Deere & Company (NYSE:DE, XETRA:DCO) reported quarterly results that came in ahead of Wall Street expectations for both sales and profit, even as weakness in agricultural equipment demand continued to weigh on its core farm machinery business. For the fiscal second quarter ended May 3, the company posted earnings per share of $6.55, slightly below $6.64 in the same period a year earlier but above analyst expectations of $5.70.
Although the revenue and EPS for Deere (DE) give a sense of how its business performed in the quarter ended April 2026, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Deere (DE) came out with quarterly earnings of $6.55 per share, beating the Zacks Consensus Estimate of $5.81 per share. This compares to earnings of $6.64 per share a year ago.
Deere posted higher fiscal second-quarter sales as growth in the company's construction equipment business helped to offset weakness in its production agriculture segment.
Deere & Co. is slated to report earnings ahead of the opening bell Thursday, with traders anticipating a big move in the farming and construction equipment maker's stock after the results.
DE braces for Q2 results, with earnings expected to fall 12.5% y/y despite higher revenues, as weak farm spending and rising costs weigh on the outlook.
Besides Wall Street's top-and-bottom-line estimates for Deere (DE), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended April 2026.
The company agreed recently to pay $99 million in a ‘right-to-repair' lawsuit with farmers.
Deere (DE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Caterpillar outperformed Deere over the past year, driven by AI-related power generator demand and manufacturing reshoring tailwinds. I have maintained a neutral rating on Deere, as its returns have largely tracked the broader market without clear outperformance. Upcoming Deere earnings are a key catalyst; I will reassess my rating based on reported results and forward outlook.
Deere (DE) closed at $581.18 in the latest trading session, marking a -1.36% move from the prior day.
Zacks.com users have recently been watching Deere (DE) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.