Deere (DE) Registers a Bigger Fall Than the Market: Important Facts to Note

Deere (DE) closed the most recent trading day at $609.28, moving -1.86% from the previous trading session. The stock's performance was behind the S&P 500's daily loss of 0.06%. On the other hand, the Dow registered a loss of 0.11%, and the technology-centric Nasdaq decreased by 0.32%.

Prior to today's trading, shares of the agricultural equipment manufacturer had gained 5.79% outpaced the Industrial Products sector's gain of 2.67% and the S&P 500's gain of 3.42%.

The investment community will be closely monitoring the performance of Deere in its forthcoming earnings report. The company is scheduled to release its earnings on August 20, 2026. The company's upcoming EPS is projected at $4.85, signifying a 2.11% increase compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $10.8 billion, up 4.27% from the year-ago period.

DE's full-year Zacks Consensus Estimates are calling for earnings of $18.26 per share and revenue of $41.43 billion. These results would represent year-over-year changes of -1.3% and +6.47%, respectively.

Any recent changes to analyst estimates for Deere should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the business and profitability.

Empirical research indicates that these revisions in estimates have a direct correlation with impending 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.

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 past month, there's been a 0.72% rise in the Zacks Consensus EPS estimate. As of now, Deere holds a Zacks Rank of #3 (Hold).

Digging into valuation, Deere currently has a Forward P/E ratio of 34. This signifies a premium in comparison to the average Forward P/E of 20.26 for its industry.

Investors should also note that DE has a PEG ratio of 2.62 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. DE's industry had an average PEG ratio of 1.96 as of yesterday's close.

The Manufacturing - Farm Equipment industry is part of the Industrial Products sector. Currently, this industry holds a Zacks Industry Rank of 73, positioning it in the top 30% 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.

Zacks' Research Chief Names "Stock Most Likely to Double"

Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.

This top pick is a little-known satellite-based communications firm. Space is projected to become a trillion dollar industry, and this company's customer base is growing fast. Analysts have forecasted a major revenue breakout in 2025. Of course, all our elite picks aren't winners but this one could far surpass earlier Zacks' Stocks Set to Double like Hims & Hers Health, which shot up +209%.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

This article originally published on Zacks Investment Research (zacks.com).

Zacks Investment Research