For readers unfamiliar with Deere & Company (NYSE:DE), it is the largest manufacturer of farm equipment in the world. It also makes a broad range of industrial equipment, primarily used by the construction and forestry industries. Consensus EPS estimates point to some pretty strong headwinds for its profit in the near term. More specifically, the chart below shows that analysts expect its EPS to decline by more than 21% in the next fiscal year. After that, consensus EPS estimates are for a modest recovery of 2.46% to $28.06, still far below the 2023 FY level.