Deere (DE) Increases Despite Market Slip: Here's What You Need to Know

Company Overview - Deere's stock closed at $408.64, reflecting a +0.49% change from the previous day, outperforming the S&P 500's loss of 0.92% [1] - Over the past month, Deere's stock has decreased by 1.03%, underperforming the Industrial Products sector's loss of 1.22% and the S&P 500's gain of 2.68% [1] Financial Performance - Upcoming EPS for Deere is projected at $3.90, indicating a significant 52.78% decline compared to the same quarter last year [1] - Revenue is expected to be $9.34 billion, down 32.35% from the prior-year quarter [1] - For the entire fiscal year, earnings are estimated at $25 per share, reflecting a -27.81% change, while revenue is projected at $45.38 billion, indicating an -18.32% change from the previous year [2] Analyst Estimates and Valuation - Recent analyst revisions suggest a favorable outlook on Deere's business health and profitability, with the Zacks Consensus EPS estimate moving 0.1% lower in the past month [2][3] - Deere currently holds a Zacks Rank of 4 (Sell), with a Forward P/E ratio of 16.26, aligning with the industry average [3] - The PEG ratio for Deere is 1.36, consistent with the Manufacturing - Farm Equipment industry's average PEG ratio [3] Industry Context - The Manufacturing - Farm Equipment industry is part of the Industrial Products sector and holds a Zacks Industry Rank of 209, placing it in the bottom 18% of over 250 industries [4] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [4]