Deere Q3 preview flags lower revenue and EPS estimates
Deere & Company is set to report third-quarter results Thursday before market open, with analysts expecting revenue of $10.73 billion and earnings of $4.70 per share, both down from a year earlier.
Farming equipment manufacturer Deere & Company (NYSE: DE ) could provide more clues about how the farming sector is doing for investors when the company reports third-quarter financial results Thursday before market open.
Here are the earnings estimates, analyst ratings and key items to watch. • Deere stock is holding steady today.
What should traders watch with DE? Deere Q3 Earnings Estimates Analysts expect Deere & Company to report third-quarter revenue of $10.73 billion, down from $12.02 billion in last year’s third quarter, according to data Pro.
The company has beaten analyst estimates for revenue in 27 straight quarters.
Analysts expect Deere & Company to report third-quarter earnings of $4.70 per share, down from $4.75 per share.
The company has beaten analyst estimates for earnings in 15 straight quarters.
Read Also: How To Earn $500 A Month From Deere Stock Ahead Of Q3 Earnings Deere Analyst Ratings and Price Targets Here are some of the most recent analyst ratings and price targets on Deere stock: JPMorgan: Maintained Neutral rating, lowered price target from $590 to $570 Evercore ISI: Maintained In-Line rating, lowered price target from $641 to $632 DA Davidson: Maintained Buy rating, with $685 price target Citigroup: Maintained Neutral rating, raised price target from $575 to $610 Key Items to Watch It could be the best of times and worst of times for Deere with the company’s farming equipment segment seeing pressure from an agricultural sector hurt by rising fuel and fertilizer costs.
While that sector faces pressure, the construction equipment market is seeing strong demand thanks to the rising build-out of data centers.
Caterpillar Inc (NYSE: CAT ) has been one of the beneficiaries of that growth and shares are up 35% year-to-date.
Investors should keep an eye on Deere’s construction segment to see if it can also catch some love as an AI data center trade.
In the second quarter, overall Deere revenue was up 5% year-over-year, broken down with the following sales by segment: Production & Precision Agriculture: +14%, $4.50 billion Small Agriculture & Turf: +16%, $3.49 billion Construction & Forestry: +29%, $3.79 billion The construction segment saw the highest growth last quarter, and that could be the same going forward.
Analysts expect overall revenue to decline for the company in the third quarter.
A long-running streak of beating analyst estimates for both revenue and earnings per share is on the line.
Investors should watch for more comments on tariff refunds and the impact of current tariffs on the farming sector.
Comments on potential farm relief bills and proposals from the government could also be important and factor into future guidance.
Deere Stock Price Action Deere stock is flat at $588.65 on Wednesday versus a 52-week trading range of $433.00 to $674.19.
Deere stock is up 26.4% year-to-date in 2026.
Read Also: Caterpillar Turns To Self-Driving Tractors: What Buying The 'Tesla Of Agriculture' Could Mean Photo: Shutterstock