Agricultural and construction machinery company Deere (NYSE: DE) will be announcing earnings results this Thursday before market open. Here’s what to look for.
Deere beat analysts’ revenue expectations last quarter, reporting revenues of $9.61 billion, up 13% year on year. It was a stunning quarter for the company, with an impressive beat of analysts’ EBITDA estimates.
Is Deere a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Deere’s revenue to grow 2.2% year on year, a reversal from the 16.2% decrease it recorded in the same quarter last year.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Deere rarely misses Wall Street’s revenue estimates.
Looking at Deere’s peers in the heavy machinery segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Alamo delivered year-on-year revenue growth of 6.7%, beating analysts’ expectations by 4.8%, and AGCO reported revenues up 14.3%, topping estimates by 3.8%. Alamo’s stock price was unchanged after the resultsand AGCO’s price followed a similar reaction.
Read our full analysis of Alamo’s results here and AGCO’s results here.
Markets spent late 2025 hand-wringing over AI's threat to software and crypto, only for the US-Iran conflict to seize the narrative in 2026. While some of the heavy machinery stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 3.8% on average over the last month. Deere is down 6% during the same time and is heading into earnings with an average analyst price target of $665.10 (compared to the current share price of $559.03).
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