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Deere (DE) Stock Sinks As Market Gains: What You Should Know
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In the latest trading session, Deere (DE - Free Report) closed at $579.99, marking a -1.24% move from the previous day. This change lagged the S&P 500's daily gain of 1.05%. At the same time, the Dow added 0.69%, and the tech-heavy Nasdaq gained 1.64%.
Shares of the agricultural equipment manufacturer witnessed a gain of 0.73% over the previous month, trailing the performance of the Industrial Products sector with its gain of 9.4%, and the S&P 500's gain of 8.59%.
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 $5.8, showcasing a 12.65% downward movement from the corresponding quarter of the prior year. Simultaneously, our latest consensus estimate expects the revenue to be $11.41 billion, showing a 2.12% escalation compared to the year-ago quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $18 per share and revenue of $40.81 billion. These totals would mark changes of -2.7% and +4.86%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for Deere. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.14% higher within the past month. Deere presently features a Zacks Rank of #3 (Hold).
In terms of valuation, Deere is presently being traded at a Forward P/E ratio of 32.64. This valuation marks a premium compared to its industry average Forward P/E of 20.71.
Also, we should mention that DE has a PEG ratio of 2.05. 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 the market closed yesterday, the Manufacturing - Farm Equipment industry was having an average PEG ratio of 1.28.
The Manufacturing - Farm Equipment industry is part of the Industrial Products sector. This industry, currently bearing a Zacks Industry Rank of 220, finds itself in the bottom 10% echelons 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) Stock Sinks As Market Gains: What You Should Know
In the latest trading session, Deere (DE - Free Report) closed at $579.99, marking a -1.24% move from the previous day. This change lagged the S&P 500's daily gain of 1.05%. At the same time, the Dow added 0.69%, and the tech-heavy Nasdaq gained 1.64%.
Shares of the agricultural equipment manufacturer witnessed a gain of 0.73% over the previous month, trailing the performance of the Industrial Products sector with its gain of 9.4%, and the S&P 500's gain of 8.59%.
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 $5.8, showcasing a 12.65% downward movement from the corresponding quarter of the prior year. Simultaneously, our latest consensus estimate expects the revenue to be $11.41 billion, showing a 2.12% escalation compared to the year-ago quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $18 per share and revenue of $40.81 billion. These totals would mark changes of -2.7% and +4.86%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for Deere. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.14% higher within the past month. Deere presently features a Zacks Rank of #3 (Hold).
In terms of valuation, Deere is presently being traded at a Forward P/E ratio of 32.64. This valuation marks a premium compared to its industry average Forward P/E of 20.71.
Also, we should mention that DE has a PEG ratio of 2.05. 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 the market closed yesterday, the Manufacturing - Farm Equipment industry was having an average PEG ratio of 1.28.
The Manufacturing - Farm Equipment industry is part of the Industrial Products sector. This industry, currently bearing a Zacks Industry Rank of 220, finds itself in the bottom 10% echelons 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.