Deere falls on lower FY26 profit forecast
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
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