DE · PEAD ↓ 48

Deere & Co reported Q2 FY2026 EPS of $6.55 on 2026-05-21, beating the $5.74 consensus by $0.81 (+14.1%); prior-year comparable EPS is not available in the current data feed.

Print-day reaction was –5.2%, with DE opening sharply lower at $547.18 and closing at $531.35 despite the EPS beat — the market treated guidance or macro context as the operative signal, not the headline number. The overnight gap into T+1 was essentially flat at +0.03%, indicating no after-hours recovery or further fade. Over the following two trading sessions the stock drifted just +0.05%, neither recovering the initial drop nor extending it meaningfully. Cumulative abnormal return of –6.8% versus SPY.US places this firmly in PEAD short territory; the drift confirms the initial negative reaction, and the documented pattern holds through the window ending 2026-08-18.