Back to top

Zacks Industry Outlook Highlights: Deere, Caterpillar, CNH Global, AGCO and Toro

Read MoreHide Full Article

For Immediate Release


Chicago, IL – September 28, 2012 – Today, Zacks Equity Research discusses the U.S. Machinery, including Deere & Company (DE - Free Report) , Caterpillar Inc. (CAT - Free Report) , CNH Global NV , AGCO Corporation (AGCO - Free Report) and The Toro Company (TTC - Free Report) .



A synopsis of today’s Industry Outlook is presented below. The full article can be read at  




Deere & Company (DE - Free Report) was impressed with its record fiscal third quarter 2012 (ended July 31, 2012) results and fiscal 2012 outlook. Equipment sales rose 16%; and price realization contributed 5%.

The agricultural and forestry equipment provider is expanding globally to leverage benefits from the growing global farm industry. Fiscal year 2012 equipment sales are expected to grow 13% year over year, after netting out 3% unfavorable currency translation impact expected for the year. Net earnings are anticipated to be approximately $3.1 billion.

Caterpillar Inc. (CAT - Free Report) reported record results in the second quarter 2012. The company's Equipment sales improved 23% year over year. The company raised its 2012 profit per share expectation from $9.50 to $9.60 on better demand forecasts.

Italy-based CNH Global NV posted 3% or 9% (constant currency basis) year-over-year increase in its equipment sales -- agricultural and construction -- in the second quarter of 2012. Worldwide agricultural and construction equipment retail demand in 2012 is expected to be flat to down 5%.

Other top players in the agricultural, construction and mining industry include: AGCO Corporation (AGCO - Free Report) and The Toro Company (TTC - Free Report) , among others.




About Zacks is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leonard Zacks. As a PhD from MIT Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment

Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros at


Visit for information about the performance numbers displayed in this press release.


Follow us on Twitter:


Join us on Facebook:


Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.


Media Contact
Zacks Investment Research

800-767-3771 ext. 9339



In-Depth Zacks Research for the Tickers Above

Normally $25 each - click below to receive one report FREE:

Deere & Company (DE) - free report >>

Caterpillar Inc. (CAT) - free report >>

AGCO Corporation (AGCO) - free report >>

Toro Company (The) (TTC) - free report >>

More from Zacks Press Releases

You May Like