Equity Profile

DE

Deere & Company

IndustrialsAgricultural & Farm Machinery$158.1B

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 production increases, Deere's innovations in farming equipment are vital for enhancing agricultural efficiency and sustainability.

Key Metrics to Watch

EPS (Earnings Per Share)

EPS is a key indicator of the company's profitability and is closely watched by investors.

Not available

Revenue Growth

Revenue growth reflects the company's ability to increase sales, which is essential for long-term success.

Not available

1 more metrics, 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, beating estimates by 12.74%. However, the stock dropped 5.19% the following day, indicating mixed investor sentiment despite the earnings beat.

Management Promises & Guidance

Expectations

Wall Street Expectations

Investors are cautiously optimistic ahead of Deere's Q3 earnings report, especially after a strong EPS surprise last quarter. However, concerns about market demand and potential supply chain issues linger.

Bull Case

If Deere continues to show strong earnings growth and robust demand for agricultural equipment, it could lead to a significant stock price increase, especially if they beat earnings expectations again.

Bear Case

On the other hand, if earnings fall short or if there are signs of declining demand in the agricultural sector, the stock could face downward pressure, especially given the recent volatility.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the EPS figure for Q3-2026?

The EPS will be critical in assessing whether Deere can maintain its earnings growth trajectory and meet investor expectations.

What are the current trends in market demand for agricultural equipment?

Understanding market demand will help investors gauge future revenue potential and the overall health of the agricultural sector.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate the resilience of Deere's earnings due to strong agricultural demand, which could lead to an upside surprise this quarter.

Supporting Evidence

Deere's recent EPS surprises indicate a pattern of exceeding expectations, suggesting potential for continued strong performance.

The options market is pricing a larger move than historical averages, indicating heightened expectations for volatility.

The agricultural sector has shown signs of recovery, which could support Deere's sales and profitability.

Key Risk

If demand for agricultural equipment shows unexpected strength, it could significantly alter the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance will be closely tied to both earnings results and market demand, which are critical for Deere's growth outlook.

Bull Confirmed If

An EPS of $7.00 or higher would confirm strong earnings momentum and likely drive the stock price up.

Bear Confirmed If

An EPS below $5.50 would raise concerns about demand and profitability, potentially leading to a significant stock decline.

Pre-Earnings Positioning

Options Market

Implied Move

±13.86%

Historical Avg

±6.2%

Pricing rich

The options market is pricing in a significant move, suggesting that traders expect either strong results or notable commentary from management.

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)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Industrials

n=30

Fade rate: 6 of 24 (25%)

This setup has occurred 30 times across Industrials in the last 2 years. 18 of 24 (75%) held or extended their move within 5 days — this setup typically holds direction. The average absolute 1-day move is 4.5%, with a raw directional average of +1.9% (modestly positive historical bias).

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Deere beats expectations, history suggests a potential stock increase of around +3.72%, confirming positive momentum.

In-Line / Cautious

If results are in line but management expresses caution, the stock may experience muted movement as investors reassess future growth.

Miss

A miss could lead to a decline of around -6.22%, reflecting investor disappointment and concerns about the company's outlook.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on supply chain improvements and their impact on production capacity.
2Insights into global agricultural market trends and demand forecasts.
3Management's commentary on pricing strategies and cost management.
4Details on new product launches or innovations in agricultural technology.
5Any guidance on future earnings expectations or market conditions.

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AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.

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Company Snapshot

Key Metrics to Watch

EPS (Earnings Per Share)

EPS is a key indicator of the company's profitability and is closely watched by investors.

Not available

Revenue Growth

Revenue growth reflects the company's ability to increase sales, which is essential for long-term success.

Not available

1 more metrics, 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, beating estimates by 12.74%. However, the stock dropped 5.19% the following day, indicating mixed investor sentiment despite the earnings beat.

Management Promises & Guidance

Expectations

Wall Street Expectations

Bull Case

Bear Case

On the other hand, if earnings fall short or if there are signs of declining demand in the agricultural sector, the stock could face downward pressure, especially given the recent volatility.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the EPS figure for Q3-2026?

The EPS will be critical in assessing whether Deere can maintain its earnings growth trajectory and meet investor expectations.

What are the current trends in market demand for agricultural equipment?

Understanding market demand will help investors gauge future revenue potential and the overall health of the agricultural sector.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate the resilience of Deere's earnings due to strong agricultural demand, which could lead to an upside surprise this quarter.

Supporting Evidence

Deere's recent EPS surprises indicate a pattern of exceeding expectations, suggesting potential for continued strong performance.

The options market is pricing a larger move than historical averages, indicating heightened expectations for volatility.

The agricultural sector has shown signs of recovery, which could support Deere's sales and profitability.

Key Risk

If demand for agricultural equipment shows unexpected strength, it could significantly alter the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance will be closely tied to both earnings results and market demand, which are critical for Deere's growth outlook.

Bull Confirmed If

An EPS of $7.00 or higher would confirm strong earnings momentum and likely drive the stock price up.

Bear Confirmed If

An EPS below $5.50 would raise concerns about demand and profitability, potentially leading to a significant stock decline.

Pre-Earnings Positioning

Options Market

Implied Move

±13.86%

Historical Avg

±6.2%

Pricing rich

The options market is pricing in a significant move, suggesting that traders expect either strong results or notable commentary from management.

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)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Industrials

n=30

Fade rate: 6 of 24 (25%)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Deere beats expectations, history suggests a potential stock increase of around +3.72%, confirming positive momentum.

In-Line / Cautious

If results are in line but management expresses caution, the stock may experience muted movement as investors reassess future growth.

Miss

A miss could lead to a decline of around -6.22%, reflecting investor disappointment and concerns about the company's outlook.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on supply chain improvements and their impact on production capacity.
2Insights into global agricultural market trends and demand forecasts.
3Management's commentary on pricing strategies and cost management.
4Details on new product launches or innovations in agricultural technology.
5Any guidance on future earnings expectations or market conditions.