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.
Pilgrim's Pride (PPC) Registers a Bigger Fall Than the Market: Important Facts to Note
Read MoreHide Full Article
Pilgrim's Pride (PPC - Free Report) closed the most recent trading day at $45.44, moving -1% from the previous trading session. The stock's change was less than the S&P 500's daily loss of 0.22%. Elsewhere, the Dow gained 0.08%, while the tech-heavy Nasdaq lost 0.51%.
Prior to today's trading, shares of the poultry producer had lost 6.69% lagged the Consumer Staples sector's loss of 1.34% and the S&P 500's gain of 0.45%.
Market participants will be closely following the financial results of Pilgrim's Pride in its upcoming release. It is anticipated that the company will report an EPS of $1.63, marking a 2.4% fall compared to the same quarter of the previous year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $5.39 per share and a revenue of $0 million, indicating changes of -0.55% and 0%, respectively, from the former year.
Investors might also notice recent changes to analyst estimates for Pilgrim's Pride. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.37% lower within the past month. As of now, Pilgrim's Pride holds a Zacks Rank of #3 (Hold).
With respect to valuation, Pilgrim's Pride is currently being traded at a Forward P/E ratio of 8.52. For comparison, its industry has an average Forward P/E of 12.24, which means Pilgrim's Pride is trading at a discount to the group.
The Food - Meat Products industry is part of the Consumer Staples sector. This group has a Zacks Industry Rank of 171, putting it in the bottom 31% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Pilgrim's Pride (PPC) Registers a Bigger Fall Than the Market: Important Facts to Note
Pilgrim's Pride (PPC - Free Report) closed the most recent trading day at $45.44, moving -1% from the previous trading session. The stock's change was less than the S&P 500's daily loss of 0.22%. Elsewhere, the Dow gained 0.08%, while the tech-heavy Nasdaq lost 0.51%.
Prior to today's trading, shares of the poultry producer had lost 6.69% lagged the Consumer Staples sector's loss of 1.34% and the S&P 500's gain of 0.45%.
Market participants will be closely following the financial results of Pilgrim's Pride in its upcoming release. It is anticipated that the company will report an EPS of $1.63, marking a 2.4% fall compared to the same quarter of the previous year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $5.39 per share and a revenue of $0 million, indicating changes of -0.55% and 0%, respectively, from the former year.
Investors might also notice recent changes to analyst estimates for Pilgrim's Pride. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.37% lower within the past month. As of now, Pilgrim's Pride holds a Zacks Rank of #3 (Hold).
With respect to valuation, Pilgrim's Pride is currently being traded at a Forward P/E ratio of 8.52. For comparison, its industry has an average Forward P/E of 12.24, which means Pilgrim's Pride is trading at a discount to the group.
The Food - Meat Products industry is part of the Consumer Staples sector. This group has a Zacks Industry Rank of 171, putting it in the bottom 31% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.