Deere & Company (DE) earnings on May 21, 2026
Prior outlook: Optimistic Outcome: Partial
The stock price dropped over 5% despite the company reporting better-than-expected results and offering a positive outlook. The market reacted negatively to the news.
DE price around the earnings
531.35
Change: -5.2%
2026-05-21, 23:59 UTC
- Price: green if it ends above the starting price; red if it ends below
- Start of the measured window
- End of the measured window
- Market open
- Starting price
Prior thesis
Prior outlook: Optimistic Outcome: Partial
Solid beat, analysts positive, upside potential.
The company reported strong earnings that beat expectations, and analysts maintain a positive outlook with significant upside potential. However, recent price trends show some weakness heading into the report.
Context analyzed before publication
- Summary
- Analysts point to an optimistic scenario despite negative growth; momentum is oversold.
- Reasoning
- While analysts cite an optimistic scenario, they also anticipate negative growth estimates for the company. Recent negative momentum has created an oversold condition, suggesting a speculative opportunity ahead of earnings.
- Playbook
- Given the mixed contexts of analyst optimism and negative growth/momentum, the oversold condition represents a short-term market review opportunity.
- Trend
- Momentum deteriorating; the scenario reads pessimistic into earnings.
Analysts
Drivers
-
Analysts
Positive
El precio objetivo promedio de los analistas sugiere un escenario optimista de casi un 19%, con una recomendación de compra fuerte por parte de la comunidad de analistas.
Evidence
- Analyst consensus
- Buy
- Consensus average (1-5)
- 2.13
- Analysts covering the stock
- 23
- Average price target
- 665.1
- Lowest price target
- 500
- Highest price target
- 793
- Upside to price target
- 18.7%
- Quarterly earnings growth
- -9.8%
- Revenue growth
- -11.1%
- Forward EPS
- 23.02
- Trailing EPS
- 17.75
- Analyst moves in the last 60 days
- 3
- Strong buy: 5
- Buy: 8
- Hold: 11
- Sell: 0
- Strong sell: 0
- Strong buy
- 5
- Buy
- 8
- Hold
- 11
- Sell
- 0
- Strong sell
- 0
- April 10, 2026 · JP Morgan: Maintains rating (Neutral → Neutral)
- April 8, 2026 · Jefferies: Upgrades rating (Underperform → Hold)
- April 1, 2026 · Barclays: Maintains rating (Overweight → Overweight)
News and sentiment
Drivers
-
News & sentiment
Negative
Some recent analyst actions, including downgrades from major firms, context a degree of caution among experts.
Evidence
Sentiment
- Sentiment
- Cautious
- Mention volume
- Low
- Normalized volume
- 33%
News
Sources (3)
- $100 Invested In Deere 10 Years Ago Would Be Worth This Much Today — Benzinga
- Deere & Company Board Elects Brent Norwood As Chief Financial Officer Effective May 1 — Benzinga
- Here's How Much $1000 Invested In Deere 10 Years Ago Would Be Worth Today — Benzinga
Technicals
Drivers
-
Technical
Negative
The stock's momentum has turned negative over the past 14 and 30 days, indicating a downward trend as earnings approach.
Evidence
- Average true range (ATR)
- 2.4%
- Distance to 52-week high
- -16.9%
- 14-day change (14d)
- -5.0%
- 30-day change (30d)
- -8.0%
- 30-day relative strength
- -8.0%
- Benchmark change (0d)
- +0.0%
- Nearest support
- 559.62
- Nearest resistance
- 564.46
- Volume accumulation ratio (14d / 46d)
- 0.79
Trends
Drivers
-
Macro & trends
Negative
Current estimates indicate negative growth for both earnings per share and revenue in the near term.
Evidence
- Average earnings surprise
- +9.5%
- February 19, 2026: actual EPS 2.42 vs estimate 2.1 (surprise +15.4%)
- November 26, 2025: actual EPS 3.93 vs estimate 3.83 (surprise +2.5%)
- August 14, 2025: actual EPS 4.75 vs estimate 4.66 (surprise +1.9%)
- May 15, 2025: actual EPS 6.64 vs estimate 5.62 (surprise +18.1%)
Expected move
Drivers
-
Past earnings
Positive
Historically, the company has consistently beaten earnings expectations, achieving a 100% beat rate with an average surprise of 9.5%.
There is no implied-move data available for this event.
Reactions over its last 19 earnings
- Median move
- 5.2%
- 75th percentile move
- 6.6%
- 90th percentile move
- 8.9%
- Up / down moves
- 8 / 11
- Average up move
- +6.0%
- Average down move
- -4.9%
Monitoring and close
What Deere & Company reported
There is no monitoring data available for this event.
Pre-market second reading after the results
There is no second reading available for this event.
How the stock reacted
- Outcome
- Partial
- Consolidated
- -5.2%
- Max favorable move (MFE)
- 2.8%
- Max adverse move (MAE)
- 8.1%