Deere (DE) Expected to Beat Earnings Estimates: What to Know Ahead of Q3 Release

Core Viewpoint - The market anticipates a year-over-year decline in Deere's earnings due to lower revenues, with the upcoming earnings report expected to significantly influence the stock price based on actual results compared to estimates [1]. Earnings Expectations - Deere is projected to report quarterly earnings of $5.85 per share, reflecting a year-over-year decrease of 42.7$10.89 billion, down 23.7% from the same quarter last year [2]. Estimate Revisions - The consensus EPS estimate has been revised 1.45% higher in the last 30 days, indicating a collective reassessment by analysts [3]. Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that a positive Earnings ESP reading indicates a likely earnings beat, particularly when combined with a strong Zacks Rank [4][5]. - For Deere, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, resulting in an Earnings ESP of +0.18% [6][7]. Historical Performance - In the last reported quarter, Deere exceeded expectations by delivering earnings of $8.53 per share against an expected$7.86, resulting in a surprise of +8.52% [8]. - Over the past four quarters, Deere has consistently beaten consensus EPS estimates [8]. Conclusion - Deere is positioned as a strong candidate for an earnings beat, but investors should consider additional factors beyond earnings results when making investment decisions [9].