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Zacks highlights two industrial products stocks with positive Earnings Surprise Prediction (ESP) figures that could potentially beat their upcoming quarterly earnings reports. Hubbell (HUBB) has a +0.94% ESP ahead of its October 27, 2026 earnings release, while Deere (DE) has a +3.59% ESP before reporting on November 25, 2026. Both stocks hold #3 (Hold) Zacks Rank ratings.

SpaceX shares surged 12% after crushing Q3 earnings expectations with $0.35 EPS (vs. $0.10 consensus) and $14.57B revenue (+161% YoY). The company reiterated $100B annual recurring revenue goals by end of 2026 and projected $500B-$1T ARR by 2027, driven by AI infrastructure demand and Starlink growth.

Musk disclosed SpaceX and Tesla are exploring a potential merger. SpaceX received a Zacks Rank #2 (Buy) rating with an average price target of $227.

A comparison of two manufacturing farm equipment companies reveals that Kubota Corp. (KUBTY) presents a better value opportunity than Deere (DE) based on valuation metrics and earnings outlook. KUBTY has a Zacks Rank of #2 (Buy) with a forward P/E of 10.74 and Value grade of A, while DE has a Zacks Rank of #3 (Hold) with a forward P/E of 34.91 and Value grade of D.

Deere stock declined 1.4% to $641.53, underperforming the S&P 500's 1.09% loss. The stock has fallen 5.1% over the past month, significantly lagging the broader market.

Upcoming earnings on November 25, 2026 are expected to show a 3.56% EPS increase but a 2.59% revenue decrease quarter-over-quarter. Deere trades at a premium valuation with a Forward P/E of 35.93 versus the industry average of 19.36, and holds a Zacks Rank of #3 (Hold).

Deere & Company (DE) has been heavily searched by investors recently. The stock has underperformed the broader market, declining 5% over the past month compared to the S&P 500's 2.1% gain. While the company shows strong earnings surprises and revenue growth forecasts, it carries a Zacks Rank #3 (Hold) rating and trades at a premium valuation relative to peers, suggesting near-term performance in line with the market.

Deere (DE) fell 4.57% in recent trading, underperforming the S&P 500's 0.6% gain. The agricultural equipment manufacturer is expected to report Q4 earnings on November 25, 2026, with anticipated EPS of $4.08 (up 3.82% YoY) but revenue projected at $10.3 billion (down 2.59% YoY).

For the full year, analysts expect $18.12 EPS and $41.35 billion revenue. Deere holds a Zacks Rank #3 (Hold) with a Forward P/E of 36.01, trading at a premium to its industry average of 19.9.

Major stock indices declined on October 7, 2026, as rising Treasury yields and oil price concerns pressured the market. The S&P 500 fell 0.51%, Nasdaq dropped 0.55%, and the Dow declined 0.98%.

Caterpillar led declines with a 6% drop following an analyst downgrade, while Deere slid on federal inquiry news. ZIM Integrated Shipping Services gained after raising 2026 guidance. The Federal Reserve's September meeting minutes were expected later that day.

The agricultural technology and food innovation sector is being transformed by the need for efficient food production and changing consumer preferences. Companies are advancing crop science, digital farming, automation, and biological solutions to improve productivity. Key players like Corteva, Tyson Foods, Trimble, Ingredion, and Deere & Company are leading innovation across the value chain, from precision farming technologies to convenient food products and AI-powered formulation platforms.

GEVORKYAN, a leading European powder metallurgy company, reported strong H1 2026 results with 18% revenue growth to nearly EUR 50 million and 34% net profit growth, while maintaining a 30% EBITDA margin without increasing debt. The company has expanded significantly in Aerospace & Defense, securing contracts with major multinational clients and achieving AS9100 certification, while maintaining stable growth in traditional markets like agrotechnology through partnerships with John Deere, Deutz-Fahr, and Lombardini.

Zacks Research Daily features analysis of 16 major stocks on October 6, 2026. SpaceX benefits from reusable launch technology and Starlink expansion but faces capital requirements.

Dell outperforms due to AI infrastructure demand and broad portfolio strength. KLA gains from AI-driven semiconductor demand and process-control intensity. Additional coverage includes analysis of Lockheed Martin's expanded backlog, Deere's pricing actions offsetting commodity headwinds, and concerns about Sarepta's concentrated DMD focus.

The Global X U.S. Infrastructure Development ETF (PAVE) is a passively managed fund with $13.91 billion in assets that tracks U.S. infrastructure companies. With a 0.47% expense ratio, strong year-to-date performance of 13.75%, and a Zacks ETF Rank of 2 (Buy), it offers diversified exposure to the Utilities-Infrastructure sector. The fund is heavily weighted toward Industrials (76.7%) with top holdings including Deere & Co, Nucor Corp, and Fastenal Co.

Deere (DE) closed at $687.00, up 2.96% in the latest session, outperforming the S&P 500. However, the stock has depreciated 3.91% over the past month.

The company is expected to report Q3 earnings on November 25, 2026, with projected EPS of $4.08 (up 3.82% YoY) but revenue expected to decline 2.59% YoY to $10.3 billion. Deere carries a Zacks Rank #3 (Hold) with a Forward P/E of 36.83, trading at a premium to its industry average.

Deere & Company (DE) has been trending on Zacks.com with shares up 5.3% over the past month. The company is rated Zacks Rank #3 (Hold), suggesting it may perform in line with the broader market. While Deere has a strong track record of beating earnings and revenue estimates, it is trading at a premium valuation relative to peers and faces a modest earnings decline of -2.1% for the current fiscal year, though next year shows expected growth of +28.3%.

SpaceX delivered blowout Q3 results with earnings of $0.35 per share (250% above consensus) and revenue of $14.57 billion (161% YoY growth), driven by surging AI infrastructure demand and Starlink subscriber growth to 13.6 million. The company issued ambitious guidance projecting $100 billion in annual recurring revenue by end of 2026 and $500 billion to $1 trillion by 2027.

Musk also disclosed that SpaceX and Tesla are exploring a potential merger. SPCX shares surged 12% and hold a Zacks Rank #2 (Buy) rating with an average price target of $227.

Caterpillar (CAT) maintained its $1.63 quarterly dividend and returned $7.9 billion to shareholders in H1 2026. The company raised its full-year 2026 sales growth outlook to mid-to-high teens, supported by a record $72 billion backlog and improved business conditions. CAT has increased its dividend for 33 consecutive years and maintains a sustainable dividend profile with a 0.30 dividend-to-free-cash-flow ratio.

Caterpillar allocated $10 million to North Carolina as part of its 'Building the Future Workforce' Initiative and plans to invest approximately $1 billion in a new manufacturing facility in Sanford, NC for compact track loaders and telehandlers production. The company's stock has gained 36% over the past year, with 2026 and 2027 earnings estimates rising over the past 60 days.

Dover Corporation is expected to report Q3 2026 revenues of $2.21B (up 6.2% YoY) and EPS of $2.85 (up 8.8% YoY) on October 22, 2026. Strong aerospace demand and solid bookings should support results, though lower vehicle-service volumes and input inflation present headwinds.

The company's restructuring efforts may help margins. However, the Zacks model does not predict an earnings beat given a negative Earnings ESP of -1.75%.

Caterpillar (CAT) stock dropped 6% below its 50-day moving average due to broader market pressures and rising Treasury yields, but the company maintains strong fundamentals with record $72B backlog, 24% revenue growth, and 73% adjusted EPS growth. Despite elevated valuation, analysts recommend holding the stock while waiting for a better entry point.

The Invesco S&P 500 Equal Weight Industrials ETF (RSPN) is reviewed as a solid option for investors seeking broad exposure to the industrials sector. With $713.93 million in assets, a 0.4% expense ratio, and a Zacks ETF Rank of 2 (Buy), the fund offers diversified exposure across 85 holdings. Year-to-date performance stands at 4.89%, with a beta of 1.00 and dividend yield of 0.93%.

Caterpillar is investing approximately $1 billion to expand compact construction equipment manufacturing capacity with a new facility in Sanford, NC. The expansion will increase production of compact track loaders and telehandlers, incorporating advanced manufacturing technologies and automation. This supports CAT's Cat Compact strategy to provide easier access to equipment sales, rentals, and service for small contractors and businesses.