Deere (DE) Stock Sinks As Market Gains: Here's Why
π DE shares closed down 4.57% at $622.78, significantly lagging the S&P 500's daily gain.
π The company is set to report earnings on November 25, 2026, with analysts expecting EPS of $4.08.
π° Revenue for the upcoming quarter is forecast at $10.3 billion, a slight decline of 2.59% year-over-year.
π Full-year analyst estimates project earnings of $18.12 per share and revenue of $41.35 billion.
π·οΈ DE currently carries a Zacks Rank of #3 (Hold) with stagnant consensus EPS estimates over the past month.
π΅ The stock trades at a Forward P/E ratio of 36.01, which is nearly double the industry average of 19.9.
Bullish Signals
- Analysts expect earnings per share to rise 3.82% year-over-year to $4.08 in the upcoming quarter.
- Full-year revenue is projected to grow by 6.25% to reach $41.35 billion despite a slight earnings contraction.
Risk Factors
- Shares fell 4.57% today, underperforming the S&P 500 and lagging the Industrial Products sector.
Full Analysis
Deere & Company (DE) shares fell 4.57% to close at $622.78, underperforming the broader market as the S&P 500 and Nasdaq gained ground. The stock had previously lost 3.74% prior to today's session, lagging both the Industrial Products sector and the overall S&P 500.
Investor attention is focused on the company's upcoming earnings release scheduled for November 25, 2026. Analysts anticipate an EPS of $4.08, representing a 3.82% year-over-year increase, though revenue is expected to decline slightly by 2.59% to $10.3 billion.
Full-year consensus estimates project earnings of $18.12 per share and revenue of $41.35 billion, indicating a slight earnings contraction of -2.05% but a revenue growth of +6.25%. Deere currently holds a Zacks Rank of #3 (Hold) with a Forward P/E ratio of 36.01, trading at a significant premium to the industry average of 19.9.