Deere (DE) closed at $635.24 in the latest trading session, marking a +2.25% move from the prior day. The stock outpaced the S&P 500's daily gain of 0.72%. On the other hand, the Dow registered a gain of 0.3%, and the technology-centric Nasdaq increased by 1.12%.
The agricultural equipment manufacturer's stock has climbed by 6.48% in the past month, exceeding the Industrial Products sector's gain of 2.46% and the S&P 500's loss of 0.9%.
The upcoming earnings release of Deere will be of great interest to investors. The company's earnings report is expected on August 20, 2026. It is anticipated that the company will report an EPS of $4.82, marking a 1.47% rise compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $10.83 billion, reflecting a 4.55% rise from the equivalent quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $18.13 per share and a revenue of $41.41 billion, representing changes of -2% and +6.42%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for Deere. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.27% higher. Deere currently has a Zacks Rank of #3 (Hold).
In the context of valuation, Deere is at present trading with a Forward P/E ratio of 34.27. This valuation marks a premium compared to its industry average Forward P/E of 21.51.
It is also worth noting that DE currently has a PEG ratio of 2.3. 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 had an average PEG ratio of 1.46 as trading concluded yesterday.
The Manufacturing - Farm Equipment industry is part of the Industrial Products sector. This industry currently has a Zacks Industry Rank of 25, which puts it in the top 11% 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.
To follow DE in the coming trading sessions, be sure to utilize Zacks.com.
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Deere & Company (DE): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).