DE Stock Seems Undervalued
Deere has a trailing 12-month price earnings (P/E) ratio of 24.56 while the Zacks categorized sub industry’s average trailing 12-month P/E ratio is 25.52. Based on this ratio, the stock seems undervalued.
Deere’s Earnings Beat is Likely in the Next Quarter
Our proven model shows that Deere is likely to beat earnings this quarter. This is because the company has the right combination of two key ingredients – a positive Earnings ESP (the percentage difference between the Most Accurate estimate and the Zacks Consensus Estimate) and a Zacks Rank #1 (Strong Buy), 2 or 3 (Hold). You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Deere’s Zacks Rank #2 and Earnings ESP of +2.44% makes us confident of an earnings beat this quarter.
Other Stocks to Consider in the Sector
AGCO and Caterpillar flaunt a Zacks Rank #1, while Rockwell carries a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
AGCO has an average positive earnings surprise of 40.39% in the trailing four quarters. Caterpillar generated an average positive earnings surprise of 40.25% in the past four quarters. Rockwell Automation has an average positive earnings surprise of 9.89%.
Sell These Stocks. Now.
Just released, today’s 220 Zacks Rank #5 Strong Sells demand urgent attention. If any are lurking in your portfolio or Watch List, they should be removed immediately. These are sinister companies because many appear to be sound investments. However, from 1988 through 2016, stocks from our Strong Sell list have actually performed 6X worse than the S&P 500. See today’s Zacks “Strong Sells” absolutely free >>.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report