GET DAILY SIGNALSDeere & Company (DE): What to Expect from Fiscal Second-Quarter 2026 Earnings
Key Takeaways
- Analysts expect Deere & Company to report fiscal second-quarter 2026 earnings per share of approximately $5.74 to $5.87.
- Consensus revenue estimates stand near $11.5 billion, reflecting continued pressure from soft large-agriculture demand.
- Investors will focus on order book trends, construction equipment recovery, and updated fiscal 2026 net income guidance.
- The company has beaten earnings estimates in three of the last four quarters.
- Management commentary on tariffs, production costs, and small-agriculture segment performance will be closely watched.
Why This Earnings Report Matters
Deere & Company reports results on a fiscal calendar that ends in October. Its second quarter covers the period from February through April. This report arrives amid a challenging cycle for large agricultural equipment, where high interest rates and lower farm incomes have weighed on demand. Yet construction and small agriculture segments have shown signs of stabilization. The upcoming results will help investors gauge whether the company is nearing the bottom of the current downturn and whether recent resilience in orders can support a recovery in the second half of the year.
What Analysts Are Expecting
Wall Street consensus calls for DE to post diluted earnings per share of roughly $5.74 on revenue of about $11.50 billion for the fiscal second quarter of 2026. These figures represent year-over-year declines from the prior-year quarter, consistent with softer large-tractor and combine sales. Analysts note a relatively wide range of estimates, reflecting uncertainty around tariff impacts and the pace of construction equipment demand. Investors will also monitor any updates to the company’s full-year net income guidance, which was last provided in February.
Historically, Deere has delivered beats on earnings in most recent quarters. The stock’s reaction to this report will likely hinge on whether actual results align with or exceed lowered expectations and on forward commentary about order intake.
Market Reaction and Investor Sentiment
Sentiment heading into the report remains cautious, with shares trading near multi-month highs after a strong rebound in construction-related orders. Investors are pricing in modest downside risk given the expected earnings decline, yet any positive surprise on margins or guidance could trigger a relief rally. Key risk factors include further weakness in farm cash flows and potential tariff-related cost pressures that could compress profitability.
Enhancing My Research with AI Tools
I often turn to Tickeron’s AI Screener to quickly compare DE against peers in the machinery sector and spot any emerging technical patterns ahead of earnings. This tool lets me filter by fundamentals, volatility, and AI-driven signals in one place, which helps refine my view on whether the stock’s current positioning aligns with the expected results.
Forward Outlook and Key Factors to Monitor
Following the earnings release, attention will turn to management’s outlook for the remainder of fiscal 2026. Investors should watch for any revision to the full-year net income range and details on how the company plans to manage production amid shifting demand.
Another important area is the health of the order book, particularly in the construction equipment segment where recent shipments have exceeded expectations. Strength here could offset continued softness in large agriculture.
Cost trends will also matter. Management has highlighted tariff impacts in recent quarters, and updates on production costs or pricing actions could influence margin forecasts for the back half of the year.
Finally, broader industry dynamics such as U.S. farm income projections and interest-rate expectations will help shape the longer-term demand picture for Deere’s equipment.
Disclaimer
The information on this webpage is provided for general informational and educational purposes only and is not intended as investment advice, a recommendation to purchase or sell any security, or an offer or solicitation related to investments. It does not consider your personal financial situation, goals, or risk profile, and all investing carries inherent risks, including the possibility of losing your entire investment. For more details, please review our full disclaimer.
Contributor
Financial writer and active order flow futures trader with a focus on fundamental analysis, macroeconomic factors, and equity research. I make in-depth blogs on stocks and ETFs, bridging the gap between raw market data and real-world trading decisions.
DE's MACD Histogram just turned positive
The Moving Average Convergence Divergence (MACD) for DE turned positive on October 29, 2026. Looking at past instances where DE's MACD turned positive, the stock continued to rise in 31 of 45 cases over the following month. The odds of a continued upward trend are 69%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where DE's RSI Indicator exited the oversold zone, 16 of 24 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 67%.
The Momentum Indicator moved above the 0 level on October 29, 2026. You may want to consider a long position or call options on DE as a result. In 52 of 84 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 62%.
DE moved above its 50-day moving average on November 06, 2026 date and that indicates a change from a downward trend to an upward trend.
Following a +4.22% 3-day Advance, the price is estimated to grow further. Considering data from situations where DE advanced for three days, in 199 of 333 cases, the price rose further within the following month. The odds of a continued upward trend are 60%.
Bearish Trend Analysis
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 6 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
The 10-day moving average for DE crossed bearishly below the 50-day moving average on October 16, 2026. This indicates that the trend has shifted lower and could be considered a sell signal. In 12 of 18 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 67%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where DE declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 58%.
DE broke above its upper Bollinger Band on October 29, 2026. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Aroon Indicator for DE entered a downward trend on October 21, 2026. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Fundamental Analysis (Ratings)
The Tickeron PE Growth Rating for this company is 9 (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is 10 (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 78, placing this stock better than average.
The Tickeron Price Growth Rating for this company is 29 (best 1 - 100 worst), indicating outstanding price growth. DE’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is 49 (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Seasonality Score of 50 (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron Valuation Rating of 83 (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: DE's P/B Ratio (6.470) is slightly higher than the industry average of (2.277). P/E Ratio (37.231) is within average values for comparable stocks, (3.106). Projected Growth (PEG Ratio) (1.600) is also within normal values, averaging (1.745). Dividend Yield (0.010) settles around the average of (0.017) among similar stocks. DE's P/S Ratio (3.868) is very high in comparison to the industry average of (1.169).
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a manufacturer of agricultural, industrial, commercial and consumer equipment
Industry TrucksConstructionFarmMachinery
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