Deere rises after Q2 earnings beat estimates

ReutersMay 15, 2025 1:57 PM

Agricultural-equipment maker Deere & Co's DE.N shares up 5% at $521

Co posts Q2 adj. EPS of $6.64 vs analysts' avg. estimates of $5.58, according to data compiled by LSEG

DE posts Q2 revenue of $11.2 bln vs estimates of $10.8 bln

However, co cuts annual net income forecast to $4.75 bln -$5.5 bln from prior view of $5 bln to $5.5 bln over softer demand for tractors, with farmers opting to rent machines instead

Ten of 24 brokerages rate stock "buy" or higher, 13 "hold" and one "sell"; their median PT is $500 - LSEG data

Including session's moves, shares up 22.5% YTD

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