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Why Tyson Foods (TSN) Dipped More Than Broader Market Today
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Tyson Foods (TSN - Free Report) closed at $56.20 in the latest trading session, marking a -1.82% move from the prior day. The stock's change was less than the S&P 500's daily loss of 1.22%. Meanwhile, the Dow lost 0.98%, and the Nasdaq, a tech-heavy index, lost 1.35%.
The meat producer's stock has dropped by 13.48% in the past month, falling short of the Consumer Staples sector's gain of 1.54% and the S&P 500's gain of 1.56%.
The upcoming earnings release of Tyson Foods will be of great interest to investors. The company is forecasted to report an EPS of $1.07, showcasing a 17.58% upward movement from the corresponding quarter of the prior year. Meanwhile, our latest consensus estimate is calling for revenue of $14.4 billion, up 3.71% from the prior-year quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $4.2 per share and a revenue of $57.05 billion, representing changes of +1.94% and +4.78%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Tyson Foods. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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, 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. The Zacks Consensus EPS estimate has moved 2.52% higher within the past month. At present, Tyson Foods boasts a Zacks Rank of #2 (Buy).
Valuation is also important, so investors should note that Tyson Foods has a Forward P/E ratio of 13.62 right now. This represents a premium compared to its industry average Forward P/E of 11.55.
It is also worth noting that TSN currently has a PEG ratio of 1.15. 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 2.04 at the close of the market yesterday.
The Food - Meat Products industry is part of the Consumer Staples sector. This industry currently has a Zacks Industry Rank of 107, which puts it in the top 44% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming 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.
View the Zacks #1 Rank List
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Why Tyson Foods (TSN) Dipped More Than Broader Market Today
Tyson Foods (TSN - Free Report) closed at $56.20 in the latest trading session, marking a -1.82% move from the prior day. The stock's change was less than the S&P 500's daily loss of 1.22%. Meanwhile, the Dow lost 0.98%, and the Nasdaq, a tech-heavy index, lost 1.35%.
The meat producer's stock has dropped by 13.48% in the past month, falling short of the Consumer Staples sector's gain of 1.54% and the S&P 500's gain of 1.56%.
The upcoming earnings release of Tyson Foods will be of great interest to investors. The company is forecasted to report an EPS of $1.07, showcasing a 17.58% upward movement from the corresponding quarter of the prior year. Meanwhile, our latest consensus estimate is calling for revenue of $14.4 billion, up 3.71% from the prior-year quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $4.2 per share and a revenue of $57.05 billion, representing changes of +1.94% and +4.78%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Tyson Foods. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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, 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. The Zacks Consensus EPS estimate has moved 2.52% higher within the past month. At present, Tyson Foods boasts a Zacks Rank of #2 (Buy).
Valuation is also important, so investors should note that Tyson Foods has a Forward P/E ratio of 13.62 right now. This represents a premium compared to its industry average Forward P/E of 11.55.
It is also worth noting that TSN currently has a PEG ratio of 1.15. 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 2.04 at the close of the market yesterday.
The Food - Meat Products industry is part of the Consumer Staples sector. This industry currently has a Zacks Industry Rank of 107, which puts it in the top 44% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming 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.