Is Most-Watched Stock Deere & Company (DE) Worth Betting on Now?

Core Viewpoint - Deere's stock performance has been closely monitored, with a recent return of -3.2% over the past month, outperforming the S&P 500's -4.8% and the Zacks Manufacturing - Farm Equipment industry's -4% [1] Earnings Estimate Revisions - For the current quarter, Deere is expected to report earnings of $5.68 per share, reflecting a -33.4% change year-over-year, with a consensus estimate change of -1.1% over the last 30 days [4] - The consensus earnings estimate for the current fiscal year is $18.91, indicating a -26.2% change from the previous year, with a -2% change in the estimate over the last 30 days [4] - For the next fiscal year, the consensus estimate is $21.22, showing a +12.2% change from the prior year, with a -2.7% change in the estimate over the past month [5] - Deere holds a Zacks Rank 3 (Hold) due to the recent changes in consensus estimates and other related factors [6] Projected Revenue Growth - The consensus sales estimate for the current quarter is $10.65 billion, indicating a -21.8% year-over-year change [10] - For the current fiscal year, the sales estimate is $38.23 billion, reflecting a -14.6% change, while the next fiscal year's estimate of $40.56 billion indicates a +6.1% change [10] Last Reported Results and Surprise History - In the last reported quarter, Deere's revenues were $6.81 billion, down -35.1% year-over-year, with an EPS of $3.19 compared to $6.23 a year ago [11] - The reported revenues were -11.51% below the Zacks Consensus Estimate of $7.7 billion, while the EPS surprise was +1.92% [11] - Deere has beaten consensus EPS estimates in the last four quarters and topped revenue estimates three times during this period [12] Valuation - Deere is graded D on the Zacks Value Style Score, indicating it is trading at a premium compared to its peers [16]