Deere's Earnings Downturn Seen Ending in 2026 Ahead of 2027 Recovery, UBS Says

MT Newswires Live10-17

Deere's (DE) prolonged earnings downturn is expected to end in 2026, followed by a recovery in 2027, UBS Securities said in a Friday research report.

Agriculture fundamentals are close to bottoming out, and a positive inflection in the company's earnings could begin to be priced in over 2026. Margins could increase by 270 basis points in fiscal 2027, driven by expected robust retail demand for larger agricultural machinery, analysts wrote.

Tractor sales are expected to reach trough levels by 2025-end, while a rebound in US nonresidential construction in the second half of 2026 will support the company's construction and forestry segment. Further inventory reductions in 2026 will also support production upside in 2027, according to the note.

UBS said it raised its fiscal 2027 and 2028 EPS estimates to $23.20 and $26.20, respectively, from $22.75 and $25 earlier, reflecting higher sales and margins. The brokerage cut its fiscal 2026 EPS guidance to $17.90 from $20, which reflects a "pushout of the recovery" in the agriculture cycle.

The firm upgraded the stock to buy from neutral and adjusted its price target to $535 per share from $545.

Price: 457.69, Change: +0.53, Percent Change: +0.12

免责声明：本文观点仅代表作者个人观点，不构成本平台的投资建议，本平台不对文章信息准确性、完整性和及时性做出任何保证，亦不对因使用或信赖文章信息引发的任何损失承担责任。

精彩评论

我们需要你的真知灼见来填补这片空白

发表看法

{"i18n":{"language":"zh_CN"},"isChannel":false,"data":{"share":"https://www.laohu8.com/m/news/2576052157?lang=zh_CN&edition=full","thumbnail":"","is_english":true,"pubTime":"2025-10-17 23:49","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2576052157","market":"sg","top_or_hot":-1,"title":"Deere's Earnings Downturn Seen Ending in 2026 Ahead of 2027 Recovery, UBS Says","media":"MT Newswires Live","content":"<html><body><p> Deere's (DE) prolonged earnings downturn is expected to end in 2026, followed by a recovery in 2027, UBS Securities said in a Friday research report.</p><p>Agriculture fundamentals are close to bottoming out, and a positive inflection in the company's earnings could begin to be priced in over 2026. Margins could increase by 270 basis points in fiscal 2027, driven by expected robust retail demand for larger agricultural machinery, analysts wrote.</p><p>Tractor sales are expected to reach trough levels by 2025-end, while a rebound in US nonresidential construction in the second half of 2026 will support the company's construction and forestry segment. Further inventory reductions in 2026 will also support production upside in 2027, according to the note.</p><p>UBS said it raised its fiscal 2027 and 2028 EPS estimates to $23.20 and $26.20, respectively, from $22.75 and $25 earlier, reflecting higher sales and margins. The brokerage cut its fiscal 2026 EPS guidance to $17.90 from $20, which reflects a \"pushout of the recovery\" in the agriculture cycle.</p><p>The firm upgraded the stock to buy from neutral and adjusted its price target to $535 per share from $545.</p><p>Price: 457.69, Change: +0.53, Percent Change: +0.12</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Deere's Earnings Downturn Seen Ending in 2026 Ahead of 2027 Recovery, UBS Says</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDeere's Earnings Downturn Seen Ending in 2026 Ahead of 2027 Recovery, UBS Says\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2025-10-17 23:49</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> Deere's (DE) prolonged earnings downturn is expected to end in 2026, followed by a recovery in 2027, UBS Securities said in a Friday research report.</p><p>Agriculture fundamentals are close to bottoming out, and a positive inflection in the company's earnings could begin to be priced in over 2026. Margins could increase by 270 basis points in fiscal 2027, driven by expected robust retail demand for larger agricultural machinery, analysts wrote.</p><p>Tractor sales are expected to reach trough levels by 2025-end, while a rebound in US nonresidential construction in the second half of 2026 will support the company's construction and forestry segment. Further inventory reductions in 2026 will also support production upside in 2027, according to the note.</p><p>UBS said it raised its fiscal 2027 and 2028 EPS estimates to $23.20 and $26.20, respectively, from $22.75 and $25 earlier, reflecting higher sales and margins. The brokerage cut its fiscal 2026 EPS guidance to $17.90 from $20, which reflects a \"pushout of the recovery\" in the agriculture cycle.</p><p>The firm upgraded the stock to buy from neutral and adjusted its price target to $535 per share from $545.</p><p>Price: 457.69, Change: +0.53, Percent Change: +0.12</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0345780950.USD","symbol_name":"NINETY ONE GSF GLOBAL NATURAL RESOURCES \"A\" (USD) ACC","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2576052157","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2576052157","pubTimestamp":1760716155,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Deere's  prolonged earnings downturn is expected to end in 2026, followed by a recovery in 2027, UBS Securities said in a Friday research report.Agriculture fundamentals are close to bottoming out, and a positive inflection in the company's earnings could begin to be priced in over 2026. Margins could increase by 270 basis points in fiscal 2027, driven by expected robust retail demand for larger agricultural machinery, analysts wrote.Tractor sales are expected to reach trough levels by 2025-end, while a rebound in US nonresidential construction in the second half of 2026 will support the company's construction and forestry segment. Further inventory reductions in 2026 will also support production upside in 2027, according to the note.UBS said it raised its fiscal 2027 and 2028 EPS estimates to $23.20 and $26.20, respectively, from $22.75 and $25 earlier, reflecting higher sales and margins. The brokerage cut its fiscal 2026 EPS guidance to $17.90 from $20, which reflects a \"pushout of ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0345780950.USD":"NINETY ONE GSF GLOBAL NATURAL RESOURCES \"A\" (USD) ACC","LU0289960550.SGD":"AB FCP I - GLOBAL EQUITY BLEND PORTFOLIO 'A' (SGD) ACC","LU1974910355.USD":"Allianz Thematica Cl AMg DIS USD","LU0511384066.AUD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"A\" (AUDHDG) ACC","LU0868494617.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD) ACC","IE00BD6J9T35.USD":"NEUBERGER BERMAN NEXT GENERATION MOBILITY \"A\" (USD) ACC","LU1064131342.USD":"Fullerton Lux Funds - Global Absolute Alpha A Acc USD","LU0477156953.USD":"HARRIS ASSOCIATES US VALUE EQUITY \"RE\" (USD) ACC","BK4152":"农用农业机械","LU0980610538.SGD":"Natixis Harris Associates US Equity RA SGD-H","IE0004445239.USD":"JANUS HENDERSON US FORTY \"A2\" (USD) ACC","LU1988902786.USD":"FULLERTON LUX FUNDS GLOBAL ABSOLUTE ALPHA \"I\" (USD) ACC","LU0385154629.USD":"贝莱德营养科学基金A2","IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","DE":"迪尔股份有限公司","BK4588":"碎股","LU0175139822.USD":"AB FCP I Global Equity Blend A USD","SG9999002521.SGD":"United Global Resources A Acc SGD","LU2211817866.USD":"Allianz Food Security AT Acc USD","LU0630314457.HKD":"NINETY ONE GSF GLOBAL NATURAL RESOURCES \"A\" (HKD) ACC","IE00BZ199S13.USD":"BNY MELLON MOBILITY INNOVATION \"B\" (USD) ACC","LU2023250504.SGD":"Allianz Thematica Cl AMg DIS H2-SGD","LU2023250843.SGD":"Allianz Thematica Cl AT Acc H2-SGD","LU1861219969.SGD":"Blackrock Future of Transport A2 SGD-H","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","LU2491049909.HKD":"WELLINGTON SUSTAINABLE OUTCOMES \"A\" (HKD) ACC","LU1917777945.USD":"安联专题基金Cl AT Acc","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","LU2491050071.SGD":"WELLINGTON SUSTAINABLE OUTCOMES \"A\" (SGDHDG) ACC","SGXZ23171101.USD":"NIKKO AM SHENTON GLOBAL OPPORTUNITIES (USD) ACC","LU0289961442.SGD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"AX\" (SGD) ACC","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU1989763690.USD":"东方汇理世代食品基金A2 Acc","LU0868494708.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD) INC","LU1548497426.USD":"安联环球人工智能AT Acc","LU1718418525.SGD":"JPMorgan Investment Funds - Global Select Equity A (acc) SGD","LU0942090050.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD)  INC","LU2264538146.SGD":"Fullerton Lux Funds - Global Absolute Alpha A Acc SGD","LU2491050154.USD":"WELLINGTON SUSTAINABLE OUTCOMES \"A\" (USD) ACC","LU1989763427.SGD":"CPR Invest - Food For Generations A2 Acc SGD-H","LU2106854487.HKD":"ALLIANZ THEMATICA \"AMG\" (HKD) INC","LU0312595415.SGD":"Schroder ISF Global Climate Change Equity A Acc SGD","GB00BDT5M118.USD":"天利环球扩展Alpha基金A Acc","BK4585":"ETF&股票定投概念","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","LU0130517989.USD":"HARRIS ASSOCIATES US VALUE EQUITY \"R\" INC","LU1201861249.SGD":"Natixis Harris Associates US Equity PA SGD-H","LU0471298777.SGD":"Blackrock Nutrition A2 SGD-H","LU0323240290.USD":"HSBC GIF GLOBAL EQUITY CLIMATE CHANGE \"AD\" INC","SG9999011175.SGD":"Nikko AM Global Dividend Equity Dis SGD-H"},"translate_title":"瑞银表示，Deere的盈利低迷预计将于2026年结束，2027年复苏","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"DE":1},"content_text":"Deere's (DE) prolonged earnings downturn is expected to end in 2026, followed by a recovery in 2027, UBS Securities said in a Friday research report.Agriculture fundamentals are close to bottoming out, and a positive inflection in the company's earnings could begin to be priced in over 2026. Margins could increase by 270 basis points in fiscal 2027, driven by expected robust retail demand for larger agricultural machinery, analysts wrote.Tractor sales are expected to reach trough levels by 2025-end, while a rebound in US nonresidential construction in the second half of 2026 will support the company's construction and forestry segment. Further inventory reductions in 2026 will also support production upside in 2027, according to the note.UBS said it raised its fiscal 2027 and 2028 EPS estimates to $23.20 and $26.20, respectively, from $22.75 and $25 earlier, reflecting higher sales and margins. The brokerage cut its fiscal 2026 EPS guidance to $17.90 from $20, which reflects a \"pushout of the recovery\" in the agriculture cycle.The firm upgraded the stock to buy from neutral and adjusted its price target to $535 per share from $545.Price: 457.69, Change: +0.53, Percent Change: +0.12","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"deviceId":"web-server-community-laohu8-v3","version":"4.35.12","shortVersion":"4.35.12","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2576052157","isCrawlerRequest":true}