Deere set to report Q3 with cautious setup

Earnings
โดย Seeking Alpha·US·Read original
Summary · why it matters

Deere & Company is set to report fiscal third-quarter results on August 20, with investors expecting non-GAAP EPS of $4.67 and revenue of $10.74B. Analysts have made 18 downward EPS revisions and only five upward revenue revisions over the past three months, though Deere has beaten EPS and revenue estimates in seven of the past eight quarters. Seeking Alpha analyst Luca Socci said the stock has moved ahead of fundamentals as investors price in an agricultural recovery that has yet to appear in industry data. Recent results from CNH Industrial and AGCO pointed to soft North American demand, margin pressure, and possible pricing aggression, creating risks for Deere’s Production & Precision Agriculture business. In the second quarter, Production & Precision Agriculture sales fell 14% to $4.50B, while Construction & Forestry sales jumped 29% to $3.79B and Small Ag & Turf sales rose 16% to $3.49B. Management maintained fiscal 2026 net income guidance of $4.50B to $5.00B and cut its South American ag outlook to a 15% decline, mainly because of weaker conditions in Brazil.

Impact on stocks 3

Climate Adaptation & Water▼ · 3 stocks
Deere & Company
DE
▼ NegativeDemandrelevance

Analysts expect cautious Q3 with downward EPS revisions, soft North American demand, and a cut in South American ag outlook due to weaker Brazil conditions.

AGCO Corporation
AGCO
▼ NegativeDemandrelevance

Soft North American demand and margin pressure in recent results from AGCO create risks for Deere, but AGCO itself is mentioned as a peer with weak results.

CNH Industrial N.V.
CNH
▼ NegativeDemandrelevance

CNH Industrial's recent results pointed to soft North American demand and margin pressure, indicating a challenging environment for the sector.

© 2026 MarketDXNews