Deere Leads Q2 Agricultural Machinery Earnings as Six Stocks Report Mixed Results

Earnings
โดย Yahoo Finance·US·Read original
Summary · why it matters

Deere reported revenues of $12.61 billion, up 4.9% year on year, exceeding analysts' expectations by 1.4% on a strong quarter that included a beat of analysts' EPS estimates. Among the 6 agricultural machinery stocks tracked, group revenues came in line with analysts' consensus estimates while next quarter's revenue guidance was 6.3% below, and share prices have held steady, up 1.3% on average since the latest earnings results. Alamo reported revenues of $450.7 million, up 7.6% year on year, outperforming analysts' expectations by 3% and delivering the biggest analyst estimate beat of the whole group. AGCO reported revenues of $2.61 billion, flat year on year, falling short of analysts' expectations by 4.9% and posting the weakest full-year guidance update among its peers. The Toro Company reported revenues of $1.23 billion, up 8.4% year on year, beating analysts' expectations by 3% and scoring the fastest revenue growth in the group, while Titan International reported revenues of $484.8 million, up 5.2% year on year, surpassing analysts' expectations by 1% and delivering the highest full-year guidance raise among its peers.

Impact on stocks 5

Climate Adaptation & Water± Mixed · 3 stocks
AGCO Corporation
AGCO
▼ NegativeCapitalrelevance

AGCO revenues flat year on year and missed estimates by 4.9%, with the weakest full-year guidance among peers.

Deere & Company
DE
▲ PositiveCapitalrelevance

Deere revenues rose 4.9% year on year, beating revenue and EPS estimates.

Toro Co
TTC
▲ PositiveCapitalrelevance

Toro revenues rose 8.4% year on year, beating estimates by 3% with the fastest growth in the group.

Industrials▲ · 2 stocks
Alamo Group Inc
ALG
▲ PositiveCapitalrelevance

Alamo revenues rose 7.6% year on year, beating estimates by 3%, the biggest beat in the group.

Titan International Inc
TWI
▲ PositiveCapitalrelevance

Titan International revenues rose 5.2% year on year, beating estimates and posting the highest full-year guidance raise among peers.

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