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Deere (DE) Soars 4.1%: Is Further Upside Left in the Stock?
ZACKS· 2026-02-05 13:51
Core Insights - Deere (DE) shares increased by 4.1% to $567.26, with a notable trading volume, and have gained 12.2% over the past four weeks [1] - The company showcased new equipment at the 2026 GCSAA Conference, focusing on precision, performance, and operator experience [1][2] Financial Performance - Deere is projected to report quarterly earnings of $1.92 per share, reflecting a year-over-year decline of 39.8%, while revenues are expected to reach $7.6 billion, an increase of 11.7% from the previous year [3] - The consensus EPS estimate for Deere has been slightly revised upward in the last 30 days, indicating a potential for price appreciation [4] Industry Context - Deere holds a Zacks Rank of 3 (Hold) and is part of the Zacks Manufacturing - Farm Equipment industry, where CNH Industrial (CNH) also operates, having closed 6.6% higher at $11.96 [5] - CNH's EPS estimate remains unchanged at $0.11, representing a year-over-year decline of 26.7%, and it currently has a Zacks Rank of 4 (Sell) [6]