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Deere (DE - Free Report) closed at $687.00 in the latest trading session, marking a +2.96% move from the prior day. The stock outpaced the S&P 500's daily gain of 0.73%. Meanwhile, the Dow experienced a rise of 0.49%, and the technology-dominated Nasdaq saw an increase of 1.19%.
Shares of the agricultural equipment manufacturer have depreciated by 3.91% over the course of the past month, underperforming the Industrial Products sector's gain of 1.81%, and the S&P 500's gain of 0.55%.
Market participants will be closely following the financial results of Deere in its upcoming release. The company plans to announce its earnings on November 25, 2026. It is anticipated that the company will report an EPS of $4.08, marking a 3.82% rise compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $10.3 billion, showing a 2.59% drop compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $18.12 per share and revenue of $41.35 billion, which would represent changes of -2.05% and +6.25%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Deere. Such recent modifications usually signify the changing landscape of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Currently, Deere is carrying a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Deere has a Forward P/E ratio of 36.83 right now. This indicates a premium in contrast to its industry's Forward P/E of 20.03.
It is also worth noting that DE currently has a PEG ratio of 2.44. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Manufacturing - Farm Equipment was holding an average PEG ratio of 1.02 at yesterday's closing price.
The Manufacturing - Farm Equipment industry is part of the Industrial Products sector. This industry currently has a Zacks Industry Rank of 111, which puts it in the top 46% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
View the Zacks #1 Rank List
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Why Deere (DE) Outpaced the Stock Market Today
Deere (DE - Free Report) closed at $687.00 in the latest trading session, marking a +2.96% move from the prior day. The stock outpaced the S&P 500's daily gain of 0.73%. Meanwhile, the Dow experienced a rise of 0.49%, and the technology-dominated Nasdaq saw an increase of 1.19%.
Shares of the agricultural equipment manufacturer have depreciated by 3.91% over the course of the past month, underperforming the Industrial Products sector's gain of 1.81%, and the S&P 500's gain of 0.55%.
Market participants will be closely following the financial results of Deere in its upcoming release. The company plans to announce its earnings on November 25, 2026. It is anticipated that the company will report an EPS of $4.08, marking a 3.82% rise compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $10.3 billion, showing a 2.59% drop compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $18.12 per share and revenue of $41.35 billion, which would represent changes of -2.05% and +6.25%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Deere. Such recent modifications usually signify the changing landscape of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Currently, Deere is carrying a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Deere has a Forward P/E ratio of 36.83 right now. This indicates a premium in contrast to its industry's Forward P/E of 20.03.
It is also worth noting that DE currently has a PEG ratio of 2.44. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Manufacturing - Farm Equipment was holding an average PEG ratio of 1.02 at yesterday's closing price.
The Manufacturing - Farm Equipment industry is part of the Industrial Products sector. This industry currently has a Zacks Industry Rank of 111, which puts it in the top 46% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.