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Deere (DE - Free Report) closed the most recent trading day at $675.48, moving +2.35% from the previous trading session. The stock outperformed the S&P 500, which registered a daily loss of 1.82%. Meanwhile, the Dow experienced a drop of 1.09%, and the technology-dominated Nasdaq saw a decrease of 2.86%.
The stock of agricultural equipment manufacturer has fallen by 1.09% in the past month, leading the Industrial Products sector's loss of 3.82% and undershooting the S&P 500's gain of 0.71%.
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. The company's upcoming EPS is projected at $4.07, signifying a 3.56% increase compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $10.3 billion, indicating a 2.59% decrease compared to the same quarter of the previous year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $18.11 per share and a revenue of $41.35 billion, indicating changes of -2.11% and +6.25%, respectively, from the former year.
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. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.04% lower. Right now, Deere possesses a Zacks Rank of #3 (Hold).
Looking at valuation, Deere is presently trading at a Forward P/E ratio of 36.44. This represents a premium compared to its industry average Forward P/E of 21.06.
It is also worth noting that DE currently has a PEG ratio of 2.41. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Manufacturing - Farm Equipment industry currently had an average PEG ratio of 0.97 as of yesterday's close.
The Manufacturing - Farm Equipment industry is part of the Industrial Products sector. This group has a Zacks Industry Rank of 208, putting it in the bottom 16% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming 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 follow all of these stock-moving metrics, and many more, on Zacks.com.
View the Zacks #1 Rank List
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Why the Market Dipped But Deere (DE) Gained Today
Deere (DE - Free Report) closed the most recent trading day at $675.48, moving +2.35% from the previous trading session. The stock outperformed the S&P 500, which registered a daily loss of 1.82%. Meanwhile, the Dow experienced a drop of 1.09%, and the technology-dominated Nasdaq saw a decrease of 2.86%.
The stock of agricultural equipment manufacturer has fallen by 1.09% in the past month, leading the Industrial Products sector's loss of 3.82% and undershooting the S&P 500's gain of 0.71%.
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. The company's upcoming EPS is projected at $4.07, signifying a 3.56% increase compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $10.3 billion, indicating a 2.59% decrease compared to the same quarter of the previous year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $18.11 per share and a revenue of $41.35 billion, indicating changes of -2.11% and +6.25%, respectively, from the former year.
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. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.04% lower. Right now, Deere possesses a Zacks Rank of #3 (Hold).
Looking at valuation, Deere is presently trading at a Forward P/E ratio of 36.44. This represents a premium compared to its industry average Forward P/E of 21.06.
It is also worth noting that DE currently has a PEG ratio of 2.41. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Manufacturing - Farm Equipment industry currently had an average PEG ratio of 0.97 as of yesterday's close.
The Manufacturing - Farm Equipment industry is part of the Industrial Products sector. This group has a Zacks Industry Rank of 208, putting it in the bottom 16% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming 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 follow all of these stock-moving metrics, and many more, on Zacks.com.