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Tyson Foods (TSN) Falls More Steeply Than Broader Market: What Investors Need to Know
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In the latest close session, Tyson Foods (TSN - Free Report) was down 1.15% at $52.55. The stock's change was less than the S&P 500's daily loss of 0.45%. On the other hand, the Dow registered a loss of 0.63%, and the technology-centric Nasdaq decreased by 0.78%.
Coming into today, shares of the meat producer had lost 9.3% in the past month. In that same time, the Consumer Staples sector lost 0.24%, while the S&P 500 lost 1.99%.
Market participants will be closely following the financial results of Tyson Foods in its upcoming release. The company's earnings per share (EPS) are projected to be $0.82, reflecting a 28.7% decrease from the same quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $14.36 billion, reflecting a 3.58% rise from the equivalent quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $3.65 per share and a revenue of $56.26 billion, indicating changes of -11.41% and +3.34%, respectively, from the former year.
Investors should also pay attention to any latest changes in analyst estimates for Tyson Foods. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 7.59% lower. Tyson Foods is currently a Zacks Rank #5 (Strong Sell).
In terms of valuation, Tyson Foods is currently trading at a Forward P/E ratio of 14.56. This expresses a premium compared to the average Forward P/E of 13.48 of its industry.
Investors should also note that TSN has a PEG ratio of 0.9 right now. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The average PEG ratio for the Food - Meat Products industry stood at 1.68 at the close of the market yesterday.
The Food - Meat Products industry is part of the Consumer Staples sector. This group has a Zacks Industry Rank of 246, putting it in the bottom 1% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
View the Zacks #1 Rank List
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Tyson Foods (TSN) Falls More Steeply Than Broader Market: What Investors Need to Know
In the latest close session, Tyson Foods (TSN - Free Report) was down 1.15% at $52.55. The stock's change was less than the S&P 500's daily loss of 0.45%. On the other hand, the Dow registered a loss of 0.63%, and the technology-centric Nasdaq decreased by 0.78%.
Coming into today, shares of the meat producer had lost 9.3% in the past month. In that same time, the Consumer Staples sector lost 0.24%, while the S&P 500 lost 1.99%.
Market participants will be closely following the financial results of Tyson Foods in its upcoming release. The company's earnings per share (EPS) are projected to be $0.82, reflecting a 28.7% decrease from the same quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $14.36 billion, reflecting a 3.58% rise from the equivalent quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $3.65 per share and a revenue of $56.26 billion, indicating changes of -11.41% and +3.34%, respectively, from the former year.
Investors should also pay attention to any latest changes in analyst estimates for Tyson Foods. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 7.59% lower. Tyson Foods is currently a Zacks Rank #5 (Strong Sell).
In terms of valuation, Tyson Foods is currently trading at a Forward P/E ratio of 14.56. This expresses a premium compared to the average Forward P/E of 13.48 of its industry.
Investors should also note that TSN has a PEG ratio of 0.9 right now. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The average PEG ratio for the Food - Meat Products industry stood at 1.68 at the close of the market yesterday.
The Food - Meat Products industry is part of the Consumer Staples sector. This group has a Zacks Industry Rank of 246, putting it in the bottom 1% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.