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Deere (DE) Stock Sinks As Market Gains: Here's Why
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Deere (DE - Free Report) ended the recent trading session at $622.78, demonstrating a -4.57% change from the preceding day's closing price. This change lagged the S&P 500's daily gain of 0.6%. Meanwhile, the Dow gained 0.83%, and the Nasdaq, a tech-heavy index, added 0.64%.
Prior to today's trading, shares of the agricultural equipment manufacturer had lost 3.74% lagged the Industrial Products sector's loss of 2.62% and the S&P 500's gain of 1.34%.
The upcoming earnings release of Deere will be of great interest to investors. The company's earnings report is expected 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. Alongside, our most recent consensus estimate is anticipating revenue of $10.3 billion, indicating a 2.59% downward movement from the same quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $18.12 per share and revenue of $41.35 billion. These totals would mark changes of -2.05% and +6.25%, respectively, from last 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. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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, 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. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Deere currently has a Zacks Rank of #3 (Hold).
Digging into valuation, Deere currently has a Forward P/E ratio of 36.01. For comparison, its industry has an average Forward P/E of 19.9, which means Deere is trading at a premium to the group.
We can additionally observe that DE currently boasts a PEG ratio of 2.39. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. As the market closed yesterday, the Manufacturing - Farm Equipment industry was having an average PEG ratio of 1.
The Manufacturing - Farm Equipment industry is part of the Industrial Products sector. Currently, this industry holds a Zacks Industry Rank of 43, positioning it in the top 18% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these 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.
View the Zacks #1 Rank List
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Deere (DE) Stock Sinks As Market Gains: Here's Why
Deere (DE - Free Report) ended the recent trading session at $622.78, demonstrating a -4.57% change from the preceding day's closing price. This change lagged the S&P 500's daily gain of 0.6%. Meanwhile, the Dow gained 0.83%, and the Nasdaq, a tech-heavy index, added 0.64%.
Prior to today's trading, shares of the agricultural equipment manufacturer had lost 3.74% lagged the Industrial Products sector's loss of 2.62% and the S&P 500's gain of 1.34%.
The upcoming earnings release of Deere will be of great interest to investors. The company's earnings report is expected 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. Alongside, our most recent consensus estimate is anticipating revenue of $10.3 billion, indicating a 2.59% downward movement from the same quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $18.12 per share and revenue of $41.35 billion. These totals would mark changes of -2.05% and +6.25%, respectively, from last 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. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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, 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. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Deere currently has a Zacks Rank of #3 (Hold).
Digging into valuation, Deere currently has a Forward P/E ratio of 36.01. For comparison, its industry has an average Forward P/E of 19.9, which means Deere is trading at a premium to the group.
We can additionally observe that DE currently boasts a PEG ratio of 2.39. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. As the market closed yesterday, the Manufacturing - Farm Equipment industry was having an average PEG ratio of 1.
The Manufacturing - Farm Equipment industry is part of the Industrial Products sector. Currently, this industry holds a Zacks Industry Rank of 43, positioning it in the top 18% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these 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.