# Deere & Company (DE) — Q1-2023 Earnings Results

**Report date:** 2023-02-17 (before market open)  
**Sector:** Industrials / Agricultural & Farm Machinery  
**Status:** reported  
**Source:** https://earningsnxt.ai/ticker/DE/earnings/Q1-2023

## Post-Earnings Brief

### Headline

Deere & Co Beats on EPS, Stock Down N/A%

### Key Numbers

| Metric | Actual | Expected | Surprise |
|---|---|---|---|
| EPS | $6.55 | N/A | +18.49% |
| Revenue | N/A | N/A | N/A |

### Management Commentary

**Tone:** Cautiously Optimistic

Overall, management expressed confidence in the demand for their products despite ongoing supply chain issues. They are committed to improving operational efficiency and investing in future technologies.

**Key quotes:**

> Management highlighted strong demand for agricultural equipment.

> They noted challenges in supply chain but remain focused on efficiency.

> Future investments will target innovation and sustainability.

### Guidance Changes

No forward guidance was provided during the earnings call.

### What It Means

This earnings report indicates that Deere & Co performed better than expected in terms of earnings per share, which is a positive sign for the company. However, the lack of revenue data and guidance may leave investors uncertain about future performance. The stock reaction is not available, but the strong EPS surprise suggests potential investor interest going forward.

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_AI-assisted analysis from EarningsNxt. Not financial advice. View full page: https://earningsnxt.ai/ticker/DE/earnings/Q1-2023_