DE does not give explicit EPS guidance, but its new FY2017 net-income guidance of $1.5B (versus the old guidance of $1.4B given three months ago) equates to GAAP EPS of $4.70-4.75.
At the current share price, DE’s forward P/E (based on the FY2017 guidance above) is an astonishing 23x.
*Fiscal year ending 10/31/17.
“The efficient-market hypothesis may be the foremost piece of B.S. ever promulgated in any area of human knowledge!”
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