Deere (DE) Reports Q3: Everything You Need To Know Ahead Of Earnings

Agricultural and construction machinery company Deere (NYSE:DE) will be reporting results this Wednesday before market hours. Here’s what to expect.

Deere missed analysts’ revenue expectations by 11.8% last quarter, reporting revenues of $10.36 billion, down 9% year on year. It was a mixed quarter for the company, with a solid beat of analysts’ EBITDA estimates but a significant miss 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 25.3% year on year to $11.62 billion, a reversal from the 32.8% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $3.81 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.

Looking at Deere’s peers in the agricultural machinery segment, some have already reported their Q3 results, giving us a hint as to what we can expect. AGCO’s revenues decreased 4.7% year on year, missing analysts’ expectations by 0.5%, and Lindsay reported flat revenue, topping estimates by 1.6%. AGCO’s stock price was unchanged after the resultswhile Lindsay was down 4.9%.

Read our full analysis of AGCO’s results here and Lindsay’s results here.

Questions about potential tariffs and corporate tax changes have caused much volatility in 2025. While some of the agricultural machinery stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 6.2% on average over the last month. Deere is up 3.3% during the same time and is heading into earnings with an average analyst price target of $525.78 (compared to the current share price of $490.50).

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