Pilgrim's Pride (PPC Quick QuotePPC - Free Report) closed at $29.18 in the latest trading session, marking a -2.34% move from the prior day. This move lagged the S&P 500's daily gain of 0.3%. Meanwhile, the Dow lost 0.16%, and the Nasdaq, a tech-heavy index, added 0.86%.

The poultry producer's shares have seen an increase of 2.68% over the last month, surpassing the Consumer Staples sector's loss of 0.2% and the S&P 500's gain of 1.92%.

The upcoming earnings release of Pilgrim's Pride will be of great interest to investors. In that report, analysts expect Pilgrim's Pride to post earnings of $0.97 per share. This would mark a year-over-year decline of 42.94%. Alongside, our most recent consensus estimate is anticipating revenue of $4.9 billion, indicating a 3% upward movement from the same quarter last year.

For the full year, the Zacks Consensus Estimates project earnings of $3.52 per share and a revenue of $18.7 billion, demonstrating changes of -31.91% and +1.09%, respectively, from the preceding year.

Investors should also note any recent changes to analyst estimates for Pilgrim's Pride. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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, 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 last 30 days, the Zacks Consensus EPS estimate has witnessed a 9.06% decrease. As of now, Pilgrim's Pride holds a Zacks Rank of #5 (Strong Sell).

With respect to valuation, Pilgrim's Pride is currently being traded at a Forward P/E ratio of 8.5. This signifies a discount in comparison to the average Forward P/E of 11.89 for its industry.

The Food - Meat Products industry is part of the Consumer Staples sector. At present, this industry carries a Zacks Industry Rank of 178, placing it within the bottom 28% of over 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.