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Here's Why Pilgrim's Pride (PPC) Fell More Than Broader Market
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In the latest close session, Pilgrim's Pride (PPC - Free Report) was down 2.99% at $27.27. The stock's performance was behind the S&P 500's daily loss of 0.17%. Elsewhere, the Dow lost 0.26%, while the tech-heavy Nasdaq lost 0.09%.
The poultry producer's shares have seen a decrease of 10.42% over the last month, not keeping up with the Consumer Staples sector's loss of 3.69% and the S&P 500's loss of 0.24%.
The upcoming earnings release of Pilgrim's Pride will be of great interest to investors. The company is expected to report EPS of $0.75, down 50.66% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $4.6 billion, down 3.35% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $2.35 per share and revenue of $18.5 billion. These totals would mark changes of -54.55% and +0.01%, respectively, from last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Pilgrim's Pride. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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, 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. Within the past 30 days, our consensus EPS projection remained stagnant. Pilgrim's Pride is currently sporting a Zacks Rank of #5 (Strong Sell).
Valuation is also important, so investors should note that Pilgrim's Pride has a Forward P/E ratio of 11.96 right now. For comparison, its industry has an average Forward P/E of 12.69, which means Pilgrim's Pride is trading at a discount to the group.
The Food - Meat Products industry is part of the Consumer Staples sector. Currently, this industry holds a Zacks Industry Rank of 247, positioning it in the bottom 1% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
View the Zacks #1 Rank List
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Here's Why Pilgrim's Pride (PPC) Fell More Than Broader Market
In the latest close session, Pilgrim's Pride (PPC - Free Report) was down 2.99% at $27.27. The stock's performance was behind the S&P 500's daily loss of 0.17%. Elsewhere, the Dow lost 0.26%, while the tech-heavy Nasdaq lost 0.09%.
The poultry producer's shares have seen a decrease of 10.42% over the last month, not keeping up with the Consumer Staples sector's loss of 3.69% and the S&P 500's loss of 0.24%.
The upcoming earnings release of Pilgrim's Pride will be of great interest to investors. The company is expected to report EPS of $0.75, down 50.66% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $4.6 billion, down 3.35% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $2.35 per share and revenue of $18.5 billion. These totals would mark changes of -54.55% and +0.01%, respectively, from last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Pilgrim's Pride. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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, 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. Within the past 30 days, our consensus EPS projection remained stagnant. Pilgrim's Pride is currently sporting a Zacks Rank of #5 (Strong Sell).
Valuation is also important, so investors should note that Pilgrim's Pride has a Forward P/E ratio of 11.96 right now. For comparison, its industry has an average Forward P/E of 12.69, which means Pilgrim's Pride is trading at a discount to the group.
The Food - Meat Products industry is part of the Consumer Staples sector. Currently, this industry holds a Zacks Industry Rank of 247, positioning it in the bottom 1% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.