Deere stock rose 1.26%, but EPS and revenue are expected to drop

From Nasdaq: 2024-05-03 17:50:11

Deere (DE) closed at $400.96, up 1.26% from the previous day, mirroring S&P 500 trends. Nasdaq rose by 1.99%. DE’s stock decreased by 2.74% over the past month, surpassing the Industrial Products sector’s 3.92% drop and trailing S&P 500’s 2.68% loss.

Earnings per share (EPS) for Deere are expected to be $7.83, down by 18.86% from last year, with revenue forecasted at $13.26 billion, a 17.51% drop. Analysts’ estimates influence stock price performance; DE currently has a Zacks Rank of #3 (Hold).

Deere’s valuation shows a Forward P/E ratio of 14.47, higher than the industry average of 13.77, with a PEG ratio of 1.49. The Manufacturing – Farm Equipment industry, where DE belongs, has a Zacks Industry Rank of 95, ranking in the top 38% of all industries.

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Source: https://www.zacks.com/stock/news/2268303/deere-de-stock-moves-1-26-what-you-should-know?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_6v1-2268303



Read more at Nasdaq: Deere (DE) Stock Moves 1.26%: What You Should Know