Deere & Company‘s (NYSE: DE) end markets (agricultural and construction machinery) haven’t improved in 2016, and its EPS is down 16% in the first nine months of its fiscal 2016. However, the stock is up 13% year to date, having outperformed the S&P 500 and peers like AGCO Corporation (NYSE: AGCO) and CNH Industrial N.V. Most of the move took place immediately after the company trumped estimates with its third-quarter results.
So, does this mean the company is now through the worst, and the stock can take off from here?