Equity Profile

DE

Deere & Company

IndustrialsAgricultural & Farm Machinery$157.5B

May21Thu

Post-Earnings Recap

ReportedQ2-2026Pre-Market6:20 AM EDT

Deere & Company Beats on EPS, Stock Up 0.0%

Metric	Actual	Expected	Surprise
EPS	$6.55	$5.71	+12.74%
Revenue	—	$11.5B	—

management commentary, guidance changes, and full analysis available with Pro.

Deere & Company Beats on EPS, Stock Up 0.0%

Key Numbers

Metric	Actual	Expected	Surprise
EPS	$6.55	$5.71	+12.74%
Revenue	—	$11.5B	—

Management Commentary

Tone: Unknown

No transcript is on record, and the analysis is based on numerical results only.

What It Means

Deere & Company reported better-than-expected earnings per share, which indicates strong profitability. However, the stock reaction remained flat, suggesting that investors may have already priced in these results or are awaiting further information. The lack of revenue data and guidance may have contributed to the muted stock performance.

Company Snapshot

Deere & Company (DE) is a leading manufacturer of agricultural and farm machinery, playing a crucial role in the industrial sector. With a market cap of $152 billion, the company is significant in supporting global food production and agricultural efficiency.

Key Metrics to Watch

EPS

Earnings per share is a key indicator of profitability and will show how well the company is managing costs and generating income.

$5.71

Revenue

Revenue figures will provide insight into overall sales performance and demand for Deere's products in the agricultural market.

$11.5B

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

Original Pre-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 Q1-2026, Deere reported an EPS of $2.42, exceeding expectations by 26.17%. The stock reacted positively, rising 11.58% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Analysts expect Deere to report solid earnings, with a consensus EPS of $5.71. The outlook remains optimistic due to strong agricultural demand.

Bull Case

If Deere beats EPS estimates, it could signal robust demand and effective cost management, potentially driving the stock higher.

Bear Case

Conversely, if earnings fall short, it may raise concerns about slowing demand in the agricultural sector, leading to a negative stock reaction.

Key Metrics to Watch

EPS

$5.71

Earnings per share is a key indicator of profitability and will show how well the company is managing costs and generating income.

Revenue

$11.5B

Revenue figures will provide insight into overall sales performance and demand for Deere's products in the agricultural market.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will Deere's EPS exceed the consensus estimate of $5.71?

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

What insights can management provide about revenue growth in the agricultural sector?

Understanding revenue trends will help gauge demand and market conditions, which are critical for future performance.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may underestimate Deere's ability to capitalize on strong agricultural demand, especially given recent performance trends.

Supporting Evidence

Deere has a history of beating EPS estimates, with a 75% success rate in the last 8 quarters.

The options market is pricing in a 5.77% move, which aligns with historical volatility, suggesting the potential for a larger reaction.

Recent agricultural trends indicate a growing demand for machinery, which may not be fully reflected in analyst estimates.

Key Risk

If revenue growth significantly exceeds expectations, it could challenge the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating whether Deere can maintain its growth trajectory amid fluctuating agricultural demand.

Bull Confirmed If

An EPS of $6.00 or higher would confirm strong demand and operational efficiency.

Bear Confirmed If

An EPS below $5.33 would raise concerns about demand and cost management.

Pre-Earnings Positioning

Options Market

Implied Move

±5.77%

Historical Avg

±6.2%

In line with history

The options market is pricing in a move of about 5.77%, suggesting that traders expect some volatility around the earnings report.

Options are pricing ±5.6% while DE has averaged ±6.2% over the last 8 prints — setup is roughly in line with history.

Detail

ATM IV

0.9%

30d HV

31.5%

Calls (267K)P/C Ratio: 1.29Puts (346K)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Industrials

n=30

Fade rate: 8 of 26 (31%)

This setup has occurred 30 times across Industrials in the last 2 years. 18 of 26 (69%) held or extended their move within 5 days — this setup typically holds direction. The average absolute 1-day move is 6.5%, with a raw directional average of +2.3% (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 3.79%, confirming strong demand.

In-Line / Cautious

A cautious in-line report may lead to muted reactions as investors await further clarity on future growth.

Miss

If earnings miss, the stock could drop by about 6.22%, reflecting concerns over demand and profitability.

Preparation

Congressional Activity

House & Senate STOCK Act disclosures over the trailing 6 months.

Trades

1 buy·1 sell

Members

House + Senate

Est. Notional

$16,002.00–$65,000.00

disclosed dollar ranges

Most Active Members

R-OKMarkwayne MullinSen.
1

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any commentary on agricultural demand trends and how they might impact future sales.
2Insights into cost management strategies and their effectiveness in maintaining margins.
3Updates on new product launches and their reception in the market.
4Management's outlook on global supply chain challenges and their impact on production.
5Any guidance on future earnings expectations and market conditions.

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Company Snapshot

Key Metrics to Watch

EPS

Earnings per share is a key indicator of profitability and will show how well the company is managing costs and generating income.

$5.71

Revenue

Revenue figures will provide insight into overall sales performance and demand for Deere's products in the agricultural market.

$11.5B

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

Original Pre-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 Q1-2026, Deere reported an EPS of $2.42, exceeding expectations by 26.17%. The stock reacted positively, rising 11.58% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Analysts expect Deere to report solid earnings, with a consensus EPS of $5.71. The outlook remains optimistic due to strong agricultural demand.

Bull Case

If Deere beats EPS estimates, it could signal robust demand and effective cost management, potentially driving the stock higher.

Bear Case

Conversely, if earnings fall short, it may raise concerns about slowing demand in the agricultural sector, leading to a negative stock reaction.

Key Metrics to Watch

EPS

$5.71

Earnings per share is a key indicator of profitability and will show how well the company is managing costs and generating income.

Revenue

$11.5B

Revenue figures will provide insight into overall sales performance and demand for Deere's products in the agricultural market.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will Deere's EPS exceed the consensus estimate of $5.71?

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

What insights can management provide about revenue growth in the agricultural sector?

Understanding revenue trends will help gauge demand and market conditions, which are critical for future performance.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may underestimate Deere's ability to capitalize on strong agricultural demand, especially given recent performance trends.

Supporting Evidence

Deere has a history of beating EPS estimates, with a 75% success rate in the last 8 quarters.

The options market is pricing in a 5.77% move, which aligns with historical volatility, suggesting the potential for a larger reaction.

Recent agricultural trends indicate a growing demand for machinery, which may not be fully reflected in analyst estimates.

Key Risk

If revenue growth significantly exceeds expectations, it could challenge the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating whether Deere can maintain its growth trajectory amid fluctuating agricultural demand.

Bull Confirmed If

An EPS of $6.00 or higher would confirm strong demand and operational efficiency.

Bear Confirmed If

An EPS below $5.33 would raise concerns about demand and cost management.

Pre-Earnings Positioning

Options Market

Implied Move

±5.77%

Historical Avg

±6.2%

In line with history

The options market is pricing in a move of about 5.77%, suggesting that traders expect some volatility around the earnings report.

Options are pricing ±5.6% while DE has averaged ±6.2% over the last 8 prints — setup is roughly in line with history.

Detail

ATM IV

0.9%

30d HV

31.5%

Calls (267K)P/C Ratio: 1.29Puts (346K)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Industrials

n=30

Fade rate: 8 of 26 (31%)

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 3.79%, confirming strong demand.

In-Line / Cautious

A cautious in-line report may lead to muted reactions as investors await further clarity on future growth.

Miss

If earnings miss, the stock could drop by about 6.22%, reflecting concerns over demand and profitability.

Preparation

Congressional Activity

House & Senate STOCK Act disclosures over the trailing 6 months.

Trades

1 buy·1 sell

Members

House + Senate

Est. Notional

$16,002.00–$65,000.00

disclosed dollar ranges

Most Active Members

R-OKMarkwayne MullinSen.
1

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any commentary on agricultural demand trends and how they might impact future sales.
2Insights into cost management strategies and their effectiveness in maintaining margins.
3Updates on new product launches and their reception in the market.
4Management's outlook on global supply chain challenges and their impact on production.
5Any guidance on future earnings expectations and market conditions.