Why Deere (DE) is Poised to Beat Earnings Estimates Again

Core Viewpoint - Deere (DE) is positioned well to continue its trend of beating earnings estimates, particularly in the upcoming quarterly report [1]. Group 1: Earnings Performance - Deere has a strong history of beating earnings estimates, with an average surprise of 9.41% over the last two quarters [2]. - In the last reported quarter, Deere achieved earnings of $6.64 per share, exceeding the Zacks Consensus Estimate of $5.68 per share by 16.90% [3]. - For the previous quarter, Deere's earnings were $3.19 per share against an expected $3.13 per share, resulting in a surprise of 1.92% [3]. Group 2: Earnings Estimates and Predictions - Recent changes in earnings estimates for Deere have been favorable, with a positive Zacks Earnings ESP (Expected Surprise Prediction) indicating potential for another earnings beat [6]. - Stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have a nearly 70% chance of producing a positive surprise [7]. - Currently, Deere has an Earnings ESP of +0.58%, suggesting increased analyst optimism regarding its near-term earnings potential [9]. Group 3: Upcoming Earnings Report - Deere's next earnings report is anticipated to be released on August 14, 2025 [9].