Deere stock holds firm after earnings beat
Published on 08/28/2026 at 12:33 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Deere & Co. (US24419L1061) held a $622.67 opening price on August 28, 2026, with a $168.08 billion market value and a one-year range of $433.00 to $674.19. The move keeps attention on the company's fiscal third-quarter results, which showed $5.10 in earnings per share and $12.61 billion in revenue.
Earnings still set the tone
The fiscal third quarter ended with EPS of $5.10, beating the $4.69 consensus by $0.41, while revenue rose 6.2 percent from the prior year quarter to $12.61 billion. Net income reached $1.379 billion, and the net margin was 10.16 percent, giving investors a clearer read on profit quality after the latest report.
That comparison matters because Deere's average price target sits at $653.48, only $30.81 above the opening price cited in the market data. The gap is not large enough to dominate the story, but it does show that expectations have stayed close to the shares after the earnings release.
Valuation stays elevated
MarketBeat's stock snapshot also puts Deere at a 34.59 price-to-earnings ratio and a 2.62 PEG ratio, while the 50-day moving average stands at $610.78 and the 200-day moving average at $593.08. Those figures place the shares above both trend lines and keep valuation in view after the earnings beat.
Why the machinery cycle matters
Deere's farm and heavy construction machinery business remains the core of the stock story, with the latest quarter showing the benefit of revenue growth and a 7 percent year-over-year rise in net income. For investors, the combination of a $12.61 billion quarter and a market cap above $168 billion keeps earnings quality and margin resilience ahead of the product cycle.
Tractors and precision farming
Deere's John Deere-branded tractors, combines and precision-agriculture equipment remain the clearest expression of the business model, linking machinery sales with software, service and replacement demand.
Trading level to watch
Deere stock opened at $622.67 on August 28, 2026, after trading within a $433.00 to $674.19 52-week range. The shares are still below the range high, but well above the 50-day and 200-day averages.
Fact box
Company: Deere & Co.
ISIN: US24419L1061
Ticker: DE
Exchange: NYSE
Price (as of August 28, 2026): $622.67
Market cap: $168.08 billion
Sector / Industry: Industrials / Farm & Heavy Construction Machinery
Index membership: S&P 500
