How does DE's earnings performance stack up against peers?

John Deere's (DE) earnings performance is robust compared to its peers, showcasing resilience amid industry challenges. Here's a detailed analysis:

1. **Net Income Comparison**:
- DE reported a net income of $867 million, significantly higher than CNH Industrial's $176 million and AGCO Corporation's $-313.6 million.
- Kubota Corporation's net income was $297,000, which is substantially lower than DE's net income.
2. **Revenue Comparison**:
- DE's total revenue for the period was $8.51 billion, surpassing CNH Industrial's $4.88 billion and AGCO's $2.89 billion.
- Caterpillar Inc., another competitor, did not disclose revenue figures in the report period.
3. **Profit Margins**:
- DE's net income margin (net income/revenue) is higher than CNH Industrial's, indicating better profitability relative to its sales.
- AGCO's negative net income suggests significant challenges or one-time expenses, which is a stark contrast to DE's positive performance.
4. **Market Position**:
- DE holds a strong market position, with a global market share of approximately 25% in agriculture and farming equipment.
- DE's sales are over twice those of its largest competitor, CNH Industrial, which is a strong indicator of its competitive strength.
5. **Earnings Trends**:
- DE has demonstrated a consistent earnings track record, with a recent report period showing a positive net income and revenue.
- Despite a neutral consensus rating from analysts, the average one-year price target suggests potential upside, which could be driven by DE's stable earnings performance and market leadership.

In conclusion, John Deere's earnings performance is superior to its peers, CNH Industrial and AGCO, with significant differences in net income and revenue. DE's strong market position and consistent earnings trend position it well within the agricultural machinery sector.