Deere & Co. is slated to report second-quarter fiscal 2026 earnings ahead of the opening bell Thursday, with options markets pricing in a move of up to 5% in either direction after the results.
Shares of Deere (DE) were recently up 0.3% in Wednesday trading at $559.59, as markets weigh what the farming and construction equipment maker’s results could mean for a stock that has rallied sharply since the start of the year.
Based on current options pricing, traders are anticipating shares could swing up to 5% in either direction by the end of the week. A move of that size from Tuesday’s close of $558.07 could lift shares as high as $585 or drag them as low as $531.
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Shares are up close to 20% since the start of the year, supported by strong demand for Deere’s construction equipment tied to big tech’s data-centre build-out, which has offset weakness in the agriculture segment and pressure on margins from tariffs. The stock remains about 17% off a record high set in February, when the company reported solid first-quarter results.
Oppenheimer analysts recently wrote that Deere has the “most favourable” setup among agriculture equipment makers this earnings season, reiterating an “outperform” rating and $715 price target. The analysts said growing machinery demand in North America should offset weakness in South America, and suggested Deere could raise its forecast for construction sales.
Deere is expected to report $13.05 billion in revenue for the second quarter, up approximately 2% year-over-year, with earnings per share seen slipping to $5.61 from $6.64 in the same period last year, according to estimates compiled by Visible Alpha.
The nine analysts with current ratings tracked by Visible Alpha are divided between seven “buy” and two neutral ratings. Their average price target of $723 would suggest nearly 30% upside from Tuesday’s close.