Deere & Co (NYSE:DE) Q3 2025 Earnings: EPS Beat Overshadowed by Revenue Miss and 7.5% Pre-Market Drop

Deere & Co (NYSE:DE) reported its third-quarter earnings for fiscal 2025, posting net income of $1.289 billion, or $4.75 per share. While the company managed to exceed analyst expectations on earnings per share (EPS), it fell short on revenue, contributing to a sharp pre-market decline of over 7.5%.

Key Takeaways from the Earnings Report

• EPS Performance: Deere reported Q3 EPS of $4.75, slightly beating the consensus estimate of $4.77. However, this represents a decline from $6.29 per share in the same quarter last year.
• Revenue Miss: Sales came in at $10.36 billion, below the estimated $10.62 billion, reflecting ongoing challenges in the agricultural and construction equipment markets.
• Year-to-Date Comparison: For the first nine months of 2025, net income stood at $3.962 billion ($14.57 per share), down significantly from $5.855 billion ($21.04 per share) in the prior-year period.

Market Reaction

The immediate pre-market drop suggests investor disappointment, likely driven by the revenue miss and broader concerns about weakening demand in Deere’s core markets. The company has been grappling with subdued farmer spending due to lower grain prices, as highlighted in recent news reports. While the EPS beat may provide some relief, the revenue shortfall appears to be the dominant factor in the negative price action.

Outlook and Analyst Expectations

Deere did not provide explicit forward guidance in the press release, but analysts currently estimate:

• Q4 2025 Revenue: $10.15 billion
• Full-Year 2025 Revenue: $39.28 billion
• Full-Year 2025 EPS: $19.34

Given the softer sales performance in Q3, investors will be watching closely to see whether Deere can meet these full-year projections. The company’s ability to navigate macroeconomic headwinds—particularly in agriculture—will be critical in determining whether the stock can recover from its current downturn.

For a deeper dive into Deere’s earnings history and future estimates, see the earnings and estimates page.

Disclaimer: This article is for informational purposes only and does not constitute investment advice.