Compared to Estimates, Deere (DE) Q4 Earnings: A Look at Key Metrics

Core Insights - Deere reported $10.58 billion in revenue for the quarter ended October 2025, a year-over-year increase of 14.1%, with an EPS of $3.93 compared to $4.55 a year ago [1] - The revenue exceeded the Zacks Consensus Estimate of $9.99 billion by 5.92%, while the EPS fell short of the consensus estimate of $3.96 by 0.76% [1] Revenue Breakdown - Production & precision ag net sales reached $4.74 billion, surpassing the average estimate of $4.61 billion, reflecting a year-over-year increase of 10.1% [4] - Agriculture and Turf net sales totaled $7.2 billion, exceeding the average estimate of $6.8 billion, marking a 9% year-over-year increase [4] - Equipment Operations net sales were $10.58 billion, above the five-analyst average estimate of $9.9 billion, representing a 14.1% year-over-year change [4] - Small ag & turf net sales amounted to $2.46 billion, exceeding the average estimate of $2.2 billion, with a year-over-year increase of 6.6% [4] - Construction & forestry net sales reached $3.38 billion, surpassing the average estimate of $3.1 billion, indicating a significant year-over-year increase of 27% [4] - Other revenues were reported at $267 million, below the estimated $311.55 million, reflecting a year-over-year decline of 22.8% [4] - Financial services revenues totaled $1.55 billion, slightly below the average estimate of $1.57 billion, with a year-over-year increase of 1.7% [4] - Financial services- Other Income was $171 million, exceeding the estimated $126.74 million, showing a year-over-year increase of 46.2% [4] - Financial services- Total revenues were $1.67 billion, below the estimated $1.7 billion, representing a year-over-year decline of 0.9% [4] - Financial services- Finance and Interest Income was reported at $1.5 billion, below the average estimate of $1.58 billion, reflecting a year-over-year decrease of 4.4% [4] - Net sales were $10.58 billion, compared to the average estimate of $9.89 billion, indicating a year-over-year change of -5.1% [4] - Equipment Operations- Other income was $242 million, slightly below the average estimate of $247.22 million, with a year-over-year decline of 11.7% [4] Stock Performance - Deere's shares have returned +6.4% over the past month, contrasting with the Zacks S&P 500 composite's -0.3% change [3] - The stock currently holds a Zacks Rank 4 (Sell), suggesting potential underperformance relative to the broader market in the near term [3]