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Deere (DE) Sees a More Significant Dip Than Broader Market: Some Facts to Know
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Deere (DE - Free Report) closed at $566.64 in the latest trading session, marking a -2.5% move from the prior day. The stock trailed the S&P 500, which registered a daily loss of 1.67%. Meanwhile, the Dow lost 1.73%, and the Nasdaq, a tech-heavy index, lost 2.15%.
Heading into today, shares of the agricultural equipment manufacturer had lost 6.18% over the past month, outpacing the Industrial Products sector's loss of 9.13% and lagging the S&P 500's loss of 6.15%.
Market participants will be closely following the financial results of Deere in its upcoming release. The company plans to announce its earnings on May 21, 2026. The company is forecasted to report an EPS of $5.81, showcasing a 12.5% downward movement from the corresponding quarter of the prior year. Meanwhile, the latest consensus estimate predicts the revenue to be $11.43 billion, indicating a 2.29% increase compared to the same quarter of the previous year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $17.97 per share and revenue of $40.85 billion, indicating changes of -2.86% and +4.97%, respectively, compared to the previous year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Deere. These revisions help to show the ever-changing nature of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 1.01% increase. Deere currently has a Zacks Rank of #3 (Hold).
In terms of valuation, Deere is presently being traded at a Forward P/E ratio of 32.34. This indicates a premium in contrast to its industry's Forward P/E of 19.36.
We can additionally observe that DE currently boasts a PEG ratio of 2.03. 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. As of the close of trade yesterday, the Manufacturing - Farm Equipment industry held an average PEG ratio of 1.33.
The Manufacturing - Farm Equipment industry is part of the Industrial Products sector. This industry, currently bearing a Zacks Industry Rank of 170, finds itself in the bottom 31% echelons of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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Deere (DE) Sees a More Significant Dip Than Broader Market: Some Facts to Know
Deere (DE - Free Report) closed at $566.64 in the latest trading session, marking a -2.5% move from the prior day. The stock trailed the S&P 500, which registered a daily loss of 1.67%. Meanwhile, the Dow lost 1.73%, and the Nasdaq, a tech-heavy index, lost 2.15%.
Heading into today, shares of the agricultural equipment manufacturer had lost 6.18% over the past month, outpacing the Industrial Products sector's loss of 9.13% and lagging the S&P 500's loss of 6.15%.
Market participants will be closely following the financial results of Deere in its upcoming release. The company plans to announce its earnings on May 21, 2026. The company is forecasted to report an EPS of $5.81, showcasing a 12.5% downward movement from the corresponding quarter of the prior year. Meanwhile, the latest consensus estimate predicts the revenue to be $11.43 billion, indicating a 2.29% increase compared to the same quarter of the previous year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $17.97 per share and revenue of $40.85 billion, indicating changes of -2.86% and +4.97%, respectively, compared to the previous year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Deere. These revisions help to show the ever-changing nature of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 1.01% increase. Deere currently has a Zacks Rank of #3 (Hold).
In terms of valuation, Deere is presently being traded at a Forward P/E ratio of 32.34. This indicates a premium in contrast to its industry's Forward P/E of 19.36.
We can additionally observe that DE currently boasts a PEG ratio of 2.03. 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. As of the close of trade yesterday, the Manufacturing - Farm Equipment industry held an average PEG ratio of 1.33.
The Manufacturing - Farm Equipment industry is part of the Industrial Products sector. This industry, currently bearing a Zacks Industry Rank of 170, finds itself in the bottom 31% echelons of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.