Deere (DE) closed at $599.47 in the latest trading session, marking a -1.88% move from the prior day. This change lagged the S&P 500's 1.66% gain on the day. Elsewhere, the Dow gained 1.19%, while the tech-heavy Nasdaq added 2.78%.
Heading into today, shares of the agricultural equipment manufacturer had lost 2.66% over the past month, outpacing the Industrial Products sector's loss of 8.54% and lagging the S&P 500's loss of 1.49%.
Investors will be eagerly watching for the performance of Deere in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on August 20, 2026. The company's upcoming EPS is projected at $4.86, signifying a 2.32% increase compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $10.87 billion, indicating a 4.95% increase compared to the same quarter of the previous year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $18.28 per share and revenue of $41.51 billion. These totals would mark changes of -1.19% and +6.66%, respectively, from last year.
Investors should also take note of any recent adjustments to analyst estimates for Deere. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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.
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. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.82% increase. Currently, Deere is carrying a Zacks Rank of #3 (Hold).
In the context of valuation, Deere is at present trading with a Forward P/E ratio of 33.42. For comparison, its industry has an average Forward P/E of 20.2, which means Deere is trading at a premium to the group.
Also, we should mention that DE has a PEG ratio of 2.58. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As the market closed yesterday, the Manufacturing - Farm Equipment industry was having an average PEG ratio of 2.03.
The Manufacturing - Farm Equipment industry is part of the Industrial Products sector. This group has a Zacks Industry Rank of 33, putting it in the top 14% 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.
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 & Company (DE): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).