We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Here's Why Pilgrim's Pride (PPC) Fell More Than Broader Market
Read MoreHide Full Article
In the latest trading session, Pilgrim's Pride (PPC - Free Report) closed at $45.48, marking a -1.56% move from the previous day. The stock's performance was behind the S&P 500's daily loss of 0.3%. At the same time, the Dow lost 0.54%, and the tech-heavy Nasdaq gained 0.25%.
Prior to today's trading, shares of the poultry producer had gained 4.88% over the past month. This has outpaced the Consumer Staples sector's gain of 3.59% and the S&P 500's gain of 3.42% in that time.
Market participants will be closely following the financial results of Pilgrim's Pride in its upcoming release. In that report, analysts expect Pilgrim's Pride to post earnings of $1.28 per share. This would mark year-over-year growth of 120.69%.
Any recent changes to analyst estimates for Pilgrim's Pride should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Within the past 30 days, our consensus EPS projection remained stagnant. At present, Pilgrim's Pride boasts a Zacks Rank of #1 (Strong Buy).
Digging into valuation, Pilgrim's Pride currently has a Forward P/E ratio of 9.65. Its industry sports an average Forward P/E of 19.55, so one might conclude that Pilgrim's Pride is trading at a discount comparatively.
We can also see that PPC currently has a PEG ratio of 0.23. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. PPC's industry had an average PEG ratio of 0.45 as of yesterday's close.
The Food - Meat Products industry is part of the Consumer Staples sector. This industry currently has a Zacks Industry Rank of 50, which puts it in the top 20% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
View the Zacks #1 Rank List
Image: Bigstock
Here's Why Pilgrim's Pride (PPC) Fell More Than Broader Market
In the latest trading session, Pilgrim's Pride (PPC - Free Report) closed at $45.48, marking a -1.56% move from the previous day. The stock's performance was behind the S&P 500's daily loss of 0.3%. At the same time, the Dow lost 0.54%, and the tech-heavy Nasdaq gained 0.25%.
Prior to today's trading, shares of the poultry producer had gained 4.88% over the past month. This has outpaced the Consumer Staples sector's gain of 3.59% and the S&P 500's gain of 3.42% in that time.
Market participants will be closely following the financial results of Pilgrim's Pride in its upcoming release. In that report, analysts expect Pilgrim's Pride to post earnings of $1.28 per share. This would mark year-over-year growth of 120.69%.
Any recent changes to analyst estimates for Pilgrim's Pride should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Within the past 30 days, our consensus EPS projection remained stagnant. At present, Pilgrim's Pride boasts a Zacks Rank of #1 (Strong Buy).
Digging into valuation, Pilgrim's Pride currently has a Forward P/E ratio of 9.65. Its industry sports an average Forward P/E of 19.55, so one might conclude that Pilgrim's Pride is trading at a discount comparatively.
We can also see that PPC currently has a PEG ratio of 0.23. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. PPC's industry had an average PEG ratio of 0.45 as of yesterday's close.
The Food - Meat Products industry is part of the Consumer Staples sector. This industry currently has a Zacks Industry Rank of 50, which puts it in the top 20% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.