In the latest close session, Deere (DE) was up +1.94% at $519.20, outperforming the S&P 500. Heading into today, DE’s shares had lost 2.21% over the past month. Analysts project a decline in earnings and revenue for Deere’s upcoming disclosure, with estimates showing negative changes for the fiscal year.

Investors should keep an eye on analyst revisions for Deere, as these changes reflect short-term business trends. The Zacks Rank system, which incorporates estimate changes, currently rates Deere as a Hold (#3). From a valuation perspective, Deere’s Forward P/E ratio and PEG ratio indicate it may be trading at a premium compared to its industry peers.

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Read more at Nasdaq: Deere (DE) Outperforms Broader Market: What You Need to Know