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Tyson Foods (TSN) Stock Sinks As Market Gains: Here's Why
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Tyson Foods (TSN - Free Report) closed the most recent trading day at $52.42, moving -3.3% from the previous trading session. The stock's performance was behind the S&P 500's daily gain of 0.58%.
Shares of the meat producer have depreciated by 2.92% over the course of the past month, outperforming the Consumer Staples sector's loss of 3.97%, and lagging the S&P 500's gain of 3.68%.
Investors will be eagerly watching for the performance of Tyson Foods in its upcoming earnings disclosure. The company is predicted to post an EPS of $0.91, indicating a 1.09% decline compared to the equivalent quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $14.01 billion, indicating a 3.31% upward movement from the same quarter last year.
TSN's full-year Zacks Consensus Estimates are calling for earnings of $3.88 per share and revenue of $54.94 billion. These results would represent year-over-year changes of +25.16% and 0%, respectively.
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. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, there's been a 0.21% rise in the Zacks Consensus EPS estimate. Tyson Foods is currently sporting a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Tyson Foods has a Forward P/E ratio of 13.37 right now. This valuation marks a premium compared to its industry average Forward P/E of 11.31.
Investors should also note that TSN has a PEG ratio of 0.71 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Food - Meat Products stocks are, on average, holding a PEG ratio of 1.19 based on yesterday's closing prices.
The Food - Meat Products industry is part of the Consumer Staples sector. Currently, this industry holds a Zacks Industry Rank of 180, positioning it in the bottom 28% 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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Tyson Foods (TSN) Stock Sinks As Market Gains: Here's Why
Tyson Foods (TSN - Free Report) closed the most recent trading day at $52.42, moving -3.3% from the previous trading session. The stock's performance was behind the S&P 500's daily gain of 0.58%.
Shares of the meat producer have depreciated by 2.92% over the course of the past month, outperforming the Consumer Staples sector's loss of 3.97%, and lagging the S&P 500's gain of 3.68%.
Investors will be eagerly watching for the performance of Tyson Foods in its upcoming earnings disclosure. The company is predicted to post an EPS of $0.91, indicating a 1.09% decline compared to the equivalent quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $14.01 billion, indicating a 3.31% upward movement from the same quarter last year.
TSN's full-year Zacks Consensus Estimates are calling for earnings of $3.88 per share and revenue of $54.94 billion. These results would represent year-over-year changes of +25.16% and 0%, respectively.
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. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, there's been a 0.21% rise in the Zacks Consensus EPS estimate. Tyson Foods is currently sporting a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Tyson Foods has a Forward P/E ratio of 13.37 right now. This valuation marks a premium compared to its industry average Forward P/E of 11.31.
Investors should also note that TSN has a PEG ratio of 0.71 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Food - Meat Products stocks are, on average, holding a PEG ratio of 1.19 based on yesterday's closing prices.
The Food - Meat Products industry is part of the Consumer Staples sector. Currently, this industry holds a Zacks Industry Rank of 180, positioning it in the bottom 28% 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.