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 farmers increasingly adopt technology to improve efficiency and sustainability, Deere's products are essential for modern agriculture.

Key Metrics to Watch

EPS

Earnings per share is a key indicator of profitability and financial health, reflecting how much profit is allocated to each share of stock.

$4.67

Revenue

Total revenue shows the overall sales performance and demand for Deere's products, which can indicate market strength.

$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, exceeding expectations by 12.74%. However, the stock fell 5.19% the following day, indicating market concerns despite the strong earnings.

Management Promises & Guidance

Expectations

Wall Street Expectations

Analysts expect Deere to report strong earnings again, with a consensus EPS of $4.67. However, there are concerns about potential supply chain issues and agricultural demand.

Bull Case

If Deere can meet or exceed EPS expectations, it may signal strong demand for its machinery and a robust agricultural sector, leading to positive stock movement.

Bear Case

If earnings fall short of expectations or if management expresses concerns about future demand, the stock could see a significant decline.

Key Metrics to Watch

EPS

$4.67

Earnings per share is a key indicator of profitability and financial health, reflecting how much profit is allocated to each share of stock.

Revenue

$10.7B

Total revenue shows the overall sales performance and demand for Deere's products, which can indicate market strength.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will the EPS meet or exceed the consensus estimate of $4.67?

This figure is crucial for investor confidence and could significantly influence stock performance.

What insights will management provide regarding future demand for agricultural machinery?

Understanding demand trends is vital for assessing the company's growth potential and market position.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate the resilience of agricultural demand, especially given recent positive trends in commodity prices.

Supporting Evidence

Deere's recent EPS surprises indicate stronger-than-expected performance.

Options pricing suggests traders anticipate significant movement, indicating underlying volatility.

The agricultural sector has shown signs of recovery, which may not be fully reflected in consensus estimates.

Key Risk

If management provides strong commentary on future demand, it could significantly shift market sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is weighing the potential for strong earnings against concerns about agricultural demand and supply chain issues.

Bull Confirmed If

An EPS of $4.67 or higher would confirm strong demand and profitability.

Bear Confirmed If

An EPS below $4.33 would raise concerns about demand and profitability.

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 anticipate 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)

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 4.7%, with a raw directional average of +2.0% (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 stock increase of around 3.72%, confirming strong demand.

In-Line / Cautious

If results are in line with expectations, the stock may react cautiously, reflecting uncertainty in future demand.

Miss

A miss could lead to a decline of around 6.22%, indicating market disappointment and concerns over future performance.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any commentary on agricultural commodity prices and their impact on demand.
2Updates on supply chain management and potential challenges.
3Insights into new product launches or technological advancements.
4Management's outlook on global agricultural trends.
5Any changes in guidance or expectations for the next quarter.

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Company Snapshot

Key Metrics to Watch

EPS

Earnings per share is a key indicator of profitability and financial health, reflecting how much profit is allocated to each share of stock.

$4.67

Revenue

Total revenue shows the overall sales performance and demand for Deere's products, which can indicate market strength.

$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, exceeding expectations by 12.74%. However, the stock fell 5.19% the following day, indicating market concerns despite the strong earnings.

Management Promises & Guidance

Expectations

Wall Street Expectations

Analysts expect Deere to report strong earnings again, with a consensus EPS of $4.67. However, there are concerns about potential supply chain issues and agricultural demand.

Bull Case

If Deere can meet or exceed EPS expectations, it may signal strong demand for its machinery and a robust agricultural sector, leading to positive stock movement.

Bear Case

If earnings fall short of expectations or if management expresses concerns about future demand, the stock could see a significant decline.

Key Metrics to Watch

EPS

$4.67

Earnings per share is a key indicator of profitability and financial health, reflecting how much profit is allocated to each share of stock.

Revenue

$10.7B

Total revenue shows the overall sales performance and demand for Deere's products, which can indicate market strength.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will the EPS meet or exceed the consensus estimate of $4.67?

This figure is crucial for investor confidence and could significantly influence stock performance.

What insights will management provide regarding future demand for agricultural machinery?

Understanding demand trends is vital for assessing the company's growth potential and market position.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate the resilience of agricultural demand, especially given recent positive trends in commodity prices.

Supporting Evidence

Deere's recent EPS surprises indicate stronger-than-expected performance.

Options pricing suggests traders anticipate significant movement, indicating underlying volatility.

The agricultural sector has shown signs of recovery, which may not be fully reflected in consensus estimates.

Key Risk

If management provides strong commentary on future demand, it could significantly shift market sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is weighing the potential for strong earnings against concerns about agricultural demand and supply chain issues.

Bull Confirmed If

An EPS of $4.67 or higher would confirm strong demand and profitability.

Bear Confirmed If

An EPS below $4.33 would raise concerns about demand and profitability.

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 anticipate 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)

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 stock increase of around 3.72%, confirming strong demand.

In-Line / Cautious

If results are in line with expectations, the stock may react cautiously, reflecting uncertainty in future demand.

Miss

A miss could lead to a decline of around 6.22%, indicating market disappointment and concerns over future performance.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any commentary on agricultural commodity prices and their impact on demand.
2Updates on supply chain management and potential challenges.
3Insights into new product launches or technological advancements.
4Management's outlook on global agricultural trends.
5Any changes in guidance or expectations for the next quarter.