Deere Q3 EPS Beats on $110M Tariff Refunds; Ag Weakness Persists
DE sits 37% above its 52-week low of $433.
Summary
Deere's Q3 EPS of $5.10 beat the $4.69 consensus, boosted by $110 million in tariff refunds that added about 30 cents per share. The large ag equipment segment remains weak—sales down 6% and operating profit down 9%—but construction & forestry surged with sales up 18% and profit up 84%. Shares are up about 3% premarket. This follows the earlier guidance raise to $4.75–$5.0 billion for FY26, and the tariff refunds explain part of the beat. John Deere lifted guidance as Q3 earnings and revenue beat forecasts.
At the time of this announcement, DE was trading at $593.50 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $156.7B. The 52-week trading range was $433.00 to $674.19. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.