Deere & Company engages in the manufacture and distribution of various equipment worldwide. The company operates through four segments: Production and Precision Agriculture, Small Agriculture and Turf, Construction and Forestry, and Financial Services. The Production and Precision Agriculture segment provides large and medium tractors, combines, cotton pickers and strippers, sugarcane harvesters and loaders, harvesting front-end equipment, pull-behind scrapers, and tillage and seeding equipment, as well as application equipment, including sprayers and nutrient management, and soil preparation machinery for grain growers. The Small Agriculture and Turf segment offers utility tractors, and related loaders and attachments; turf and utility equipment, including riding lawn equipment, commercial mowing equipment, golf course equipment, and utility vehicles, as well as implements for mowing, tilling, snow and debris handling, aerating, residential, commercial, golf, and sports turf care applications; other outdoor power products; and hay and forage equipment. This segment also resells products from other manufacturers. It serves dairy and livestock producers, crop producers, and turf and utility customers. The Construction and Forestry segment provides a range of backhoe loaders, crawler dozers and loaders, four-wheel-drive loaders, excavators, motor graders, articulated dump trucks, landscape and skid-steer loaders, milling machines, pavers, compactors, rollers, crushers, screens, asphalt plants, log skidders, log feller bunchers, log loaders and forwarders, log harvesters, and attachments; and roadbuilding equipment. The Financial Services segment finances sales and leases agriculture and turf, and construction and forestry equipment. It also offers wholesale financing to dealers of the foregoing equipment; and extended equipment warranties, as well as finances retail revolving charge accounts. The company was founded in 1837 and is headquartered in Moline, Illinois.

Deere appears to be a high-quality business, but the current valuation is already noticeably ahead of the underlying fundamentals. Its strong point is high liquidity: a quick ratio of 1.95 and a current ratio of 2.18 are comfortable for an industrial company, and cash on hand remains substantial. At the same time, leverage is still high: a debt/equity ratio of 1.59 and long-term debt of $41.8 billion create a constraint on re-rating, especially amid declining profitability. Profit margins remain above the industry, but the trend is deteriorating: net profit margin has fallen to 10.09%, operating margin to 13.25%, and gross margin to 36.58%, meaning the business remains profitable but is losing some operating leverage. ROE of 18.93% looks strong and above the median, however ROA of 4.51% and ROI of 6.91% are already below industry benchmarks, indicating less efficient use of assets and capital. Particularly concerning is the drop in return on tangible equity to 22.78% from higher levels a year earlier. On an absolute basis, profit and revenue remain large, but the trend does not look sustainably upward: net income and operating income have declined noticeably from the peak levels of recent periods, and EBITDA is also below prior levels. The balance sheet does not look weak, though: equity is growing, total assets are stable, and liabilities are not showing a sharp deterioration, but the debt profile still warrants a discount. On the valuation side, the picture is demanding: P/E of 35.96, P/S of 3.63, and P/B of 6.56 are significantly above industry medians, which means high expectations are already priced in. P/FCF is roughly in line with the median — the only multiple that does not look overheated — but it does not offset the expensiveness on earnings, revenue, and the balance sheet. Dividend yield of 0.26% is too low to provide meaningful support for an income-oriented investor. Overall, the fundamentals support a moderately cautious view: the company is strong, but not cheap, and slowing profitability plus a high valuation limit upside re-rating potential. For an investor, this means fair value should be somewhat more conservative than the current operational benchmark, and the margin of safety on growth looks limited.

Deere & Company

Сильный индекс, значительно упал. Быки в растерянности.

Strong index, significantly down. The bulls are confused.

Слабый индекс, значительно упал. Рынок на стороне быков.

Weak index, significantly down. The market is on the bulls' side.

Слабый индекс, незначительно упал

Deere remains financially sound, but expensive on valuation multiples; profitability and operating momentum have weakened, so a modest discount is warranted.

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Industrial Select Sector SPDR Fund (Symbol: XLI) where we have detected an approximate $428.9 million dollar outflow -- that's a 1.3% decrease week over week (from 184,726,000 to 182,376,000). Among the largest underlying components of XLI, in trading today Deere & Co. (Symbol: DE) is off about 3%, Uber Technologies Inc (Symbol: UBER) is off about 1.4%, and Parker Hannifin Corp (Symbol: PH) is lower by about 2.8%. For a complete list of holdings, visit the XLI Holdings page » The chart below shows the one year price performance of XLI, versus its 200 day moving average:
Looking at the chart above, XLI's low point in its 52 week range is $147.135 per share, with $186.445 as the 52 week high point — that compares with a last trade of $178.98. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Further XLI Research:
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Notable ETF Outflow Detected - XLI, DE, UBER, PH

Avery Dennison Corporation AVY is scheduled to report second-quarter 2026 results before the opening bell on July 30, 2026.
The Zacks Consensus Estimate for AVY’s second-quarter revenues is pegged at $2.29 billion, indicating a 3.1% rise from the year-ago reported figure.
The consensus estimate for AVY’s earnings has moved up in the past 60 days. The consensus estimate is pegged at $2.47 per share, indicating a year-over-year rise of 2.1%.
Image Source: Zacks Investment Research
AVY’s Earnings Surprise History
Avery Dennison’s earnings beat the Zacks Consensus Estimates in the trailing four quarters, the average surprise being 2.1%.
What the Zacks Model Unveils for Avery Dennison
Our proven model does not conclusively predict an earnings beat for AVY this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. But that is not the case here, as you can see below.
You can uncover the best stocks before they are reported with our Earnings ESP Filter.
Earnings ESP: Avery Dennison has an Earnings ESP of -0.44%.
Zacks Rank: AVY currently carries a Zacks Rank #3.
Factors Likely to Have Shaped AVY’s Q2 Performance
Avery Dennison’s Materials Group segment continues to gain from productivity improvement and modest volume. Our model predicts the Materials Group segment’s revenues to rise 4.1% year over year in the quarter to $1.61 billion. The upside will be driven by growth in high-value categories, including Intelligent Labels, and growth in graphics and reflectives.
Our estimate for the Materials Group segment’s adjusted operating profit is pinned at $258 million, indicating year-over-year growth of 6.3%.
High-value categories and productivity are expected to have aided the Solutions Group segment's growth. Our model predicts the Solutions Group segment’s revenues to be $672 million, indicating an increase of 0.3% from the prior-year quarter’s actual. However, the segment is facing softer auto end-market demand and customer order timing in some higher-value platforms.
Our estimate for the segment’s operating profit is pinned at $66 million, implying a decrease of 0.5% from the year-ago quarter’s reported figure.
Moreover, the company expects a sequential headwind in the second quarter from destocking tied to a March pre-buy. These swings can create quarterly variability and delay the conversion of longer-cycle growth initiatives.
Rising input costs are expected to have impacted the company’s margins. The impacts are anticipated to have been offset by AVY’s productivity improvement and cost-saving actions.
Avery Dennison Stock’s Price Performance
AVY shares have lost 3.2% in the past year against the industry’s growth of 1.5%.
Stocks That Warrant a Look
Here are some companies with the right combination of elements to post an earnings beat in their upcoming releases.
Ingersoll Rand Inc. IR, slated to release second-quarter 2026 results on July 30, has an Earnings ESP of +0.61% and a Zacks Rank of 3 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Ingersoll Rand’s second-quarter 2026 earnings is pegged at 83 cents per share, suggesting a year-over-year rise of 3.7%. IR has a trailing four-quarter average surprise of 2.4%.
Deere & Company DE, slated to release third-quarter fiscal 2026 results on Aug. 20, has an Earnings ESP of +1.22% and a Zacks Rank of 3 at present.
The Zacks Consensus Estimate for Deere’s third-quarter fiscal 2026 earnings is pegged at $4.86 per share, suggesting a year-over-year rise of 2.3%. DE has a trailing four-quarter average surprise of 10.2%.
Ferguson Enterprises Inc. FERG, slated to release second-quarter 2026 results on Aug. 10, has an Earnings ESP of +1.22% and a Zacks Rank of 3 at present.
The Zacks Consensus Estimate for Ferguson’s second-quarter 2026 earnings is pegged at $3.23 per share. Ferguson has a trailing four-quarter average surprise of 6.5%.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Avery Dennison to Report Q2 Earnings: Here's What to Expect

Deere (DE) closed the most recent trading day at $628.16, moving +2.97% from the previous trading session. The stock outpaced the S&P 500's daily gain of 0.05%. Meanwhile, the Dow gained 0.46%, and the Nasdaq, a tech-heavy index, lost 0.64%.
Shares of the agricultural equipment manufacturer witnessed a loss of 3.29% over the previous month, trailing the performance of the Industrial Products sector with its loss of 0.74%, and the S&P 500's gain of 0.61%.
The investment community will be closely monitoring the performance of Deere in its forthcoming earnings report. The company is scheduled to release its earnings on August 20, 2026. It is anticipated that the company will report an EPS of $4.85, marking a 2.11% rise compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $10.87 billion, up 4.95% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates project earnings of $18.28 per share and a revenue of $41.51 billion, demonstrating changes of -1.19% and +6.66%, respectively, from the preceding year.
Investors might also notice recent changes to analyst estimates for Deere. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.82% higher. Right now, Deere possesses a Zacks Rank of #3 (Hold).
Looking at valuation, Deere is presently trading at a Forward P/E ratio of 33.37. This signifies a premium in comparison to the average Forward P/E of 20.39 for its industry.
It's also important to note that DE currently trades at a PEG ratio of 2.57. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As the market closed yesterday, the Manufacturing - Farm Equipment industry was having an average PEG ratio of 1.99.
The Manufacturing - Farm Equipment industry is part of the Industrial Products sector. Currently, this industry holds a Zacks Industry Rank of 30, positioning it in the top 13% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."
Since 1988, the full list has beaten the market more than 2X over with an average gain of +23.9% per year. So be sure to give these hand picked 7 your immediate attention.
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This article originally published on Zacks Investment Research (zacks.com).
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Deere (DE) Rises Higher Than Market: Key Facts

Dover Corporation DOV is set to release second-quarter 2026 results on July 23, 2026, before the opening bell.
The Zacks Consensus Estimate for DOV’s revenues is pegged at $2.21 billion, indicating a 7.9% rise from the year-ago reported figure.
The consensus estimate for earnings is pegged at $2.72 per share, which implies year-over-year growth of 11.5%. The estimate has been unchanged in the past 60 days.
Image Source: Zacks Investment Research
Dover’s Solid Earnings Surprise History
DOV’s earnings beat the Zacks Consensus Estimate in the trailing four quarters, as seen in the chart below. The company has an average earnings surprise of 2.1%.
What the Zacks Model Unveils for DOV Stock
Our model does not predict an earnings beat for DOV this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. That is not the case here, as you can see below.
DOV’s Earnings ESP: Dover has an Earnings ESP of -0.01%. You can uncover the best stocks before they are reported with our Earnings ESP Filter.
Zacks Rank of Dover: DOV currently carries a Zacks Rank of 2.
Factors to Note Regarding Dover’s Q2 Performance
DOV has been witnessing robust bookings across most of its segments on strong demand and shipment levels, which are likely to have supported its second-quarter performance. However, the impacts of lower volumes in vehicle services are expected to have negated these gains.
Dover’s margins are likely to have benefited from an improved price-cost spread and tight cost controls for a while. However, the negative impacts of supply-chain constraints and input inflation have been acting as headwinds. These are likely to get reflected in DOV’s earnings results.
Q2 Segment Projections for Dover
In the Engineered Products segment, ongoing strong demand in aerospace and defense components is expected to have been offset by weak demand in the vehicle-service business. Our estimate for the segment’s revenues is pegged at $283.5 million, indicating a 2.7% increase from the prior-year quarter’s actual.
The estimate for the Engineered Products segment’s adjusted EBITDA is pegged at $63 million, indicating an 8.1% increase from the prior-year quarter’s actual.
The Clean Energy and Fueling Solutions segment is likely to have gained solid shipments and new orders in clean energy components, fluid transport and North America retail fueling. We expect the segment’s revenues to be $591 million, indicating growth of 8.2% from the year-earlier actual.
The estimate for the Clean Energy and Fueling Solutions segment’s adjusted EBITDA is pegged at $131.5 million, indicating a 12.7% increase from the year-ago quarter’s actual.
The Imaging and Identification segment's results are expected to reflect the benefits of growth in core marking and coding, and serialization software. Our prediction for the segment’s revenues is $307 million, indicating a 5.1% rise from the prior-year quarter’s actual.
We project the segment’s adjusted EBITDA to be $82 million, which indicates 1.3% growth from the second-quarter 2026 reported figure, aided by a solid margin performance.
Dover’s Pumps and Process Solutions segment’s results are likely to reflect growth in biopharma and platform cycles businesses. We anticipate the segment’s revenues to increase 7.2% year over year to $558 million. The consensus mark for the segment’s second-quarter adjusted EBITDA is pegged at $193 million, implying an 11.9% year-over-year rise.
In the Climate and Sustainability Technologies segment, results are expected to gain from shipment and order rates in refrigerated door cases and CO2 systems. We expect quarterly revenues to be $459 million, implying an 10.4% increase from the year-earlier reported figure. The estimate for the segment’s adjusted EBITDA is pegged at $102 million, whereas it reported $85 million in the second quarter of 2025.
DOV Stock’s Price Performance
Dover’s shares have gained 15.7% in the past year compared with the industry’s 6.8% growth.
Stocks That Warrant a Look
Here are some companies with the right combination of elements to post an earnings beat in their upcoming releases.
Hubbell Incorporated HUBB, slated to release second-quarter 2026 results on July 28, has an Earnings ESP of +0.62% and a Zacks Rank of 2 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Hubbell’s second-quarter 2026 earnings is pegged at $5.32 per share, suggesting a year-over-year rise of 7.9%. HUBB has a trailing four-quarter average surprise of 4.7%.
Deere & Company DE, slated to release third-quarter fiscal 2026 results on Aug. 20, has an Earnings ESP of +6.74% and a Zacks Rank of 3 at present.
The Zacks Consensus Estimate for Deere’s third-quarter fiscal 2026 earnings is pegged at $4.82 per share, indicating a year-over-year rise of 1.5%. DE has a trailing four-quarter average surprise of 10.2%.
Illinois Tool Works Inc. ITW, slated to release second-quarter 2026 results on July 28, has an Earnings ESP of +0.31% and a Zacks Rank of 3 at present.
The Zacks Consensus Estimate for Illinois Tool Works’ second-quarter 2026 earnings is pegged at $2.80 per share, implying a year-over-year rise of 8.5%. ITW has a trailing four-quarter average surprise of 2.8%.
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Senior Stock Strategist Kevin Cook reveals 7 carefully selected stocks poised to dominate the quantum computing landscape in his report, Beyond AI: The Quantum Leap in Computing Power.
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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
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Dover Gears Up to Report Q2 Earnings: What to Expect From the Stock?

Packaging Corporation of America PKG is set to release second-quarter 2026 results on July 22, after the closing bell.
The Zacks Consensus Estimate for PKG’s second-quarter revenues is pegged at $2.40 billion, indicating 10.7% growth from the year-ago reported figure.
The consensus estimate for earnings is pegged at $2.31 per share. The Zacks Consensus Estimate for PKG’s second-quarter earnings has moved south in the past 60 days. The estimate indicates a year-over-year dip of 6.8%.
Image Source: Zacks Investment Research
PKG’s Earnings Surprise History
Packaging Corp’s earnings beat the Zacks Consensus Estimates in two of the trailing four quarters and missed in the other two, the average surprise being a 1.3%.
What the Zacks Model Unveils for Packaging Corp
Our model does not predict an earnings beat for PKG this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. That is not the case here, as you can see below.
You can uncover the best stocks before they are reported with our Earnings ESP Filter.
Earnings ESP: Packaging Corp has an Earnings ESP of -0.18%.
Zacks Rank: PKG currently carries a Zacks Rank of 3.
Factors Likely to Have Shaped PKG’s Q2 Performance
Packaging Corp closed the acquisition of the containerboard business of Greif, Inc GEF in September 2025. The Greif containerboard business includes two containerboard mills with approximately 800,000 tons of production capacity, and eight sheet feeder and corrugated plants located across the United States. While Greif was a 6-cent-per-share drag in the first quarter of 2026 due to storm disruption and higher freight and recycled fiber costs, management expects the acquired operations to be accretive to earnings in the second quarter. This is likely to have aided the Packaging segment in the to-be-reported quarter.
Our model predicts the Packaging segment’s volume to rise 3.6% year over year. The price and mix impacts for the Packaging segment are expected to have been favorable at 3.3% for the quarter, per our model.
The estimate for the segment’s quarterly revenues is pegged at $2.14 billion, suggesting growth of 6.9% from the year-ago quarter’s reported number. Our model estimates the segment’s operating income to be $260 million, indicating a dip of 24.9% from the prior-year reported figure.
In the Paper segment, prices and mix are expected to have increased 1.8% year over year. We expect volume to increase 3.6% year over year.
The estimate for the Paper segment’s revenues is pegged at $154 million for the June-end quarter, suggesting growth of 6.6% from the year-ago reported figure. The estimate for the segment’s operating income is $32 million, indicating 24.2% growth from the prior-year quarter’s actual.
Packaging Stock's Price Performance
Over the past year, PKG shares have gained 18.6% against the industry’s 4.1% decrease.
Image Source: Zacks Investment Research
Stocks That Warrant a Look
Here are some companies with the right combination of elements to post an earnings beat in their upcoming releases.
Hubbell Incorporated HUBB, slated to release second-quarter 2026 results on July 28, has an Earnings ESP of +0.62% and a Zacks Rank of 2 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Hubbell’s second-quarter 2026 earnings is pegged at $5.32 per share, suggesting a year-over-year rise of 7.9%. HUBB has a trailing four-quarter average surprise of 4.7%.
Deere & Company DE, slated to release third-quarter fiscal 2026 results on Aug. 20, has an Earnings ESP of +6.92% and a Zacks Rank of 3 at present.
The Zacks Consensus Estimate for Deere’s third-quarter fiscal 2026 earnings is pegged at $4.82 per share, suggesting a year-over-year rise of 1.5%. DE has a trailing four-quarter average surprise of 10.2%.
7 Best Stocks for the Next 30 Days
Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."
Since 1988, the full list has beaten the market more than 2X over with an average gain of +23.9% per year. So be sure to give these hand picked 7 your immediate attention.
See them now >>
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
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Packaging Corp Gears Up for Q2 Earnings: What to Expect?

Investors looking for stocks in the Manufacturing - Farm Equipment sector might want to consider either Alamo Group (ALG) or Deere (DE). But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look.
There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The Zacks Rank is a proven strategy that targets companies with positive earnings estimate revision trends, while our Style Scores work to grade companies based on specific traits.
Right now, Alamo Group is sporting a Zacks Rank of #2 (Buy), while Deere has a Zacks Rank of #3 (Hold). This system places an emphasis on companies that have seen positive earnings estimate revisions, so investors should feel comfortable knowing that ALG is likely seeing its earnings outlook improve to a greater extent. But this is just one factor that value investors are interested in.
Value investors are also interested in a number of tried-and-true valuation metrics that help show when a company is undervalued at its current share price levels.
Our Value category grades stocks based on a number of key metrics, including the tried-and-true P/E ratio, the P/S ratio, earnings yield, and cash flow per share, as well as a variety of other fundamentals that value investors frequently use.
ALG currently has a forward P/E ratio of 15.33, while DE has a forward P/E of 32.23. We also note that ALG has a PEG ratio of 0.96. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. DE currently has a PEG ratio of 2.16.
Another notable valuation metric for ALG is its P/B ratio of 1.69. The P/B ratio is used to compare a stock's market value with its book value, which is defined as total assets minus total liabilities. For comparison, DE has a P/B of 5.75.
These are just a few of the metrics contributing to ALG's Value grade of B and DE's Value grade of D.
ALG is currently sporting an improving earnings outlook, which makes it stick out in our Zacks Rank model. And, based on the above valuation metrics, we feel that ALG is likely the superior value option right now.
Radical New Technology Could Hand Investors Huge Gains
Quantum Computing is the next technological revolution, and it could be even more advanced than AI.
While some believed the technology was years away, it is already present and moving fast. Large hyperscalers, such as Microsoft, Google, Amazon, Oracle, and even Meta and Tesla, are scrambling to integrate quantum computing into their infrastructure.
Senior Stock Strategist Kevin Cook reveals 7 carefully selected stocks poised to dominate the quantum computing landscape in his report, Beyond AI: The Quantum Leap in Computing Power.
Kevin was among the early experts who recognized NVIDIA's enormous potential back in 2016. Now, he has keyed in on what could be "the next big thing" in quantum computing supremacy. Today, you have a rare chance to position your portfolio at the forefront of this opportunity.
See Top Quantum Stocks Now >>
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
This article originally published on Zacks Investment Research (zacks.com).
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

ALG vs. DE: Which Stock Is the Better Value Option?

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the JPMorgan Active Growth ETF (Symbol: JGRO) where we have detected an approximate $462.7 million dollar inflow -- that's a 4.7% increase week over week in outstanding units (from 101,375,000 to 106,175,000). Among the largest underlying components of JGRO, in trading today Quanta Services, Inc. (Symbol: PWR) is off about 2.5%, Natera Inc (Symbol: NTRA) is up about 0.5%, and Deere & Co. (Symbol: DE) is lower by about 0.9%. For a complete list of holdings, visit the JGRO Holdings page » The chart below shows the one year price performance of JGRO, versus its 200 day moving average:
Looking at the chart above, JGRO's low point in its 52 week range is $81.16 per share, with $99.73 as the 52 week high point — that compares with a last trade of $95.58. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Further JGRO Research:
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

JGRO, PWR, NTRA, DE: ETF Inflow Alert

Deere & Company DE has reached a settlement with the Federal Trade Commission (“FTC”) and five states regarding the ‘right to repair’ lawsuit. Resolving the early-2025 dispute, which accused Deere of restricting farmers from fixing its agricultural equipment, clears the way for Deere to proceed with its ongoing innovation toward more flexible repair options.
According to the settlement, Deere will provide farmers and independent repair providers with the same equipment repair resources, including full access to applicable software capabilities for the next 10 years under the supervision of the FTC. The settlement formalizes the company's ongoing initiative to expand access to diagnostic and repair tools, giving farmers and independent providers the freedom to fix their equipment while giving the FTC the ability to verify compliance.
Deere expects to continue investing in tools, technology and services to give customers better options to care for their equipment. Deere continues to focus on providing reliable equipment, robust dealer support and effective solutions to keep farmers productive.
DE’s Price Performance, Valuations & Estimates
Deere shares have gained 16.5% in a year compared with the Zacks Manufacturing - Farm Equipment industry’s 12.2% growth. In comparison, the broader Zacks Industrial Products sector has returned 22.4% and the S&P 500 has rallied 25.4%.
Image Source: Zacks Investment ResearchThe DE stock has performed better than its peers AGCO Corporation AGCO and CNH Industrial CNH. AGCO has gained 7.9% in the time frame, whereas CNH has lost 19.8%.
Image Source: Zacks Investment ResearchDeere is currently trading at a forward 12-month price/earnings of 27.32X, a premium compared with the industry’s 25.20X. It is also higher than DE’s five-year median of 26.06X.
The DE stock also seems relatively more expensive than AGCO Corp and CNH Industrial. AGCO Corp is trading lower at 16.03X and CNH Industrial is trading at 18.89X.
The consensus estimate for fiscal 2026 earnings suggests a year-over-year decline of 2%. The same for fiscal 2027 indicates growth of 27%. The Zacks Consensus Estimate for 2026 sales implies 6% growth. The same for fiscal 2027 suggests a rise of 8%.
EPS estimates for 2026 have moved north, while the same for 2027 have moved south over the past 60 days.
Image Source: Zacks Investment Research
Deere currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Will Deere Benefit From Settling Its FTC Right-to-Repair Dispute?

Caterpillar Inc.’s CAT Construction Industries segment generated around $25.1 billion in 2025 sales, accounting for roughly 37% of its total revenues. Its momentum accelerated in the first quarter of 2026, when revenues climbed 38% year over year to $7.16 billion, driven by higher sales volumes and favorable pricing. The segment contributed roughly 41% to the company's total revenues during the quarter.
The company views the segment as its backbone, reflecting more than a century of expertise in construction equipment. While machinery sales continue to drive growth, Caterpillar is increasingly expanding the segment's value proposition through rental offerings, digital capabilities and advanced technology solutions. This strategy aims to generate stronger customer engagement and create recurring revenue opportunities beyond the initial equipment sale.
The segment supports customers using machinery in infrastructure and building construction activities. The segment’s revenues have witnessed a CAGR of 8.2% over 2020-2025 and it serves more than 700,000 customers across more than 190 countries.
Looking ahead, Caterpillar has set a goal of increasing Construction Industries' sales to end users by 1.25 times by 2030 compared with 2024 levels. The company expects more than a 25% increase in global construction spend over 2024-2034.
Caterpillar continues to see attractive opportunities in both mature markets such as North America, Europe, Japan, Australia and New Zealand, as well as faster-growing regions across Asia (excluding Japan), Latin America, the Middle East, Africa and Eurasia. This balanced geographic footprint allows the company to capitalize on replacement demand in developed markets while benefiting from rising infrastructure investment and urbanization in emerging economies.
Caterpillar’s competitive advantages extend well beyond its product portfolio. Its extensive dealer network, connected equipment base and expanding digital ecosystem enable customers to improve machine utilization, lower operating costs and enhance productivity. The company is investing in autonomous equipment, AI-enabled jobsite solutions, machine automation and operator assistance technologies that improve efficiency and safety. These capabilities should become increasingly valuable as contractors face skilled labor shortages, rising project complexity and pressure to improve productivity.
Overall, the Construction Industries segment appears well-positioned for sustained growth, supported by global infrastructure spending, increasing equipment replacement demand, expanding digital services, autonomous technologies and a growing installed machine base. Although construction equipment demand remains cyclical and can be affected by interest rates and economic slowdowns, Caterpillar's diversified end markets, extensive dealer network, recurring services revenues and technology investments should help the segment deliver resilient performance over the long term.
Its peer, Komatsu Ltd. KMTUY, is pursuing a similar strategy centered on automation, smart construction and electrification. Komatsu continues to expand its Smart Construction platform, autonomous equipment portfolio and digital services while benefiting from global infrastructure spending and mining investments. Like Caterpillar, the company expects software-enabled solutions and connected equipment to become increasingly important revenue contributors beyond traditional machinery sales.
Another close competitor is Deere & Company DE, whose Construction & Forestry segment is emphasizing precision construction technologies, machine guidance systems and autonomous capabilities. Deere is investing heavily in digital workflows that improve jobsite efficiency, while also expanding aftermarket and technology-driven recurring revenues. Similar to Caterpillar, Deere views intelligent equipment, connected fleet and software integration as key long-term growth opportunities.
CAT’s Price Performance, Valuation & Estimates
Caterpillar shares have gained 49.6% in the past six months, outperforming the manufacturing - construction and mining industry's 42.2% growth.
Image Source: Zacks Investment Research
CAT is currently trading at a forward 12-month P/E of 34.03X, a premium compared with the industry’s 31.91X.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for 2026 points to year-over-year earnings growth of 29.6%, while the 2027 estimate implies a growth of around 25%.
Image Source: Zacks Investment Research
Earnings estimates for both years have moved up over the past 60 days.
Image Source: Zacks Investment Research
Caterpillar stock currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Can CAT's Construction Industries Segment Deliver Sustained Growth?

Lindsay Corporation LNN reported third-quarter fiscal 2026 earnings of $1.53 per share, beating the Zacks Consensus Estimate of $1.41 by 8.5%. The bottom line declined 14% year over year.
Revenues totaled $160.8 million, down 5% year over year. The top line missed the Zacks Consensus Estimate of $169 million by 5.15%. Irrigation softness outweighed infrastructure growth. The quarter reflected persistent demand challenges in North America and Brazil.
The company’s backlog as of May 31, 2026, was $136 million compared with $117 million as of May 31, 2025.
Lindsay Corporation Price, Consensus and EPS Surprise
Lindsay’s Q3 Gross Margin Contracts Y/Y
The cost of operating revenues fell 2.5% year over year to $113 million. Gross profit was down 10.8% to $48 million from the year-earlier quarter. The gross margin was 29.8% compared with the year-ago quarter’s 31.6%.
Operating expenses were $29 million in the fiscal third quarter, down 1.7% year over year. Operating income was $18.5 million, down from the prior-year quarter’s $27 million.
LNN’s Q3 Segmental Results
The Irrigation segment’s revenues decreased 7% year over year to $133 million. North America irrigation revenues fell 11% from the year-ago quarter to $61 million on lower unit sales volume. International irrigation revenues decreased 4% year over year to $72 million. The segment’s operating income fell 25% year over year to $21 million.
The Infrastructure segment’s revenues increased 8% year over year to $28 million. The upside was driven by higher road safety product revenues. The segment reported operating income of $5.4 million, flat year over year.
Lindsay’s Financial Position
LNN had cash and cash equivalents of roughly $155 million at the end of the third quarter of fiscal 2026 compared with $196 million as of the end of the third quarter of fiscal 2025. The company’s long-term debt was around $115 million as of May 31, 2026, flat with that reported as of May 31, 2025.
The company completed $25.2 million of share repurchases during the quarter. Total repurchases reached $80.7 million for the fiscal year.
LNN's FY26 Outlook
Lindsay expects the irrigation market conditions in the United States to remain soft as growers await greater trade certainty and an improvement in commodity prices. Brazil is expected to return to growth, supported by secular demand for irrigation investments.
However, credit constraints and high interest rates are expected to remain headwinds in Brazil. Lindsay also expects to recognize $70 million in revenues from the MENA irrigation project in fiscal 2026.
In Infrastructure, the company anticipates continued growth in road safety products. It continues to manage a robust pipeline of Road Zipper System projects but does not expect to deliver a large project in fiscal 2026.
Lindsay Stock’s Price Performance
The company’s shares have lost 15.3% in the past year against the industry’s growth of 17.5%.
Image Source: Zacks Investment Research
LNN’s Zacks Rank
Lindsay currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Farm Equipment Stocks Awaiting Results
Deere & Company DE is expected to release third-quarter fiscal 2026 results on Aug. 20.
The Zacks Consensus Estimate for Deere’s earnings per share is pegged at $4.82 for the fiscal third quarter, implying growth of 1.5% from the year-ago reported figure. The consensus estimate for Deere’s total revenues is pinned at $10.8 billion, indicating a year-over-year increase of 4.6%
AGCO Corp. AGCO is anticipated to post second-quarter 2026 results soon. The Zacks Consensus Estimate for AGCO’s earnings per share is pegged at $1.49 for the second quarter, implying an increase of 10.3% from the year-ago reported figure. The consensus estimate for AGCO’s total revenues is pinned at $2.72 billion, indicating a year-over-year increase of 3.2%.
CNH Industrial N.V. CNH is expected to report second-quarter 2026 results soon. The Zacks Consensus Estimate for CNH Industrial’s earnings per share is pegged at 11 cents for the second quarter. The company reported earnings of 17 cents in the year-ago quarter. The consensus estimate for CNH Industrial’s total revenues is pinned at $4.77 billion, indicating a year-over-year increase of 1.2%.
Zacks' Research Chief Names "Stock Most Likely to Double"
Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.
This top pick is a little-known satellite-based communications firm. Space is projected to become a trillion dollar industry, and this company's customer base is growing fast. Analysts have forecasted a major revenue breakout in 2025. Of course, all our elite picks aren't winners but this one could far surpass earlier Zacks' Stocks Set to Double like Hims & Hers Health, which shot up +209%.
Free: See Our Top Stock And 4 Runners Up
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
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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