Financial Performance - Deere reported $10.36 billion in revenue for the quarter ended July 2025, reflecting a year-over-year decline of 9.1% [1] - The earnings per share (EPS) for the same period was $4.75, down from $6.29 a year ago [1] - The reported revenue exceeded the Zacks Consensus Estimate of $10.26 billion by 0.97%, while the EPS surprised by 2.81% against the consensus estimate of $4.62 [1] Segment Performance - Equipment Operations net sales were $10.36 billion, surpassing the six-analyst average estimate of $10.18 billion, but still down 9.1% year-over-year [4] - Construction & Forestry net sales reached $3.06 billion, slightly below the $3.11 billion average estimate, marking a 5.4% decline year-over-year [4] - Agriculture and Turf net sales totaled $7.3 billion, exceeding the $7.07 billion average estimate, but down 10.5% year-over-year [4] - Small Ag & Turf net sales were $3.03 billion, outperforming the five-analyst average estimate of $2.78 billion, with a minor decline of 0.9% year-over-year [4] - Production & Precision Ag net sales were $4.27 billion, slightly below the $4.28 billion average estimate, reflecting a significant 16.2% year-over-year decline [4] Financial Services - Financial services revenues amounted to $1.42 billion, below the $1.51 billion estimate, representing a 4.8% decline year-over-year [4] - Total financial services revenue was $1.54 billion, compared to the $1.62 billion estimate, indicating a 7.4% year-over-year decrease [4] - Finance and Interest Income from financial services was $1.43 billion, below the $1.49 billion estimate, down 6.8% year-over-year [4] Stock Performance - Shares of Deere have returned +1.1% over the past month, compared to the Zacks S&P 500 composite's +3.5% change [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]

Core Viewpoint - Deere (DE) is expected to report a significant decline in quarterly earnings and revenues, with analysts predicting earnings of $4.62 per share, a decrease of 26.6% year-over-year, and revenues of $10.26 billion, down 9.9% from the previous year [1]. Earnings Projections - The consensus EPS estimate for the quarter has remained unchanged over the past 30 days, indicating that analysts have not revised their initial projections [2]. - Changes in earnings projections are crucial for predicting investor reactions, as empirical studies show a strong correlation between earnings estimate trends and short-term stock price movements [3]. Revenue Estimates - Analysts estimate that 'Net Sales and Revenues- Equipment Operations- Net sales' will reach $10.18 billion, reflecting a year-over-year decline of 10.6% [5]. - 'Net Sales and Revenues- Construction & forestry net sales' is projected to be $3.11 billion, indicating a decrease of 4% year-over-year [5]. - 'Net Sales and Revenues- Agriculture and Turf' is expected to be $7.07 billion, down 13.3% from the prior-year quarter [6]. - 'Net Sales and Revenues- Small ag & turf net sales' is forecasted at $2.78 billion, a decline of 8.9% year-over-year [6]. - The estimate for 'Net Sales and Revenues- Production & precision ag net sales' stands at $4.28 billion, reflecting a 16% decrease from the year-ago quarter [7]. - Overall 'Net Sales and Revenues- Net sales' is projected to be $10.17 billion, down 10.7% year-over-year [7]. - 'Net Sales and Revenues- Other revenues' is expected to reach $274.89 million, indicating a slight decline of 0.4% [7]. Financial Services Revenue - Analysts predict 'Net Sales and Revenues- Financial services revenues' will likely reach $1.51 billion, showing a year-over-year increase of 1.7% [8]. - 'Net Sales and Revenues- Financial services- Total' is expected to be $1.62 billion, reflecting a decrease of 3.1% year-over-year [8]. - 'Net Sales and Revenues- Financial services- Finance and Interest Income' is projected at $1.49 billion, indicating a decline of 3.3% [9]. - 'Net Sales and Revenues- Financial services- Other Income' is estimated at $129.33 million, down 0.5% year-over-year [9]. - The estimate for 'Net Sales and Revenues- Equipment Operations- Finance and interest income' is $134.75 million, reflecting a year-over-year decline of 13.1% [10]. Stock Performance - Shares of Deere have experienced a decline of 0.4% over the past month, contrasting with a 2.7% increase in the Zacks S&P 500 composite [11]. - With a Zacks Rank of 3 (Hold), Deere is expected to perform in line with the overall market in the near future [11].

Core Insights - Deere reported $11.17 billion in revenue for the quarter ended April 2025, reflecting a year-over-year decline of 17.9% and an EPS of $6.64 compared to $8.53 a year ago, exceeding the Zacks Consensus Estimate of $10.65 billion by 4.89% and delivering an EPS surprise of 16.90% [1] Revenue Performance - Equipment Operations net sales were $11.17 billion, surpassing the average estimate of $10.67 billion by six analysts, but showing a year-over-year decline of 17.9% [4] - Construction & Forestry net sales were $2.95 billion, below the average estimate of $3.05 billion, with a year-over-year decline of 23.3% [4] - Agriculture and Turf net sales totaled $8.22 billion, exceeding the average estimate of $7.62 billion, but still reflecting a year-over-year decline of 15.8% [4] - Small Ag & Turf net sales were $2.99 billion, above the average estimate of $2.77 billion, with a year-over-year change of -6% [4] - Production & Precision Ag net sales reached $5.23 billion, exceeding the average estimate of $4.85 billion, but showing a decline of 20.5% year-over-year [4] Financial Services - Financial services revenues amounted to $1.39 billion, slightly above the average estimate of $1.35 billion, with a year-over-year change of -0.7% [4] - Total financial services revenue was $1.50 billion, surpassing the average estimate of $1.46 billion, reflecting a year-over-year decline of 5.5% [4] - Finance and Interest Income from financial services was $1.38 billion, slightly above the average estimate of $1.37 billion, with a year-over-year decline of 7.8% [4] - Other Income from financial services was $121 million, exceeding the average estimate of $90.58 million, showing a year-over-year increase of 31.5% [4] Stock Performance - Shares of Deere have returned +10% over the past month, compared to the Zacks S&P 500 composite's +9% change, indicating a relatively strong performance [3] - The stock currently holds a Zacks Rank 4 (Sell), suggesting potential underperformance against the broader market in the near term [3]

Core Viewpoint - Analysts expect Deere (DE) to report a quarterly earnings of $5.68 per share, reflecting a year-over-year decline of 33.4%, with revenues projected at $10.65 billion, down 21.8% from the previous year [1] Revenue Estimates - The consensus estimate for 'Net Sales and Revenues- Equipment Operations- Net sales' is $10.67 billion, indicating a year-over-year change of -21.6% [3] - Analysts predict 'Net Sales and Revenues- Construction & forestry net sales' to reach $3.05 billion, suggesting a decline of 20.7% year over year [4] - The combined estimate for 'Net Sales and Revenues- Agriculture and Turf' is $7.62 billion, reflecting a year-over-year change of -22% [4] - 'Net Sales and Revenues- Small ag & turf net sales' is expected to be $2.77 billion, down 13.1% from the prior year [5] - The estimate for 'Net Sales and Revenues- Production & precision ag net sales' stands at $4.85 billion, indicating a decline of 26.3% year over year [5] - The overall estimate for 'Net Sales and Revenues- Net sales' is $10.62 billion, suggesting a year-over-year change of -22% [6] - 'Net Sales and Revenues- Other revenues' is projected at $212.04 million, down 7.8% from the previous year [6] Financial Services Revenue Estimates - Analysts estimate 'Net Sales and Revenues- Financial services revenues' at $1.35 billion, reflecting a year-over-year change of -3.2% [7] - The total for 'Net Sales and Revenues- Financial services- Total' is projected to be $1.46 billion, indicating an 8.3% decline year over year [7] - 'Net Sales and Revenues- Financial services- Finance and Interest Income' is expected to reach $1.37 billion, down 8.7% from the prior year [8] - 'Net Sales and Revenues- Financial services- Other Income' is forecasted at $90.58 million, suggesting a year-over-year change of -1.5% [8] - 'Net Sales and Revenues- Equipment Operations- Finance and interest income' is estimated at $110.08 million, indicating a decline of 14.7% from the previous year [9] Stock Performance - Over the past month, shares of Deere have returned +7.3%, outperforming the Zacks S&P 500 composite's +3.8% [9]