Subtext

Deere & Company DE

SectorIndustrials
Transcripts72
Date range2007-08-15 – 2025-05-15
Calls charted72

Sentiment timeline

Net Loughran-McDonald sentiment per call (×1000), earliest → latest.

-15-7+0+7+152007 Q32009 Q42012 Q12014 Q22016 Q32018 Q42021 Q12023 Q22007 Q3 · Overall: +1.82007 Q4 · Overall: +4.72008 Q1 · Overall: +5.62008 Q2 · Overall: +3.72008 Q3 · Overall: +3.72008 Q4 · Overall: -3.22009 Q1 · Overall: -3.52009 Q2 · Overall: -4.82009 Q3 · Overall: -0.72009 Q4 · Overall: -2.82010 Q1 · Overall: +3.82010 Q2 · Overall: +5.42010 Q3 · Overall: +4.82010 Q4 · Overall: +5.92011 Q1 · Overall: +6.22011 Q2 · Overall: +4.82011 Q3 · Overall: +3.12011 Q4 · Overall: +9.62012 Q1 · Overall: +2.42012 Q2 · Overall: +7.62012 Q3 · Overall: -4.82012 Q4 · Overall: +3.52013 Q1 · Overall: +2.12013 Q2 · Overall: -1.92013 Q3 · Overall: +2.12013 Q4 · Overall: +5.52014 Q1 · Overall: +0.92014 Q2 · Overall: +1.72014 Q3 · Overall: +0.72014 Q4 · Overall: -1.72015 Q1 · Overall: +0.72015 Q2 · Overall: -1.82015 Q3 · Overall: -3.12015 Q4 · Overall: -6.52016 Q1 · Overall: +1.02016 Q2 · Overall: -5.02016 Q3 · Overall: -0.92016 Q4 · Overall: +2.42017 Q1 · Overall: +9.42017 Q2 · Overall: +8.12017 Q3 · Overall: +4.92017 Q4 · Overall: +10.82018 Q1 · Overall: +10.02018 Q2 · Overall: +9.32018 Q3 · Overall: +9.92018 Q4 · Overall: +4.72019 Q1 · Overall: +2.52019 Q2 · Overall: -0.72019 Q3 · Overall: +0.22019 Q4 · Overall: +2.82020 Q1 · Overall: +4.02020 Q2 · Overall: +1.42020 Q3 · Overall: +7.02020 Q4 · Overall: +9.72021 Q1 · Overall: +13.02021 Q2 · Overall: +9.12021 Q3 · Overall: +6.82021 Q4 · Overall: +6.62022 Q1 · Overall: +12.22022 Q2 · Overall: +1.42022 Q3 · Overall: +3.52022 Q4 · Overall: +6.92023 Q1 · Overall: +11.32023 Q2 · Overall: +10.12023 Q3 · Overall: +2.62023 Q4 · Overall: +11.32024 Q1 · Overall: +7.72024 Q2 · Overall: +3.62024 Q3 · Overall: +3.02024 Q4 · Overall: +9.32025 Q1 · Overall: +7.42025 Q2 · Overall: +10.5
Overall

CEO vs CFO

Average sentiment of each executive's remarks per call. Divergence is a signal.

-31-15+0+15+312007 Q32009 Q42012 Q12014 Q22016 Q32018 Q42021 Q12023 Q22020 Q2 · CEO: +6.02022 Q1 · CEO: +24.62022 Q4 · CEO: +13.72024 Q1 · CEO: +26.32024 Q3 · CEO: +16.22024 Q4 · CEO: +19.62025 Q2 · CEO: +19.22007 Q3 · CFO: +6.52008 Q1 · CFO: +10.82008 Q2 · CFO: +13.32008 Q3 · CFO: +6.62008 Q4 · CFO: -12.72009 Q1 · CFO: +3.62009 Q2 · CFO: +12.52009 Q3 · CFO: +2.12009 Q4 · CFO: +7.32010 Q1 · CFO: +2.32010 Q2 · CFO: +16.22010 Q3 · CFO: +8.72010 Q4 · CFO: -6.42011 Q1 · CFO: +2.72011 Q2 · CFO: +8.22011 Q3 · CFO: -2.12011 Q4 · CFO: +0.02012 Q1 · CFO: +11.72012 Q2 · CFO: +10.02012 Q3 · CFO: -9.92012 Q4 · CFO: +4.12013 Q1 · CFO: +2.62013 Q2 · CFO: +4.12013 Q3 · CFO: +3.52013 Q4 · CFO: +7.42014 Q1 · CFO: +5.12014 Q2 · CFO: +8.82014 Q3 · CFO: +2.82014 Q4 · CFO: +2.12015 Q1 · CFO: +3.12015 Q2 · CFO: +0.92015 Q3 · CFO: -3.52015 Q4 · CFO: -0.82016 Q1 · CFO: -5.32016 Q2 · CFO: -1.02016 Q3 · CFO: +0.32016 Q4 · CFO: +4.82017 Q1 · CFO: +3.22017 Q2 · CFO: +12.72017 Q3 · CFO: +8.72017 Q4 · CFO: +15.32018 Q1 · CFO: +15.32018 Q2 · CFO: +12.62018 Q3 · CFO: +20.02018 Q4 · CFO: +16.92019 Q1 · CFO: +12.32019 Q2 · CFO: -1.72019 Q3 · CFO: +8.72019 Q4 · CFO: +16.72020 Q1 · CFO: +10.82020 Q2 · CFO: +1.02020 Q3 · CFO: +17.82020 Q4 · CFO: +17.02021 Q1 · CFO: +26.92021 Q2 · CFO: +13.52021 Q3 · CFO: +15.92021 Q4 · CFO: +13.22022 Q1 · CFO: +22.72022 Q2 · CFO: +12.92022 Q3 · CFO: -12.22022 Q4 · CFO: +9.02023 Q2 · CFO: +16.52023 Q3 · CFO: +4.62023 Q4 · CFO: +22.22024 Q1 · CFO: +11.12024 Q2 · CFO: +18.12024 Q3 · CFO: +0.02024 Q4 · CFO: +11.32025 Q1 · CFO: +9.32025 Q2 · CFO: +13.3
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-26-13+0+13+262007 Q32009 Q42012 Q12014 Q22016 Q32018 Q42021 Q12023 Q22007 Q3 · Prepared remarks: +10.82007 Q4 · Prepared remarks: +10.92008 Q1 · Prepared remarks: +8.22008 Q2 · Prepared remarks: +4.42008 Q3 · Prepared remarks: +8.22008 Q4 · Prepared remarks: -1.32009 Q1 · Prepared remarks: -0.32009 Q2 · Prepared remarks: -5.12009 Q3 · Prepared remarks: -0.32009 Q4 · Prepared remarks: +0.72010 Q1 · Prepared remarks: +10.92010 Q2 · Prepared remarks: +15.82010 Q3 · Prepared remarks: +10.12010 Q4 · Prepared remarks: +15.32011 Q1 · Prepared remarks: +15.82011 Q2 · Prepared remarks: +10.22011 Q3 · Prepared remarks: +12.12011 Q4 · Prepared remarks: +16.32012 Q1 · Prepared remarks: +0.02012 Q2 · Prepared remarks: +10.72012 Q3 · Prepared remarks: -3.32012 Q4 · Prepared remarks: +4.72013 Q1 · Prepared remarks: +0.02013 Q2 · Prepared remarks: +2.02013 Q3 · Prepared remarks: +0.42013 Q4 · Prepared remarks: +12.52014 Q1 · Prepared remarks: +2.72014 Q2 · Prepared remarks: +4.02014 Q3 · Prepared remarks: +0.42014 Q4 · Prepared remarks: -3.52015 Q1 · Prepared remarks: -0.82015 Q2 · Prepared remarks: -0.42015 Q3 · Prepared remarks: -4.32015 Q4 · Prepared remarks: -1.72016 Q1 · Prepared remarks: -5.12016 Q2 · Prepared remarks: -2.22016 Q3 · Prepared remarks: -1.62016 Q4 · Prepared remarks: +2.72017 Q1 · Prepared remarks: +8.52017 Q2 · Prepared remarks: +12.62017 Q3 · Prepared remarks: +11.52017 Q4 · Prepared remarks: +14.42018 Q1 · Prepared remarks: +10.72018 Q2 · Prepared remarks: +16.12018 Q3 · Prepared remarks: +15.22018 Q4 · Prepared remarks: +10.42019 Q1 · Prepared remarks: +10.12019 Q2 · Prepared remarks: +4.72019 Q3 · Prepared remarks: -2.72019 Q4 · Prepared remarks: +7.42020 Q1 · Prepared remarks: +15.22020 Q2 · Prepared remarks: +0.62020 Q3 · Prepared remarks: +10.52020 Q4 · Prepared remarks: +15.22021 Q1 · Prepared remarks: +21.22021 Q2 · Prepared remarks: +17.42021 Q3 · Prepared remarks: +17.52021 Q4 · Prepared remarks: +11.22022 Q1 · Prepared remarks: +16.42022 Q2 · Prepared remarks: +6.62022 Q3 · Prepared remarks: +6.52022 Q4 · Prepared remarks: +7.62023 Q1 · Prepared remarks: +18.62023 Q2 · Prepared remarks: +9.02023 Q3 · Prepared remarks: +19.02023 Q4 · Prepared remarks: +15.22024 Q1 · Prepared remarks: +22.62024 Q2 · Prepared remarks: +17.72024 Q3 · Prepared remarks: +6.62024 Q4 · Prepared remarks: +11.82025 Q1 · Prepared remarks: +6.22025 Q2 · Prepared remarks: +16.62007 Q3 · Q&A responses: +2.92007 Q4 · Q&A responses: +3.52008 Q1 · Q&A responses: +7.72008 Q2 · Q&A responses: +8.02008 Q3 · Q&A responses: +5.52008 Q4 · Q&A responses: -2.82009 Q1 · Q&A responses: +0.02009 Q2 · Q&A responses: -1.22009 Q3 · Q&A responses: +7.42009 Q4 · Q&A responses: +1.12010 Q1 · Q&A responses: +2.72010 Q2 · Q&A responses: +4.32010 Q3 · Q&A responses: +4.52010 Q4 · Q&A responses: +3.02011 Q1 · Q&A responses: +3.62011 Q2 · Q&A responses: +4.52011 Q3 · Q&A responses: +1.32011 Q4 · Q&A responses: +8.82012 Q1 · Q&A responses: +10.62012 Q2 · Q&A responses: +9.52012 Q3 · Q&A responses: +0.42012 Q4 · Q&A responses: +5.52013 Q1 · Q&A responses: +5.32013 Q2 · Q&A responses: +0.02013 Q3 · Q&A responses: +5.22013 Q4 · Q&A responses: +9.32014 Q1 · Q&A responses: +5.92014 Q2 · Q&A responses: +4.42014 Q3 · Q&A responses: +5.32014 Q4 · Q&A responses: +1.12015 Q1 · Q&A responses: +5.22015 Q2 · Q&A responses: +1.32015 Q3 · Q&A responses: +1.72016 Q1 · Q&A responses: +6.72016 Q2 · Q&A responses: -1.32016 Q3 · Q&A responses: +3.02016 Q4 · Q&A responses: +4.32017 Q1 · Q&A responses: +11.52017 Q2 · Q&A responses: +12.82017 Q3 · Q&A responses: +7.12017 Q4 · Q&A responses: +15.92018 Q1 · Q&A responses: +14.12018 Q2 · Q&A responses: +13.12018 Q3 · Q&A responses: +6.82018 Q4 · Q&A responses: +5.92019 Q1 · Q&A responses: +0.82019 Q2 · Q&A responses: +1.82019 Q3 · Q&A responses: +5.32019 Q4 · Q&A responses: +7.22020 Q1 · Q&A responses: +2.62020 Q2 · Q&A responses: +7.92020 Q3 · Q&A responses: +8.12020 Q4 · Q&A responses: +9.82021 Q1 · Q&A responses: +10.52021 Q2 · Q&A responses: +10.22021 Q3 · Q&A responses: +0.62021 Q4 · Q&A responses: +3.62022 Q1 · Q&A responses: +7.02022 Q2 · Q&A responses: +1.12022 Q3 · Q&A responses: +5.22022 Q4 · Q&A responses: +12.12023 Q1 · Q&A responses: +9.42023 Q2 · Q&A responses: +11.82023 Q3 · Q&A responses: -4.92023 Q4 · Q&A responses: +22.02024 Q1 · Q&A responses: +3.72024 Q2 · Q&A responses: +2.02024 Q3 · Q&A responses: -1.42024 Q4 · Q&A responses: +10.32025 Q1 · Q&A responses: +11.42025 Q2 · Q&A responses: +4.3
Prepared remarksQ&A responses

Tone vs forward expectations

Management tone next to Wall Street's forward-looking numbers (glopardo): the 12-month forward EPS estimate and the forward P/E per call.

Forward EPS estimate

$1.42$18.39$35.372007 Q32009 Q42012 Q12014 Q22016 Q32018 Q42021 Q12023 Q22014 Q1: $8.102014 Q2: $7.972014 Q3: $6.962014 Q4: $5.462015 Q1: $5.272015 Q2: $5.342015 Q3: $4.582015 Q4: $4.252016 Q1: $4.122016 Q2: $3.762016 Q3: $3.862016 Q4: $4.592017 Q1: $5.102017 Q2: $6.732017 Q3: $7.162017 Q4: $8.362018 Q1: $10.202018 Q2: $10.972018 Q3: $11.502018 Q4: $11.722019 Q1: $11.782019 Q2: $11.152019 Q3: $11.072019 Q4: $9.742020 Q1: $10.122020 Q2: $7.712020 Q3: $9.992020 Q4: $13.292021 Q1: $16.762021 Q2: $19.872021 Q3: $22.022021 Q4: $22.742022 Q1: $24.032022 Q2: $25.362022 Q3: $25.882022 Q4: $28.342023 Q1: $31.202023 Q2: $32.152023 Q3: $33.022023 Q4: $28.342024 Q1: $27.422024 Q2: $25.402024 Q3: $22.962024 Q4: $20.05

Forward P/E

9.8316.7023.582007 Q32009 Q42012 Q12014 Q22016 Q32018 Q42021 Q12023 Q22014 Q1: 10.782014 Q2: 11.442014 Q3: 12.012014 Q4: 16.242015 Q1: 16.962015 Q2: 17.282015 Q3: 17.762015 Q4: 18.392016 Q1: 19.782016 Q2: 22.562016 Q3: 20.872016 Q4: 21.922017 Q1: 21.712017 Q2: 18.792017 Q3: 16.392017 Q4: 18.182018 Q1: 15.712018 Q2: 13.982018 Q3: 13.252018 Q4: 12.472019 Q1: 13.562019 Q2: 14.342019 Q3: 14.942019 Q4: 17.722020 Q1: 11.292020 Q2: 20.182020 Q3: 21.562020 Q4: 19.642021 Q1: 22.632021 Q2: 16.942021 Q3: 16.342021 Q4: 15.132022 Q1: 16.152022 Q2: 13.032022 Q3: 13.952022 Q4: 15.472023 Q1: 12.522023 Q2: 12.412023 Q3: 12.182023 Q4: 13.302024 Q1: 13.812024 Q2: 15.072024 Q3: 17.472024 Q4: 21.25

Divergence watch ⚑

Quarters where tone and the forward EPS estimate moved opposite ways.

  • 2015 Q1 tone ↑ +2.4 fwd EPS ↓ -0.20 Tone rose while the forward EPS estimate was cut.
  • 2015 Q2 tone ↓ -2.6 fwd EPS ↑ +0.07 Tone cooled even as the forward EPS estimate rose.
  • 2016 Q1 tone ↑ +7.5 fwd EPS ↓ -0.14 Tone rose while the forward EPS estimate was cut.
  • 2017 Q3 tone ↓ -3.3 fwd EPS ↑ +0.43 Tone cooled even as the forward EPS estimate rose.
  • 2018 Q4 tone ↓ -5.2 fwd EPS ↑ +0.22 Tone cooled even as the forward EPS estimate rose.
  • 2019 Q4 tone ↑ +2.6 fwd EPS ↓ -1.33 Tone rose while the forward EPS estimate was cut.
  • 2021 Q2 tone ↓ -3.9 fwd EPS ↑ +3.11 Tone cooled even as the forward EPS estimate rose.
  • 2021 Q3 tone ↓ -2.4 fwd EPS ↑ +2.14 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q2 tone ↓ -10.8 fwd EPS ↑ +1.33 Tone cooled even as the forward EPS estimate rose.
  • 2023 Q3 tone ↓ -7.4 fwd EPS ↑ +0.88 Tone cooled even as the forward EPS estimate rose.
  • 2023 Q4 tone ↑ +8.7 fwd EPS ↓ -4.68 Tone rose while the forward EPS estimate was cut.
  • 2024 Q4 tone ↑ +6.3 fwd EPS ↓ -2.91 Tone rose while the forward EPS estimate was cut.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q22025-05-15+10.5——View →
2025 Q12025-02-13+7.4——View →
2024 Q42024-11-21+9.3$20.0521.2View →
2024 Q32024-08-15+3.0$22.9617.5View →
2024 Q22024-05-16+3.6$25.4015.1View →
2024 Q12024-02-15+7.7$27.4213.8View →
2023 Q42023-11-22+11.3$28.3413.3View →
2023 Q32023-08-18+2.6$33.0212.2View →