Key Takeaways Deere expects net income of $4.75B-$5.5B in FY25, down from $7.1B in FY24 due to weak demand. DE's FY25 sales are projected to decline across all segments, prompting cost cuts and production pullbacks. Despite near-term headwinds, DE's focus on tech and global demand trends supports long-term prospects.Deere & Company (DE) is currently trading at a forward 12-month earnings multiple of 24.46X, a 7% premium to the farm equipment manufacturing industry’s 22.85X.It is also higher than DE’s five ...