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Deere (DE) Dips More Than Broader Markets: What You Should Know
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Deere (DE - Free Report) closed at $353.52 in the latest trading session, marking a -0.55% move from the prior day. This move lagged the S&P 500's daily loss of 0.47%.
Coming into today, shares of the agricultural equipment manufacturer had gained 1.59% in the past month. In that same time, the Industrial Products sector lost 0.52%, while the S&P 500 gained 3.38%.
DE will be looking to display strength as it nears its next earnings release, which is expected to be August 20, 2021. In that report, analysts expect DE to post earnings of $4.46 per share. This would mark year-over-year growth of 73.54%. Our most recent consensus estimate is calling for quarterly revenue of $10.2 billion, up 29.77% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $17.98 per share and revenue of $39.55 billion. These totals would mark changes of +106.9% and +26.47%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for DE. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.5% higher. DE currently has a Zacks Rank of #2 (Buy).
In terms of valuation, DE is currently trading at a Forward P/E ratio of 19.77. This represents a premium compared to its industry's average Forward P/E of 19.61.
We can also see that DE currently has a PEG ratio of 0.98. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Manufacturing - Farm Equipment stocks are, on average, holding a PEG ratio of 1.3 based on yesterday's closing prices.
The Manufacturing - Farm Equipment industry is part of the Industrial Products sector. This industry currently has a Zacks Industry Rank of 34, which puts it in the top 14% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Deere (DE) Dips More Than Broader Markets: What You Should Know
Deere (DE - Free Report) closed at $353.52 in the latest trading session, marking a -0.55% move from the prior day. This move lagged the S&P 500's daily loss of 0.47%.
Coming into today, shares of the agricultural equipment manufacturer had gained 1.59% in the past month. In that same time, the Industrial Products sector lost 0.52%, while the S&P 500 gained 3.38%.
DE will be looking to display strength as it nears its next earnings release, which is expected to be August 20, 2021. In that report, analysts expect DE to post earnings of $4.46 per share. This would mark year-over-year growth of 73.54%. Our most recent consensus estimate is calling for quarterly revenue of $10.2 billion, up 29.77% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $17.98 per share and revenue of $39.55 billion. These totals would mark changes of +106.9% and +26.47%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for DE. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.5% higher. DE currently has a Zacks Rank of #2 (Buy).
In terms of valuation, DE is currently trading at a Forward P/E ratio of 19.77. This represents a premium compared to its industry's average Forward P/E of 19.61.
We can also see that DE currently has a PEG ratio of 0.98. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Manufacturing - Farm Equipment stocks are, on average, holding a PEG ratio of 1.3 based on yesterday's closing prices.
The Manufacturing - Farm Equipment industry is part of the Industrial Products sector. This industry currently has a Zacks Industry Rank of 34, which puts it in the top 14% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.