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Why the Market Dipped But Tyson Foods (TSN) Gained Today
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In the latest trading session, Tyson Foods (TSN - Free Report) closed at $59.18, marking a +1.02% move from the previous day. The stock outpaced the S&P 500's daily loss of 0.14%. Meanwhile, the Dow lost 0.2%, and the Nasdaq, a tech-heavy index, lost 0.24%.
Shares of the meat producer witnessed a gain of 0.48% over the previous month, beating the performance of the Consumer Staples sector with its loss of 0.83%, and underperforming the S&P 500's gain of 0.94%.
Investors will be eagerly watching for the performance of Tyson Foods in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $0.98, marking a 14.04% fall compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $14.13 billion, indicating a 3.73% 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 $3.86 per share and revenue of $55.61 billion. These totals would mark changes of -6.31% and +2.15%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for Tyson Foods. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable 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 past month, the Zacks Consensus EPS estimate remained stagnant. Right now, Tyson Foods possesses a Zacks Rank of #3 (Hold).
Looking at its valuation, Tyson Foods is holding a Forward P/E ratio of 15.19. This indicates a premium in contrast to its industry's Forward P/E of 12.33.
We can also see that TSN currently has a PEG ratio of 1.34. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As of the close of trade yesterday, the Food - Meat Products industry held an average PEG ratio of 1.34.
The Food - Meat Products industry is part of the Consumer Staples sector. Currently, this industry holds a Zacks Industry Rank of 62, positioning it in the top 26% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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Why the Market Dipped But Tyson Foods (TSN) Gained Today
In the latest trading session, Tyson Foods (TSN - Free Report) closed at $59.18, marking a +1.02% move from the previous day. The stock outpaced the S&P 500's daily loss of 0.14%. Meanwhile, the Dow lost 0.2%, and the Nasdaq, a tech-heavy index, lost 0.24%.
Shares of the meat producer witnessed a gain of 0.48% over the previous month, beating the performance of the Consumer Staples sector with its loss of 0.83%, and underperforming the S&P 500's gain of 0.94%.
Investors will be eagerly watching for the performance of Tyson Foods in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $0.98, marking a 14.04% fall compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $14.13 billion, indicating a 3.73% 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 $3.86 per share and revenue of $55.61 billion. These totals would mark changes of -6.31% and +2.15%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for Tyson Foods. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable 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 past month, the Zacks Consensus EPS estimate remained stagnant. Right now, Tyson Foods possesses a Zacks Rank of #3 (Hold).
Looking at its valuation, Tyson Foods is holding a Forward P/E ratio of 15.19. This indicates a premium in contrast to its industry's Forward P/E of 12.33.
We can also see that TSN currently has a PEG ratio of 1.34. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As of the close of trade yesterday, the Food - Meat Products industry held an average PEG ratio of 1.34.
The Food - Meat Products industry is part of the Consumer Staples sector. Currently, this industry holds a Zacks Industry Rank of 62, positioning it in the top 26% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.