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Tyson Foods (TSN) Rises As Market Takes a Dip: Key Facts
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Tyson Foods (TSN - Free Report) ended the recent trading session at $57.35, demonstrating a +2.52% change from the preceding day's closing price. The stock outpaced the S&P 500's daily loss of 0.11%. Meanwhile, the Dow gained 0.91%, and the Nasdaq, a tech-heavy index, lost 0.82%.
Shares of the meat producer have depreciated by 0.39% over the course of the past month, outperforming the Consumer Staples sector's loss of 1.94%, and lagging the S&P 500's gain of 5.17%.
Market participants will be closely following the financial results of Tyson Foods in its upcoming release. The company is forecasted to report an EPS of $0.86, showcasing a 1.15% downward movement from the corresponding quarter of the prior year. In the meantime, our current consensus estimate forecasts the revenue to be $13.64 billion, indicating a 2.11% growth compared to the corresponding quarter of the prior year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $3.9 per share and revenue of $54.59 billion. These totals would mark changes of +25.81% and +2.41%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for Tyson Foods. Such recent modifications usually signify the changing landscape of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.58% increase. Tyson Foods presently features a Zacks Rank of #3 (Hold).
In terms of valuation, Tyson Foods is presently being traded at a Forward P/E ratio of 14.36. This represents a premium compared to its industry average Forward P/E of 12.24.
It's also important to note that TSN currently trades at a PEG ratio of 0.73. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The average PEG ratio for the Food - Meat Products industry stood at 2.34 at the close of the market yesterday.
The Food - Meat Products industry is part of the Consumer Staples sector. This group has a Zacks Industry Rank of 192, putting it in the bottom 23% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow TSN in the coming trading sessions, be sure to utilize Zacks.com.
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Tyson Foods (TSN) Rises As Market Takes a Dip: Key Facts
Tyson Foods (TSN - Free Report) ended the recent trading session at $57.35, demonstrating a +2.52% change from the preceding day's closing price. The stock outpaced the S&P 500's daily loss of 0.11%. Meanwhile, the Dow gained 0.91%, and the Nasdaq, a tech-heavy index, lost 0.82%.
Shares of the meat producer have depreciated by 0.39% over the course of the past month, outperforming the Consumer Staples sector's loss of 1.94%, and lagging the S&P 500's gain of 5.17%.
Market participants will be closely following the financial results of Tyson Foods in its upcoming release. The company is forecasted to report an EPS of $0.86, showcasing a 1.15% downward movement from the corresponding quarter of the prior year. In the meantime, our current consensus estimate forecasts the revenue to be $13.64 billion, indicating a 2.11% growth compared to the corresponding quarter of the prior year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $3.9 per share and revenue of $54.59 billion. These totals would mark changes of +25.81% and +2.41%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for Tyson Foods. Such recent modifications usually signify the changing landscape of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.58% increase. Tyson Foods presently features a Zacks Rank of #3 (Hold).
In terms of valuation, Tyson Foods is presently being traded at a Forward P/E ratio of 14.36. This represents a premium compared to its industry average Forward P/E of 12.24.
It's also important to note that TSN currently trades at a PEG ratio of 0.73. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The average PEG ratio for the Food - Meat Products industry stood at 2.34 at the close of the market yesterday.
The Food - Meat Products industry is part of the Consumer Staples sector. This group has a Zacks Industry Rank of 192, putting it in the bottom 23% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow TSN in the coming trading sessions, be sure to utilize Zacks.com.