Deere Q2 Beats Estimates; Analysts Probe Pricing and Tariffs

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

Deere & Company reported second-quarter results that beat analyst expectations, with revenue of $12.61 billion versus estimates of $12.43 billion and adjusted EPS of $5.10 versus $4.68, representing a 9% beat. The company's operating margin improved to 15.3% from 13% in the same quarter last year. During the earnings call, analysts from Truist, JPMorgan, Oppenheimer, Raymond James, and Morgan Stanley questioned management on early order program pricing, tariff impacts, inventory build, technology mix, and right-to-repair implications. CFO Christopher Seibert noted that lower tariff expense resulted from policy changes, but next year will see higher direct tariff costs as refunds decline. President Deanna Kovar said early order program results are up mid-single digits year over year, and retail activity is on pace with expectations. The stock rose to $637.27 from $580.63 just before the earnings release.

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Q2 earnings and EPS beat estimates, with improved operating margin.

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