Deere (DE) Suffers a Larger Drop Than the General Market: Key Insights Zacks Equity Research Fri, October 16, 2026 at 4:45 PM EDT 3 min read DE -1.35% ^GSPC -1.09% ^DJI -0.34% ^IXIC -2.14% Trade Deere & on Coinbase Trading disclosure Trading disclosure The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.
In the latest close session, Deere (DE) was down 1.4% at $641.53. The stock's performance was behind the S&P 500's daily loss of 1.09%. Elsewhere, the Dow lost 0.34%, while the tech-heavy Nasdaq lost 2.15%.
The stock of agricultural equipment manufacturer has fallen by 5.1% in the past month, lagging the Industrial Products sector's loss of 0.62% and the S&P 500's gain of 2.44%.
Market participants will be closely following the financial results of Deere in its upcoming release. The company plans to announce its earnings on November 25, 2026. The company is forecasted to report an EPS of $4.07, showcasing a 3.56% upward movement from the corresponding quarter of the prior year. Meanwhile, the latest consensus estimate predicts the revenue to be $10.3 billion, indicating a 2.59% decrease compared to the same quarter of the previous year.
DE's full-year Zacks Consensus Estimates are calling for earnings of $18.11 per share and revenue of $41.35 billion. These results would represent year-over-year changes of -2.11% and +6.25%, respectively.
Investors should also take note of any recent adjustments to analyst estimates for Deere. These revisions help to show the ever-changing nature of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, there's been a 0.05% fall in the Zacks Consensus EPS estimate. Deere is holding a Zacks Rank of #3 (Hold) right now.
In terms of valuation, Deere is currently trading at a Forward P/E ratio of 35.93. This signifies a premium in comparison to the average Forward P/E of 19.36 for its industry.
Investors should also note that DE has a PEG ratio of 2.38 right now. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. As of the close of trade yesterday, the Manufacturing - Farm Equipment industry held an average PEG ratio of 0.99.
The Manufacturing - Farm Equipment industry is part of the Industrial Products sector. Currently, this industry holds a Zacks Industry Rank of 68, positioning it in the top 28% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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This article originally published on Zacks Investment Research (zacks.com).
