AGCO

Deere & Company DE reported second-quarter fiscal 2026 (ended May 3, 2026) earnings of $6.55 per share, beating the Zacks Consensus Estimate of $5.81. However, the bottom line fell 1.4% from the prior-year quarter. Net sales from Deere’s equipment operations were $11.78 billion in second-quarter fiscal 2026, up 5.4% from the year-ago quarter’s $11.17 billion, reflecting solid execution in Small Ag & Turf and Construction & Forestry. The top-line beat the Zacks Consensus Estimate of $11.44 billion. Total net sales and revenues (including Financial Services and other income) rose 5% year over year to $13.37 billion. Top-line growth was driven by higher shipment volumes and favorable currency translation in key segments, partly offset by softer Production & Precision Ag volumes and higher production costs. Deere & Company price-consensus-eps-surprise-chart | Deere & Company Quote On a consolidated basis, cost of sales increased 8.6% year over year to $8.27 billion, outpacing the 5% rise in net sales. Research and development expenses grew 6.2% to $583 million, while selling, administrative and general expenses inched up 1% to $1.21 billion.Total operating profit decreased 3.1% year over year to $2.237 billion. The Production & Precision Agriculture segment’s net sales declined 14% year over year to $4.50 billion due to lower shipment volumes, partially offset by favorable foreign currency translation. Segment operating profit fell 39% from the year-ago quarter to $706 million, reflecting lower shipment volumes and higher production costs, partially offset by favorable foreign currency exchange.Small Agriculture & Turf net sales increased 16% year over year to $3.49 billion on higher shipment volumes and favorable foreign currency translation. Operating profit rose 25% year over year to $719 million, driven mainly by higher shipment volumes and favorable price realization.Construction & Forestry net sales were $3.79 billion, up 29% year over year, primarily on higher shipment volumes and favorable foreign currency translation. Operating profit improved 48% year over year to $561 million, aided by higher shipment volumes and favorable price realization, partially offset by higher production costs.Revenues in Deere’s Financial Services division were $1.37 billion in the quarter, down 1% year over year. The segment’s operating profit increased 21% year over year to...

For its fiscal second quarter, Deere reports earnings per share of $6.55. Wall Street was looking for $5.70.

Track your investments for FREE with Simply Wall St, the portfolio command center trusted by over 7 million individual investors worldwide. AGCO (AGCO) just reported first quarter 2026 results that showed higher sales and net income year on year, with management pointing to disciplined production planning, cost controls, and stronger contributions from high value product categories. See our latest analysis for AGCO. Despite the stronger first quarter, AGCO’s recent share price performance has been soft, with the stock down 18.29% on a 90 day share price return while the 1 year total shareholder return is 6.73%. This suggests short term momentum is fading against a modest longer term gain. If AGCO’s mix of machinery, technology and capital allocation has caught your attention, it can be useful to compare it with other equipment and automation players using our 34 robotics and automation stocks With AGCO stock down 18.29% over 90 days but still showing a 6.73% 1 year total return, plus a reported intrinsic discount of 31.85%, is the recent weakness a genuine entry point, or is the market already pricing in future growth? Against a last close of $113.17, the most followed narrative pegs AGCO’s fair value at $128.57, framing today’s price as a discount that hinges on specific growth and margin assumptions. Read the complete narrative. Want to see what kind of revenue path and margin rebuild is baked into that fair value, and how it ties to future earnings power? The full narrative lays out a detailed earnings bridge, the implied profit mix between equipment and retrofit technology, and the valuation multiple required to get from here to there. Result: Fair Value of $128.57 (UNDERVALUED) Have a read of the narrative in full and understand what's behind the forecasts. However, this depends on demand holding up in key markets and on Europe tariff costs not cutting more deeply into margins than analysts currently include in their models. Find out about the key risks to this AGCO narrative. With mixed signals across valuation, recent returns, and the balance between risks and rewards, it may be useful to act promptly and test the narrative against your own expectations using our breakdown of 4 key rewards and 1 important warning sign If you stop at AGCO, you could miss other compelling setups the screener is already highlighting. Consider widening your search and pre...

Deere & Company DE is scheduled to report second-quarter fiscal 2026 results on May 21 before the opening bell.The Zacks Consensus Estimate for Deere’s earnings has been unchanged over the past 60 days at $5.81 per share. The consensus mark implies a 12.5% plunge from the year-ago actual. The consensus estimate for revenues is pegged at $11.4 billion, indicating a 2.3% year-over-year increase. Image Source: Zacks Investment Research Deere’s earnings beat the Zacks Consensus Estimates in three of the trailing four quarters and missed in one, the average surprise being 11.2%. Image Source: Zacks Investment Research Our model does not predict an earnings beat for DE this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. That is not the case here.Earnings ESP: The Earnings ESP for Deere is -8.26%. You can uncover the best stocks before they are reported with our Earnings ESP Filter.Zacks Rank: Deere currently has a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Deere has been facing challenges due to weak farmer spending amid low commodity prices. In the wake of challenging conditions in the global agricultural and construction sectors, DE has been aligning its production with demand levels. This is likely to have weighed on the company’s fiscal second-quarter performance. High production expenses are also likely to have impacted the company’s margin in the quarter.Nevertheless, favorable price realization is expected to have negated some of these headwinds, as seen in the fiscal first quarter. The Zacks Consensus Estimate for the Production & Precision Agriculture segment’s revenues is pegged at $4.51 billion for the fiscal second quarter, suggesting a year-over-year decrease of 13.7%. Gains from price realization are likely to have been offset by escalated production expenses and lower shipment volumes. The Zacks Consensus Estimate for the segment’s operating profit is pegged at $719 million, indicating a 37.6% decrease from the prior-year quarter’s reported figure.The consensus estimate for the Small Agriculture & Turf segment’s revenues is pegged at $3.42 billion for the fiscal second quarter, implying a 14% increase from the prior-year quarter’s actual. The segment’s operating profit is estimated at $596 million, s...

AGCO’s first quarter results were marked by a sharp year-on-year improvement in sales and operating margin, yet the market reacted negatively, reflecting investor concerns around persistent headwinds in key regions. Management attributed the quarter’s outperformance to disciplined production planning, ongoing cost optimization, and gains in high-value product categories. CEO Eric Hansotia emphasized that “operating income increased more than 60% year-over-year,” citing effective execution despite uneven demand across North America, Europe, and Latin America. CFO Damon Audia noted that recent actions to streamline operations and align inventories have strengthened the company’s resilience through the cycle. Is now the time to buy AGCO? Find out in our full research report (it’s free). Revenue: $2.34 billion vs analyst estimates of $2.26 billion (14.3% year-on-year growth, 3.8% beat) EPS (GAAP): $0.76 vs analyst estimates of $0.40 (90.3% beat) Adjusted EBITDA: $191 million vs analyst estimates of $169.4 million (8.2% margin, 12.8% beat) The company slightly lifted its revenue guidance for the full year to $10.6 billion at the midpoint from $10.55 billion EPS (GAAP) guidance for the full year is $6 at the midpoint, beating analyst estimates by 5.4% Operating Margin: 3.4%, up from 2.4% in the same quarter last year Market Capitalization: $8.60 billion While we enjoy listening to the management's commentary, our favorite part of earnings calls are the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention. Jamie Cook (Truist): asked about regional losses and pricing discipline; CFO Damon Audia explained North America would remain at a negative margin due to tariffs, while Latin America could approach breakeven by year-end, with pricing strength mainly in North America and Europe. Kristen Owen (Oppenheimer): questioned the bridge between Q1 outperformance and updated guidance; Audia detailed the interplay of tariff headwinds, softer volumes in Latin America, increased freight costs, and restructuring savings, concluding these factors net to the revised outlook. Peter Kalanarian (Baird): inquired about European demand durability and margin trajectory; CEO Eric Hansotia described regional crop cycles and fertilizer cost uncertaint...

AGCO Corporation's (NYSE:AGCO) recent earnings report didn't offer any surprises, with the shares unchanged over the last week. We did some digging, and we think that investors are missing some encouraging factors in the underlying numbers. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. Importantly, our data indicates that AGCO's profit was reduced by US$101m, due to unusual items, over the last year. It's never great to see unusual items costing the company profits, but on the upside, things might improve sooner rather than later. When we analysed the vast majority of listed companies worldwide, we found that significant unusual items are often not repeated. And that's hardly a surprise given these line items are considered unusual. If AGCO doesn't see those unusual expenses repeat, then all else being equal we'd expect its profit to increase over the coming year. That might leave you wondering what analysts are forecasting in terms of future profitability. Luckily, you can click here to see an interactive graph depicting future profitability, based on their estimates. Having already discussed the impact of the unusual items, we should also note that AGCO received a tax benefit of US$75m. This is of course a bit out of the ordinary, given it is more common for companies to be paying tax than receiving tax benefits! Of course, prima facie it's great to receive a tax benefit. And given that it lost money last year, it seems possible that the benefit is evidence that it now expects to find value in its past tax losses. However, the devil in the detail is that these kind of benefits only impact in the year they are booked, and are often one-off in nature. Assuming the tax benefit is not repeated every year, we could see its profitability drop noticeably, all else being equal. While we think it's good that the company has booked a tax benefit, it does mean that there's every chance the statutory profit will come in a lot higher than it would be if the income was adjusted for one-off factors. In the last year AGCO received a tax benefit, which boosted its profit in a way that might not be much more sustainable than turning prime farmland into gas fields. But on the other hand, it also saw an unusual it...

AGCO Corporation (NYSE:AGCO) defied analyst predictions to release its quarterly results, which were ahead of market expectations. It was overall a positive result, with revenues beating expectations by 2.9% to hit US$2.3b. AGCO also reported a statutory profit of US$0.76, which was an impressive 91% above what the analysts had forecast. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. So we collected the latest post-earnings statutory consensus estimates to see what could be in store for next year. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. Taking into account the latest results, the current consensus from AGCO's 15 analysts is for revenues of US$10.6b in 2026. This would reflect a modest 2.0% increase on its revenue over the past 12 months. Statutory earnings per share are forecast to plummet 46% to US$5.71 in the same period. Before this earnings report, the analysts had been forecasting revenues of US$10.5b and earnings per share (EPS) of US$5.69 in 2026. The consensus analysts don't seem to have seen anything in these results that would have changed their view on the business, given there's been no major change to their estimates. View our latest analysis for AGCO It will come as no surprise then, to learn that the consensus price target is largely unchanged at US$128. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. The most optimistic AGCO analyst has a price target of US$152 per share, while the most pessimistic values it at US$102. There are definitely some different views on the stock, but the range of estimates is not wide enough as to imply that the situation is unforecastable, in our view. Taking a look at the bigger picture now, one of the ways we can understand these forecasts is to see how they compare to both past performance and industry growth estimates. For example, we noticed that AGCO's rate of growth is expected to accelerate meaningfully, with revenues forecast to exhibit 2.7% growth to the end of 2026 on an annualised basis. That is well above its historical decline of 0.2% a year over the past five years. Compare th...

Image source: The Motley Fool. Tuesday, May 5, 2026 at 10 a.m. ET Chairman, President and Chief Executive Officer — Eric Hansotia Senior Vice President and Chief Financial Officer — Damon Audia Vice President, Investor Relations — Greg Peterson Greg Peterson: Thanks, and good morning. Welcome to those of you joining us for AGCO's First Quarter 2026 Earnings Call. We will refer to a slide presentation this morning that is posted on our website at www.agcocorp.com. The non-GAAP measures used in the slide presentation are reconciled to GAAP measures in the appendix of the presentation. . We'll make forward-looking statements this morning, including statements about our strategic plans and initiatives as well as our financial impacts. We'll address demand, product development and capital expenditure plans and timing of those plans, and our expectations concerning the costs and benefits of those plans and timing of those benefits. We'll also cover future revenue, crop production and farm income production levels, price levels, margins, earnings, operating income, cash flow, engineering expense, tax rates and other financial metrics. All of these forward-looking statements are subject to risks that could cause actual results to differ materially from those suggested by the statements. These risks are further described in the safe harbor included on Slide 2 in the accompanying presentation. Actual results could differ materially from those suggested in these statements. Further information concerning these and other risks is included in AGCO's filings with the SEC, including its Form 10-K for the year ended December 31, 2025, and subsequent Form 10-Q filings. AGCO disclaims any obligation to update any forward-looking statements, except as required by law. We will make a replay of this call available on our corporate website later today. On the call with me this morning is Eric Hansotia, our Chairman, President and Chief Executive Officer; as well as Damon Audia, Senior Vice President and Chief Financial Officer. With that, Eric, please go ahead. Eric Hansotia: Thank you, Greg, and good morning, everyone. AGCO delivered very solid results in the first quarter, reflecting effective execution against our strategy and the growing impact of the actions we've taken over the recent years to streamline our cost structure. Net sales were approximately $2.3 billion, up 14%...

Strong Q1 showing and tightened 2026 outlook: Q1 net sales rose about 14% to ~$2.3 billion and operating income climbed to $80.7 million, with adjusted EPS more than doubling to $0.94; AGCO tightened full‑year net sales guidance to $10.5–$10.7 billion and targets adjusted EPS of roughly $6. Regional demand was mixed — Europe/Middle East delivered robust profitability (operating margins >16%) and unit growth, North America showed share gains but remained below breakeven due mainly to tariff costs and factory under‑absorption, and Latin America fell ~30% on a constant‑currency basis; management now expects about $135 million of tariff costs in 2026. Capital allocation and cash actions: AGCO sold its 49% stake in AGCO Finance for roughly $190 million, is initiating an additional $350 million of repurchases under its $1 billion authorization, raised the quarterly dividend to $0.30, and is targeting 75–100% free cash flow conversion of adjusted net income. Interested in AGCO Corporation? Here are five stocks we like better. These 2025 Outperformers Just Unlocked Buyback Fuel AGCO (NYSE:AGCO) reported higher sales and sharply improved earnings in the first quarter of 2026, with executives pointing to stronger European performance, ongoing cost actions and market share gains as the company navigates what it believes is the trough phase of the current cycle. Net sales were approximately $2.3 billion, up 14% year-over-year, while operating income rose more than 60% to $80.7 million, according to Chairman, President and CEO Eric Hansotia. Reported operating margin increased 100 basis points to 3.4%. On an adjusted basis, operating margin improved 50 basis points to 4.6%, which Hansotia said reflected “better volume leverage and ongoing benefits from business optimization initiatives,” partially offset by higher input costs including tariffs. → Roblox Stock Slides to New Low as Safety Changes Weigh on Outlook 12 Best Agriculture Stocks to Buy Now Adjusted EPS more than doubled to $0.94. Hansotia said the quarter highlighted the effect of “deliberate actions to simplify and focus our operations,” including a leaner cost structure, more disciplined production planning, and improved channel alignment. He added that dealer inventories improved during the quarter, which he said positioned AGCO to support customers while maintaining operational stability. Management describe...

Management attributes the 14% year-over-year sales growth to effective execution against a streamlined cost structure and a rebound in European production levels from a soft prior-year base. The company is operating under the framework that the industry is currently at the 'trough of the cycle,' with performance supported by a more durable earnings model that is less reliant on unit volumes. Strategic positioning is centered on three growth levers: high-margin products, technology-driven differentiation (Precision Ag), and a higher-value aftermarket business. Market dynamics reflect a 'measured and thoughtful' approach by farmers globally, influenced by high interest rates, input costs, and currency volatility, particularly affecting large equipment purchases. Operational focus has shifted toward 'Farmer Core' distribution, moving dealers from reactive to proactive service models to drive market share gains in North America. Management noted that while fleet ages are at peak levels, creating latent replacement demand, current macro uncertainty is causing farmers to sequence capital-intensive purchases cautiously. Full-year 2026 production hours are planned to be flat to modestly lower than 2025, reflecting a deliberate step-down to support dealer destocking and inventory alignment. The company assumes a gradual and uneven recovery rather than a near-term rebound, with global industry demand positioned at approximately 86% of mid-cycle levels. Guidance for 2026 includes pricing gains of 2% to 3%, which are expected to be more than offset by incremental tariff pressures and higher freight costs. Management targets a mid-cycle adjusted operating margin of 14% to 15%, supported by structural portfolio improvements and a run-rate of over $200 million in cost savings. Free cash flow conversion is projected at 75% to 100% of adjusted net income, maintaining financial flexibility for innovation and shareholder returns. Tariff costs are now expected to reach approximately $135 million in 2026, a $90 million increase from 2025, driven by new guidance on Section 232 and EPA-related rulings. AGCO is divesting its 49% equity interest in U.S. and Canadian finance joint ventures for $190 million to optimize regulatory capital and enhance financial flexibility. Geopolitical developments in the Middle East have added to a cautious environment for growers, particularly regard...

Johnson Controls International plc JCI is scheduled to release second-quarter fiscal 2026 (ended March 2026) financial numbers on May 6, before market open. The company’s earnings surpassed the Zacks Consensus Estimate in each of the trailing four quarters. The average surprise was 4.9%. In the last reported quarter, its earnings of 89 cents per share beat the consensus estimate of 84 cents by 6%. The consensus estimate for revenues is pegged at $6.1 billion, indicating an increase of 7.4% from the year-ago quarter’s figure. The consensus estimate for adjusted earnings is pinned at $1.12 per share, indicating an increase of 36.6% from the year-ago quarter’s figure. Solid demand for heating, ventilation and air conditioning (HVAC) platforms in data centers and strength in controls businesses are expected to have augmented the Americas segment’s performance. The Zacks Consensus Estimate for the segment’s revenues is pegged at $4.06 billion, indicating 39.1% growth from the year-ago figure. The Europe, the Middle East, and Africa (EMEA) segment is expected to have benefited from strength in the service, fire and security, and applied HVAC businesses. The consensus estimate for the segment’s revenues is pegged at $1.30 billion, indicating a 20% increase from the year-ago figure. Solid momentum in the service business and strength in the products and systems business are expected to have supported the performance of the Asia Pacific segment. The consensus estimate for the segment’s revenues is pegged at $679 million, reflecting an increase 25.3% year over year. However, rising operating expenses are expected to have weighed on Johnson Controls’ bottom line. Higher cost of sales and selling, general and administrative expenses are likely to have impacted its margins and profitability in the fiscal second quarter. JCI has considerable exposure to overseas markets. Given the company’s substantial international operations, foreign currency headwinds are likely to have marred its profitability. Johnson Controls International plc price-eps-surprise | Johnson Controls International plc Quote Our proven model predicts an earnings beat for Johnson Controls this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is the case here, as elaborated below. Earnings ESP: Johns...

Agco (AGCO) came out with quarterly earnings of $0.94 per share, beating the Zacks Consensus Estimate of $0.44 per share. This compares to earnings of $0.41 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +112.81%. A quarter ago, it was expected that this farm equipment maker would post earnings of $1.85 per share when it actually produced earnings of $2.17, delivering a surprise of +17.3%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. Agco, which belongs to the Zacks Manufacturing - Farm Equipment industry, posted revenues of $2.34 billion for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 1.71%. This compares to year-ago revenues of $2.05 billion. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Agco shares have added about 16.3% since the beginning of the year versus the S&P 500's gain of 5.2%. While Agco has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Agco was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. I...