Here's Why You Should Hold On To Deere (DE) Stock For Now
Zacks Investment Research | May 28, 2018 09:25PM ET
Deere & Company (NYSE:DE) has been witnessing upward revisions for the past 30 days. The Zacks Consensus Estimate has inched up 0.8% to $9.66 for fiscal 2018 and 1% to $11.54 for fiscal 2019. A positive trend in estimate revisions reflects investors’ optimism over the company’s bright prospects.
Deere also outpaced the Zacks Consensus Estimate in three out of the trailing four quarters, delivering a positive average earnings surprise of 4.21%.
However, the agricultural equipment maker, with a market capitalization of approximately $51.5 billion, has been plagued with challenges in its agriculture business and elevated expenses.
Below, we briefly discuss the company’s potential growth drivers and possible headwinds.
Factors Favoring Deere
Price Performance
Shares of the company have outperformed the Zacks Investment Research
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