widened to -$70.3 billion, significantly worse than the expected -$56.0 billion, although it remains lower than the levels seen in March of last year [4] - Retail Inventories remained flat for December, down from the expected +0.1%, while Wholesale Inventories met expectations at +0.2% [5] - Philly Fed manufacturing index reached 16.3 for February, doubling expectations and marking the highest level since September of last year [6] Company Earnings - Walmart reported Q4 earnings of 74 cents, beating expectations by a penny, with revenues of $190.66 billion, up year over year and exceeding expectations by +0.32% [7] - John Deere reported fiscal Q1 earnings of $2.42 per share on $8 billion in revenues, surpassing estimates by +26% and +5.2% respectively, with full-year guidance raised [9] - Etsy's Q4 earnings beat expectations by 4 cents at 92 cents per share, with revenues of $881.64 million slightly ahead of forecasts, leading to a +21.23% increase in shares during early trading [10]

Key Takeaways Deere's Q1 EPS was $2.42, beating estimates; equipment sales rise 17.5% y/y.DE gross profit slips 2.9% as tariffs and higher costs weigh on margins.Deere raises the FY26 net income view to $4.5-$5B; expects mixed segment sales trends.Deere & Company (DE) has reported first-quarter fiscal 2026 (ended Feb. 1, 2026) earnings of $2.42 per share, beating the Zacks Consensus Estimate of $1.92. However, the bottom line fell 24% from the prior-year quarter.Net sales of equipment operations (comprising ...

Economic Indicators - Initial Jobless Claims reported at 206K, below the expected 223K and the revised previous week’s 229K, marking the lowest level since early January [2] - Continuing Claims increased slightly to 1.869 million from the revised 1.852 million, still historically low compared to the range of 1.90-1.98 million seen in 2025 [3] - U.S. Trade Deficit widened to -$70.3 billion, significantly worse than the expected -$56.0 billion, although it is about half of the level from March of the previous year [4] - Retail Inventories remained flat for December, down from the expected +0.1% but improved from the previous month’s -0.5% [5] - Philly Fed manufacturing index reached 16.3 for February, doubling expectations and marking the highest level since September of the previous year [6] Company Earnings - Walmart (WMT) reported Q4 earnings of 74 cents per share, beating expectations by a penny, with revenues of $190.66 billion, up year-over-year and exceeding expectations by +0.32% [9] - John Deere & Co. (DE) posted Q1 earnings of $2.42 per share on revenues of $8 billion, surpassing estimates by +26% and +5.2% respectively, with full-year guidance raised [11] - Etsy (ETSY) reported Q4 earnings of 92 cents per share, beating expectations by 4 cents, with revenues of $881.64 million slightly ahead of forecasts, leading to a +21.23% increase in shares during early trading [12]

来源：滚动播报 迪尔公司高管表示，随着这一年的推进，公司有机会提高一些市场份额。 ...

Deere & Company (NYSE:DE) Q1 2026 Earnings call February 19, 2026 10:00 AM ET Company ParticipantsChris Seibert - Manager, Investor CommunicationsJosh Beal - Director of Investor RelationsJosh Jepsen - Chief Financial OfficerRyan Campbell - President, Worldwide Construction, Forestry, and Power SystemsConference Call ParticipantsAngel Castillo - AnalystChad Dillard - AnalystDavid Raso - AnalystEvan McCall - AnalystJairam Nathan - AnalystJamie Cook - Research AnalystKristen Owen - AnalystMike Shlisky - Analy ...

Deere & Company (NYSE:DE) Q1 2026 Earnings call February 19, 2026 10:00 AM ET Company ParticipantsChris Seibert - Manager, Investor CommunicationsJosh Beal - Director of Investor RelationsJosh Jepsen - Chief Financial OfficerRyan Campbell - President, Worldwide Construction, Forestry, and Power SystemsConference Call ParticipantsAngel Castillo - AnalystChad Dillard - AnalystDavid Raso - AnalystEvan McCall - AnalystJairam Nathan - AnalystJamie Cook - Research AnalystKristen Owen - AnalystMike Shlisky - Analy ...

Financial Data and Key Metrics Changes - Net sales and revenues increased by 13% to $9.611 billion, while net sales for equipment operations rose by 18% to $8.001 billion [7] - Net income attributable to the company was $656 million, or $2.42 per diluted share [7] - The operating margin for equipment operations was reported at 5.9% [5] Business Segment Data and Key Metrics Changes - Production and Precision Ag segment net sales were $3.163 billion, up 3% year-over-year, with an operating margin of 4.4% [7][9] - Small Ag and Turf segment net sales increased by 24% to $2.168 billion, with an operating margin of 9% [9] - Construction and Forestry segment net sales rose by approximately 34% to $2.67 billion, with an operating margin of 5.1% [13][14] Market Data and Key Metrics Changes - The large ag equipment industry in the U.S. and Canada is expected to decline by 15%-20% this year, while small ag and turf demand estimates remain flat to up 5% [10][11] - In South America, industry sales of tractors and combines are projected to decrease by approximately 5% [12] - The construction equipment market in the U.S. and Canada is expected to grow by around 5% year-over-year [14] Company Strategy and Development Direction - The company aims to maintain production in line with retail demand and has seen improvements in order activity across various segments [30][31] - Investments in new product launches and technology enhancements are prioritized to meet market demands and improve operational efficiency [34][38] - The acquisition of Tenna is expected to enhance the company's capabilities in optimizing fleet operations and job site management [37] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about stabilization in the agricultural market, supported by government programs and improved commodity prices [22][24] - The company anticipates mid-single-digit net sales growth for equipment operations in fiscal 2026, reflecting a positive outlook despite challenges in certain markets [6][21] - The management highlighted the importance of maintaining high levels of investment throughout the cycle to position for future growth [41] Other Important Information - The company returned nearly $750 million in cash to shareholders through dividends and share repurchases, demonstrating strong financial performance [42] - The effective tax rate for fiscal year 2026 is projected to be between 25% and 27% [17] Q&A Session Summary Question: Pricing expectations for PPA and C&F segments - Management indicated that pricing for large ag is expected to maintain a positive realization for the full year, despite some incentives in South America [49][50] - C&F pricing was slightly negative in Q1, but management remains confident in future price realization [51][52] Question: Order strength in C&F segment - Management noted that contractor confidence is high, with strength in larger projects driving order activity [56][58] Question: Headwinds affecting forecasts - Management acknowledged mixed conditions in the market, particularly in housing, but overall remains optimistic about growth [62] Question: Large ag order book dynamics - The order book for large ag is showing stability, with some improvement in order velocity, although the industry outlook remains cautious [70][72] Question: Tariff impacts and potential relief - Management discussed the ongoing tariff costs and the uncertainty surrounding potential relief, indicating a cautious approach to pricing adjustments [92][93]