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Deere (DE) Stock Slides as Market Rises: Facts to Know Before You Trade
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Deere (DE - Free Report) closed the most recent trading day at $579.68, moving -1.73% from the previous trading session. The stock fell short of the S&P 500, which registered a gain of 0.29% for the day. At the same time, the Dow lost 0.31%, and the tech-heavy Nasdaq gained 0.89%.
The stock of agricultural equipment manufacturer has risen by 2.46% in the past month, lagging the Industrial Products sector's gain of 10.48% and the S&P 500's gain of 10.54%.
Analysts and investors alike will be keeping a close eye on the performance of Deere in its upcoming earnings disclosure. The company's earnings report is set to go public on May 21, 2026. The company is expected to report EPS of $5.81, down 12.5% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $11.44 billion, up 2.38% from the year-ago period.
DE's full-year Zacks Consensus Estimates are calling for earnings of $18.01 per share and revenue of $40.82 billion. These results would represent year-over-year changes of -2.65% and +4.91%, respectively.
It is also important to note the recent changes to analyst estimates for Deere. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.2% increase. Currently, Deere is carrying a Zacks Rank of #3 (Hold).
Digging into valuation, Deere currently has a Forward P/E ratio of 32.75. For comparison, its industry has an average Forward P/E of 21.32, which means Deere is trading at a premium to the group.
We can additionally observe that DE currently boasts a PEG ratio of 2.06. 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. With its current Zacks Industry Rank of 219, this industry ranks in the bottom 11% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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Deere (DE) Stock Slides as Market Rises: Facts to Know Before You Trade
Deere (DE - Free Report) closed the most recent trading day at $579.68, moving -1.73% from the previous trading session. The stock fell short of the S&P 500, which registered a gain of 0.29% for the day. At the same time, the Dow lost 0.31%, and the tech-heavy Nasdaq gained 0.89%.
The stock of agricultural equipment manufacturer has risen by 2.46% in the past month, lagging the Industrial Products sector's gain of 10.48% and the S&P 500's gain of 10.54%.
Analysts and investors alike will be keeping a close eye on the performance of Deere in its upcoming earnings disclosure. The company's earnings report is set to go public on May 21, 2026. The company is expected to report EPS of $5.81, down 12.5% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $11.44 billion, up 2.38% from the year-ago period.
DE's full-year Zacks Consensus Estimates are calling for earnings of $18.01 per share and revenue of $40.82 billion. These results would represent year-over-year changes of -2.65% and +4.91%, respectively.
It is also important to note the recent changes to analyst estimates for Deere. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.2% increase. Currently, Deere is carrying a Zacks Rank of #3 (Hold).
Digging into valuation, Deere currently has a Forward P/E ratio of 32.75. For comparison, its industry has an average Forward P/E of 21.32, which means Deere is trading at a premium to the group.
We can additionally observe that DE currently boasts a PEG ratio of 2.06. 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. With its current Zacks Industry Rank of 219, this industry ranks in the bottom 11% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.