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Pilgrim's Pride (PPC) Outperforms Broader Market: What You Need to Know
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In the latest trading session, Pilgrim's Pride (PPC - Free Report) closed at $27.99, marking a +1.78% move from the previous day. This change outpaced the S&P 500's 0.66% gain on the day. Meanwhile, the Dow gained 0.18%, and the Nasdaq, a tech-heavy index, added 1.05%.
The poultry producer's shares have seen a decrease of 9.78% over the last month, not keeping up with the Consumer Staples sector's loss of 6.84% and the S&P 500's gain of 0.55%.
Market participants will be closely following the financial results of Pilgrim's Pride in its upcoming release. The company's earnings per share (EPS) are projected to be $0.75, reflecting a 50.66% decrease from the same quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $4.6 billion, showing a 3.35% drop compared to the year-ago quarter.
PPC's full-year Zacks Consensus Estimates are calling for earnings of $2.23 per share and revenue of $18.5 billion. These results would represent year-over-year changes of -56.87% and +0.01%, respectively.
Investors might also notice recent changes to analyst estimates for Pilgrim's Pride. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable 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 moved 5.11% lower. At present, Pilgrim's Pride boasts a Zacks Rank of #5 (Strong Sell).
In terms of valuation, Pilgrim's Pride is presently being traded at a Forward P/E ratio of 12.33. This valuation marks a premium compared to its industry average Forward P/E of 11.84.
The Food - Meat Products industry is part of the Consumer Staples sector. This industry, currently bearing a Zacks Industry Rank of 247, finds itself in the bottom 1% echelons 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
View the Zacks #1 Rank List
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Pilgrim's Pride (PPC) Outperforms Broader Market: What You Need to Know
In the latest trading session, Pilgrim's Pride (PPC - Free Report) closed at $27.99, marking a +1.78% move from the previous day. This change outpaced the S&P 500's 0.66% gain on the day. Meanwhile, the Dow gained 0.18%, and the Nasdaq, a tech-heavy index, added 1.05%.
The poultry producer's shares have seen a decrease of 9.78% over the last month, not keeping up with the Consumer Staples sector's loss of 6.84% and the S&P 500's gain of 0.55%.
Market participants will be closely following the financial results of Pilgrim's Pride in its upcoming release. The company's earnings per share (EPS) are projected to be $0.75, reflecting a 50.66% decrease from the same quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $4.6 billion, showing a 3.35% drop compared to the year-ago quarter.
PPC's full-year Zacks Consensus Estimates are calling for earnings of $2.23 per share and revenue of $18.5 billion. These results would represent year-over-year changes of -56.87% and +0.01%, respectively.
Investors might also notice recent changes to analyst estimates for Pilgrim's Pride. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable 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 moved 5.11% lower. At present, Pilgrim's Pride boasts a Zacks Rank of #5 (Strong Sell).
In terms of valuation, Pilgrim's Pride is presently being traded at a Forward P/E ratio of 12.33. This valuation marks a premium compared to its industry average Forward P/E of 11.84.
The Food - Meat Products industry is part of the Consumer Staples sector. This industry, currently bearing a Zacks Industry Rank of 247, finds itself in the bottom 1% echelons 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.