Here's Why Deere (DE) Gained But Lagged the Market Today

Company Performance - Deere's stock closed at $460.64, reflecting a slight increase of +0.1% from the previous day, underperforming the S&P 500 which gained 0.58% [1] - Over the past month, Deere's shares declined by 1.95%, outperforming the Industrial Products sector's loss of 3.25% but underperforming the S&P 500's loss of 0.84% [2] Upcoming Financial Results - Deere is set to announce its earnings on May 15, 2025, with projected EPS of $5.68, indicating a significant drop of 33.41% compared to the same quarter last year [3] - Revenue is expected to be $10.65 billion, representing a decline of 21.75% year-over-year [3] Fiscal Year Projections - For the entire fiscal year, earnings are projected at $18.91 per share and revenue at $38.23 billion, reflecting decreases of -26.19% and -14.59% respectively from the prior year [4] - Recent changes in analyst estimates suggest a direct correlation with stock price performance, indicating potential optimism regarding the company's business [5] Analyst Ratings and Valuation - The Zacks Rank for Deere is currently 3 (Hold), with a recent decline of 1.98% in the consensus EPS estimate over the past month [6] - Deere's Forward P/E ratio stands at 24.33, which is higher than the industry's Forward P/E of 19.55, and its PEG ratio is 2.03, matching the average for the Manufacturing - Farm Equipment industry [7] Industry Context - The Manufacturing - Farm Equipment industry is part of the Industrial Products sector and currently holds a Zacks Industry Rank of 169, placing it in the bottom 32% of over 250 industries [8]