Deere (DE) Q3 Earnings Report: Key Information You Should Be Aware Of
Written by Emily J. Thompson, Senior Investment Analyst
Source: Yahoo Finance
Updated: Nov 25 20250mins
Earnings Report Expectations: Deere is set to report its earnings this Wednesday, with analysts expecting a revenue growth of 25.3% year on year to $11.62 billion, following a previous quarter where it missed revenue expectations by 11.8%.
Analyst Sentiment: Analysts have generally maintained their estimates over the past month, indicating confidence in Deere's performance heading into earnings, with an average price target of $525.78 compared to the current share price of $490.50.
Peer Performance Insights: Comparisons with peers in the agricultural machinery sector show mixed results, with AGCO reporting a 4.7% revenue decrease and Lindsay showing flat revenue, suggesting a challenging environment for the industry.
Market Volatility Factors: Ongoing concerns about potential tariffs and corporate tax changes have contributed to volatility in the agricultural machinery sector, with average share prices down 6.2% over the last month, although Deere has seen a 3.3% increase during the same period.
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Analyst Views on DE
Wall Street analysts forecast DE stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for DE is 511.31 USD with a low forecast of 440.00 USD and a high forecast of 609.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
13 Analyst Rating
7 Buy
6 Hold
0 Sell
Moderate Buy
Current: 481.820
Low
440.00
Averages
511.31
High
609.00
Current: 481.820
Low
440.00
Averages
511.31
High
609.00
UBS
Steven Fisher
Buy
maintain
$535
2025-11-28
Reason
UBS
Steven Fisher
Price Target
$535
2025-11-28
maintain
Buy
Reason
UBS analyst Steven Fisher reiterates a Buy rating and $535 price target on Deere shares following Q4 results and an outlook that were "directionally consistent with our expectations and establish 2026 as the ag bottom." Although the initial FY26 earnings guidance midpoint is slightly lower than the firm had modeled, UBS thinks the miss mainly reflects a weak Q1 in North America and it has more confidence in 2026 as the earnings bottom and in the 2027 recovery following the report, the analyst tells investors.
RBC Capital
Outperform
maintain
$542 -> $541
2025-11-28
Reason
RBC Capital
Price Target
$542 -> $541
2025-11-28
maintain
Outperform
Reason
RBC Capital lowered the firm's price target on Deere to $541 from $542 and keeps an Outperform rating on the shares. The company reported solid Q4 results and introduced F26 guidance, with net income that was below consensus but reflected about $1.2B of pre-tax tariff impact, the analyst tells investors in a research note. RBC adds that its views Deere's solid inventory progress and growth in Equipment Operations positively.
Evercore ISI
David Raso
In Line
downgrade
$487 -> $458
2025-11-28
Reason
Evercore ISI
David Raso
Price Target
$487 -> $458
2025-11-28
downgrade
In Line
Reason
Evercore ISI analyst David Raso lowered the firm's price target on Deere to $458 from $487 and keeps an In Line rating on the shares. Deere's Q4 results and earnings call "didn't deliver the positive turn in agricultural equipment fundamentals many were hoping for," says the analyst, who is lowering estimates following the report. The near-term outlook remains murky with Q1 earnings expected to fall below consensus, adding pressure on full-year guidance, the analyst added.
Oppenheimer
Oppenheimer
Outperform
maintain
$512 -> $531
2025-11-28
Reason
Oppenheimer
Oppenheimer
Price Target
$512 -> $531
2025-11-28
maintain
Outperform
Reason
Oppenheimer raised the firm's price target on Deere to $531 from $512 and keeps an Outperform rating on the shares. The firm says that price/cost positive for FY26 is a feat in light of $1.2B in tariff headwinds, and the acceleration of technology adoption establishes a strong foundation into the next cycle. Oppenheimer believes investors are likely to digest the print and hone their models ahead of the December 8 investor day, suggesting more of a grind for shares into calendar year-end, with minimal damage to the long-term bullish outlook.
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About DE
Deere & Company is engaged in the delivery of agricultural, construction and forestry equipment. Its segments include production and precision agriculture (PPA), small agriculture and turf (SAT), construction and forestry (CF), and financial services (FS). PPA segment defines, develops and delivers global equipment and technology solutions for production-scale growers of large grains, small grains, cotton and sugarcane. SAT segment defines, develops and delivers global equipment and technology solutions for dairy and livestock producers, high-value and small acreage crop producers, and turf and utility customers. CF segment defines, develops and delivers a range of machines and technology solutions organized along the earthmoving, forestry and roadbuilding production systems. FS segment finances sales and leases by John Deere dealers of new and used production and precision agriculture equipment and others. Its products include John Deere Autonomous 8R Tractor and E-Power Backhoe.
About the author
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Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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