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Tyson Foods (TSN) Registers a Bigger Fall Than the Market: Important Facts to Note
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Tyson Foods (TSN - Free Report) ended the recent trading session at $60.24, demonstrating a -1.78% change from the preceding day's closing price. This change lagged the S&P 500's daily loss of 0.21%. At the same time, the Dow lost 0.07%, and the tech-heavy Nasdaq gained 0.01%.
The meat producer's stock has dropped by 6.22% in the past month, falling short of the Consumer Staples sector's loss of 3.04% and the S&P 500's loss of 2.26%.
Investors will be eagerly watching for the performance of Tyson Foods in its upcoming earnings disclosure. The company is forecasted to report an EPS of $0.82, showcasing a 10.87% downward movement from the corresponding quarter of the prior year. Alongside, our most recent consensus estimate is anticipating revenue of $13.73 billion, indicating a 4.98% upward movement from the same quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $3.88 per share and a revenue of $56.64 billion, signifying shifts of -5.83% and +4.04%, respectively, from the last year.
Investors should also pay attention to any latest changes in analyst estimates for Tyson Foods. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational 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. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Tyson Foods is holding a Zacks Rank of #3 (Hold) right now.
In the context of valuation, Tyson Foods is at present trading with a Forward P/E ratio of 15.8. This represents a premium compared to its industry average Forward P/E of 12.85.
It is also worth noting that TSN currently has a PEG ratio of 1.35. 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. By the end of yesterday's trading, the Food - Meat Products industry had an average PEG ratio of 1.35.
The Food - Meat Products industry is part of the Consumer Staples sector. This group has a Zacks Industry Rank of 206, putting it in the bottom 16% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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Tyson Foods (TSN) Registers a Bigger Fall Than the Market: Important Facts to Note
Tyson Foods (TSN - Free Report) ended the recent trading session at $60.24, demonstrating a -1.78% change from the preceding day's closing price. This change lagged the S&P 500's daily loss of 0.21%. At the same time, the Dow lost 0.07%, and the tech-heavy Nasdaq gained 0.01%.
The meat producer's stock has dropped by 6.22% in the past month, falling short of the Consumer Staples sector's loss of 3.04% and the S&P 500's loss of 2.26%.
Investors will be eagerly watching for the performance of Tyson Foods in its upcoming earnings disclosure. The company is forecasted to report an EPS of $0.82, showcasing a 10.87% downward movement from the corresponding quarter of the prior year. Alongside, our most recent consensus estimate is anticipating revenue of $13.73 billion, indicating a 4.98% upward movement from the same quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $3.88 per share and a revenue of $56.64 billion, signifying shifts of -5.83% and +4.04%, respectively, from the last year.
Investors should also pay attention to any latest changes in analyst estimates for Tyson Foods. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational 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. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Tyson Foods is holding a Zacks Rank of #3 (Hold) right now.
In the context of valuation, Tyson Foods is at present trading with a Forward P/E ratio of 15.8. This represents a premium compared to its industry average Forward P/E of 12.85.
It is also worth noting that TSN currently has a PEG ratio of 1.35. 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. By the end of yesterday's trading, the Food - Meat Products industry had an average PEG ratio of 1.35.
The Food - Meat Products industry is part of the Consumer Staples sector. This group has a Zacks Industry Rank of 206, putting it in the bottom 16% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.