Equity Profile

DE

Deere & Company

IndustrialsAgricultural & Farm Machinery$165.3B

Aug20Thu

Pre-Earnings Brief

UpcomingQ3-2026Pre-Market9:00 AM EDT

Company Snapshot

Deere & Company (DE) is a leading manufacturer of agricultural and farm machinery, playing a crucial role in the industrial sector. As global demand for food and sustainable farming practices grows, Deere's innovations in equipment and technology are increasingly important for farmers and agricultural businesses.

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of the company's profitability and financial health, influencing investor sentiment.

$4.67

Revenue

Revenue figures provide insight into the company's sales performance and market demand for its products.

$10.7B

Wall Street expectations, options signals, track record, and call prep available with Pro.

DE Q3-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

75%

Avg EPS Surprise

+10.05%

Avg Stock Reaction

+1.23%

Last Quarter Recap

In Q2 2026, Deere reported an EPS of $6.55, significantly exceeding expectations by 12.74%. However, the stock saw a decline of 5.19% the following day, indicating mixed investor reactions despite strong earnings.

Management Promises & Guidance

Expectations

Wall Street Expectations

Analysts are cautiously optimistic about Deere's upcoming earnings, with expectations for solid EPS and revenue growth. However, recent stock performance suggests that investors are wary of potential disappointments.

Bull Case

If Deere can meet or exceed the consensus estimates, it may indicate strong demand in the agricultural sector, potentially driving the stock higher.

Bear Case

Conversely, if the company fails to meet expectations, particularly in revenue, it could lead to a significant drop in stock price, as seen in previous quarters.

Key Metrics to Watch

Earnings Per Share (EPS)

$4.67

EPS is a key indicator of the company's profitability and financial health, influencing investor sentiment.

Revenue

$10.7B

Revenue figures provide insight into the company's sales performance and market demand for its products.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will Deere's EPS exceed the consensus estimate of $4.67?

A beat on EPS could signal strong operational performance and boost investor confidence.

What revenue figure will Deere report relative to the consensus of $10.7B?

Revenue performance is critical for understanding market demand and could influence stock movement significantly.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating Deere's ability to capitalize on increased agricultural demand, especially given recent trends in crop prices.

Supporting Evidence

Deere's strong EPS surprise in Q1 2026 suggests underlying strength that could carry into Q3.

Options pricing indicates a significant potential move, suggesting traders expect more volatility than usual.

The company's historical performance shows a tendency to exceed expectations, which may not be fully reflected in current estimates.

Key Risk

If revenue comes in below $10.3B, it could undermine the bullish narrative around demand.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating whether Deere can sustain its recent profitability amid potential economic headwinds.

Bull Confirmed If

An EPS of $4.75 or higher would confirm the bull case, indicating robust profitability.

Bear Confirmed If

An EPS below $4.33 would confirm the bear case, suggesting weaker than expected performance.

Pre-Earnings Positioning

Options Market

Implied Move

±13.86%

Historical Avg

±6.2%

Pricing rich

The options market is pricing in a substantial potential move, suggesting that traders expect significant volatility around the earnings report.

Options are pricing ±13.9% while DE has averaged ±6.2% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.3%

30d HV

33.1%

Calls (239K)P/C Ratio: 0.70Puts (125K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Deere beats expectations, history suggests the stock could rise by around 3.72%, confirming strong demand.

In-Line / Cautious

If results are in line with expectations, the stock may experience muted movement as investors await further guidance.

Miss

A miss on EPS could lead to a decline of about 6.22%, reflecting disappointment in performance.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on demand trends in the agricultural sector.
2Details on cost management and supply chain challenges.
3Insights into new product launches or technological advancements.
4Management's outlook on the global agricultural market.
5Any commentary on future guidance or market conditions.

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Company Snapshot

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of the company's profitability and financial health, influencing investor sentiment.

$4.67

Revenue

Revenue figures provide insight into the company's sales performance and market demand for its products.

$10.7B

Wall Street expectations, options signals, track record, and call prep available with Pro.

DE Q3-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

75%

Avg EPS Surprise

+10.05%

Avg Stock Reaction

+1.23%

Last Quarter Recap

Management Promises & Guidance

Expectations

Wall Street Expectations

Bull Case

If Deere can meet or exceed the consensus estimates, it may indicate strong demand in the agricultural sector, potentially driving the stock higher.

Bear Case

Conversely, if the company fails to meet expectations, particularly in revenue, it could lead to a significant drop in stock price, as seen in previous quarters.

Key Metrics to Watch

Earnings Per Share (EPS)

$4.67

EPS is a key indicator of the company's profitability and financial health, influencing investor sentiment.

Revenue

$10.7B

Revenue figures provide insight into the company's sales performance and market demand for its products.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will Deere's EPS exceed the consensus estimate of $4.67?

A beat on EPS could signal strong operational performance and boost investor confidence.

What revenue figure will Deere report relative to the consensus of $10.7B?

Revenue performance is critical for understanding market demand and could influence stock movement significantly.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating Deere's ability to capitalize on increased agricultural demand, especially given recent trends in crop prices.

Supporting Evidence

Deere's strong EPS surprise in Q1 2026 suggests underlying strength that could carry into Q3.

Options pricing indicates a significant potential move, suggesting traders expect more volatility than usual.

The company's historical performance shows a tendency to exceed expectations, which may not be fully reflected in current estimates.

Key Risk

If revenue comes in below $10.3B, it could undermine the bullish narrative around demand.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating whether Deere can sustain its recent profitability amid potential economic headwinds.

Bull Confirmed If

An EPS of $4.75 or higher would confirm the bull case, indicating robust profitability.

Bear Confirmed If

An EPS below $4.33 would confirm the bear case, suggesting weaker than expected performance.

Pre-Earnings Positioning

Options Market

Implied Move

±13.86%

Historical Avg

±6.2%

Pricing rich

The options market is pricing in a substantial potential move, suggesting that traders expect significant volatility around the earnings report.

Options are pricing ±13.9% while DE has averaged ±6.2% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.3%

30d HV

33.1%

Calls (239K)P/C Ratio: 0.70Puts (125K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Deere beats expectations, history suggests the stock could rise by around 3.72%, confirming strong demand.

In-Line / Cautious

If results are in line with expectations, the stock may experience muted movement as investors await further guidance.

Miss

A miss on EPS could lead to a decline of about 6.22%, reflecting disappointment in performance.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on demand trends in the agricultural sector.
2Details on cost management and supply chain challenges.
3Insights into new product launches or technological advancements.
4Management's outlook on the global agricultural market.
5Any commentary on future guidance or market conditions.