We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Deere (DE) Ascends But Remains Behind Market: Some Facts to Note
Read MoreHide Full Article
The latest trading session saw Deere (DE - Free Report) ending at $401.64, denoting a +0.09% adjustment from its last day's close. The stock lagged the S&P 500's daily gain of 0.14%. At the same time, the Dow added 0.3%, and the tech-heavy Nasdaq gained 0.16%.
Coming into today, shares of the agricultural equipment manufacturer had gained 11.46% in the past month. In that same time, the Industrial Products sector gained 10.3%, while the S&P 500 gained 4.89%.
The upcoming earnings release of Deere will be of great interest to investors. The company's upcoming EPS is projected at $5.25, signifying a 19.85% drop compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $10.4 billion, reflecting an 8.82% fall from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $28.50 per share and revenue of $48.39 billion, which would represent changes of -17.7% and -12.91%, respectively, from the prior year.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Deere. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, there's been a 2.62% fall in the Zacks Consensus EPS estimate. Deere is currently sporting a Zacks Rank of #4 (Sell).
Valuation is also important, so investors should note that Deere has a Forward P/E ratio of 14.08 right now. This denotes a premium relative to the industry's average Forward P/E of 12.65.
It is also worth noting that DE currently has a PEG ratio of 1.16. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Manufacturing - Farm Equipment industry currently had an average PEG ratio of 1.29 as of yesterday's close.
The Manufacturing - Farm Equipment industry is part of the Industrial Products sector. At present, this industry carries a Zacks Industry Rank of 200, placing it within the bottom 21% of over 250 industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Deere (DE) Ascends But Remains Behind Market: Some Facts to Note
The latest trading session saw Deere (DE - Free Report) ending at $401.64, denoting a +0.09% adjustment from its last day's close. The stock lagged the S&P 500's daily gain of 0.14%. At the same time, the Dow added 0.3%, and the tech-heavy Nasdaq gained 0.16%.
Coming into today, shares of the agricultural equipment manufacturer had gained 11.46% in the past month. In that same time, the Industrial Products sector gained 10.3%, while the S&P 500 gained 4.89%.
The upcoming earnings release of Deere will be of great interest to investors. The company's upcoming EPS is projected at $5.25, signifying a 19.85% drop compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $10.4 billion, reflecting an 8.82% fall from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $28.50 per share and revenue of $48.39 billion, which would represent changes of -17.7% and -12.91%, respectively, from the prior year.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Deere. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, there's been a 2.62% fall in the Zacks Consensus EPS estimate. Deere is currently sporting a Zacks Rank of #4 (Sell).
Valuation is also important, so investors should note that Deere has a Forward P/E ratio of 14.08 right now. This denotes a premium relative to the industry's average Forward P/E of 12.65.
It is also worth noting that DE currently has a PEG ratio of 1.16. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Manufacturing - Farm Equipment industry currently had an average PEG ratio of 1.29 as of yesterday's close.
The Manufacturing - Farm Equipment industry is part of the Industrial Products sector. At present, this industry carries a Zacks Industry Rank of 200, placing it within the bottom 21% of over 250 industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.