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Pilgrim's Pride (PPC) Registers a Bigger Fall Than the Market: Important Facts to Note
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In the latest trading session, Pilgrim's Pride (PPC - Free Report) closed at $29.93, marking a -1.03% move from the previous day. This change lagged the S&P 500's daily loss of 0.59%. On the other hand, the Dow registered a loss of 0.6%, and the technology-centric Nasdaq decreased by 0.65%.
Heading into today, shares of the poultry producer had gained 12.58% over the past month, outpacing the Consumer Staples sector's loss of 2.41% and the S&P 500's loss of 1.37%.
The investment community will be closely monitoring the performance of Pilgrim's Pride in its forthcoming earnings report. The company is forecasted to report an EPS of $0.75, showcasing a 50.66% downward movement from the corresponding quarter of the prior year. Our most recent consensus estimate is calling for quarterly revenue of $4.6 billion, down 3.35% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of $2.35 per share and a revenue of $18.5 billion, demonstrating changes of -54.55% and +0.01%, respectively, from the preceding year.
Investors should also take note of any recent adjustments to analyst estimates for Pilgrim's Pride. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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. Over the past month, the Zacks Consensus EPS estimate has moved 20.34% lower. At present, Pilgrim's Pride boasts a Zacks Rank of #5 (Strong Sell).
Looking at valuation, Pilgrim's Pride is presently trading at a Forward P/E ratio of 12.87. This valuation marks a discount compared to its industry average Forward P/E of 13.21.
The Food - Meat Products industry is part of the Consumer Staples sector. Currently, this industry holds a Zacks Industry Rank of 248, positioning it in the bottom 1% 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
View the Zacks #1 Rank List
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Pilgrim's Pride (PPC) Registers a Bigger Fall Than the Market: Important Facts to Note
In the latest trading session, Pilgrim's Pride (PPC - Free Report) closed at $29.93, marking a -1.03% move from the previous day. This change lagged the S&P 500's daily loss of 0.59%. On the other hand, the Dow registered a loss of 0.6%, and the technology-centric Nasdaq decreased by 0.65%.
Heading into today, shares of the poultry producer had gained 12.58% over the past month, outpacing the Consumer Staples sector's loss of 2.41% and the S&P 500's loss of 1.37%.
The investment community will be closely monitoring the performance of Pilgrim's Pride in its forthcoming earnings report. The company is forecasted to report an EPS of $0.75, showcasing a 50.66% downward movement from the corresponding quarter of the prior year. Our most recent consensus estimate is calling for quarterly revenue of $4.6 billion, down 3.35% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of $2.35 per share and a revenue of $18.5 billion, demonstrating changes of -54.55% and +0.01%, respectively, from the preceding year.
Investors should also take note of any recent adjustments to analyst estimates for Pilgrim's Pride. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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. Over the past month, the Zacks Consensus EPS estimate has moved 20.34% lower. At present, Pilgrim's Pride boasts a Zacks Rank of #5 (Strong Sell).
Looking at valuation, Pilgrim's Pride is presently trading at a Forward P/E ratio of 12.87. This valuation marks a discount compared to its industry average Forward P/E of 13.21.
The Food - Meat Products industry is part of the Consumer Staples sector. Currently, this industry holds a Zacks Industry Rank of 248, positioning it in the bottom 1% 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.