
Agricultural and construction machinery company Deere (NYSE: DE) will be reporting earnings this Thursday before market open. Here’s what you need to know.
Deere beat analysts’ revenue expectations by 6.6% last quarter, reporting revenues of $12.39 billion, up 11.2% year on year. It was an exceptional quarter for the company, with a solid beat of analysts’ EBITDA estimates and a solid beat of analysts’ revenue estimates.
Is Deere a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Deere’s revenue to grow 6.7% year on year to $9.08 billion, a reversal from the 30.2% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $2.06 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Deere has only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 2.5% on average.
Looking at Deere’s peers in the heavy machinery segment, some have already reported their Q4 results, giving us a hint as to what we can expect. AGCO delivered year-on-year revenue growth of 1.1%, beating analysts’ expectations by 9.6%, and Lindsay reported a revenue decline of 6.3%, falling short of estimates by 7%. AGCO traded up 8.9% following the results while Lindsay was also up 5.6%.
Read our full analysis of AGCO’s results here and Lindsay’s results here.
There has been positive sentiment among investors in the heavy machinery segment, with share prices up 7.8% on average over the last month. Deere is up 18.1% during the same time and is heading into earnings with an average analyst price target of $528.26 (compared to the current share price of $600.80).
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