Deere shares climb 1.3% to $593.41 ahead of $1.92 Q1 EPS forecast
Deere shares rose 1.32% to $593.41, outpacing the S&P 500’s 0.33% decline and marking a 19.34% year-to-date gain versus the industrial products sector’s 11.29% rise. Q1 earnings on February 19 are projected at $1.92 EPS (-39.8% YoY) on $7.6 billion revenue (+11.7%), with full-year forecasts at $16.82 EPS and $40 billion sales.
1. Stock Price Performance
Deere shares rose 1.32% to close at $593.41, outperforming the S&P 500’s 0.33% drop. Year-to-date gains stand at 19.34%, surpassing the industrial products sector’s 11.29% increase.
2. Upcoming Q1 Earnings Projections
The company will report first-quarter results on February 19, with consensus estimates of $1.92 EPS (down 39.8% year-over-year) on $7.6 billion revenue (up 11.7%).
3. Full-Year Forecasts and Valuation
Analysts project full-year EPS of $16.82 (down 9.1%) and $40 billion in sales (up 2.8%). Deere’s forward P/E stands at 34.82 versus the 22.23 industry average, while its PEG ratio of 2.34 exceeds the 1.16 sector norm.