We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Factors Likely to Impact Pilgrim's Pride's (PPC) Q1 Earnings
Read MoreHide Full Article
Pilgrim’s Pride Corporation (PPC - Free Report) is scheduled to release first-quarter 2020 results on Apr 30. The company reported negative earnings surprise of 36.4% in the last reported quarter.The Zacks Consensus Estimate for first-quarter earnings has been stable at 17 cents over the past 30 days. The bottom-line projection suggests a decline of 51.4% from the year-ago quarter’s reported figure.
Let’s discuss the factors that are likely to get reflected in the upcoming quarterly results.
Key Aspects to Note
Pilgrim’s Pride has been witnessing weak macroeconomic conditions in Mexico, which led to disruptions in consumer spending along with lower demand in the region during fourth-quarter 2019. In fact, these factors dented operating profit in Mexico in the fourth quarter. Apart from this, the company has been witnessing higher wheat prices in the U.K. stemming from poor planning situations during late 2019 in Western Europe.
Nevertheless, Pilgrim’s Pride has been benefiting from strength in Prepared Foods business under Premium Pilgrims and Del Dia. These brands have been gaining from favorable consumer acceptance. Also, the company’s customer centric approach bodes well. Apart from these, expansion in the organic food space, especially fresh chicken and gluten-free products have been aiding its performance.
What the Zacks Model Unveils
Our proven model doesn’t predict an earnings beat for Pilgrim’s Pride this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Pilgrim’s Pride carries a Zacks Rank #4 (Sell) and an Earnings ESP of 0.00%.
Stocks With Favorable Combination
Here are some companies that you may want to consider as our model shows that these also have the right combination of elements to post an earnings beat.
Campbell Soup Company (CPB - Free Report) currently has an Earnings ESP of +21.06% and a Zacks Rank #2.
Kellogg Company (K - Free Report) currently has an Earnings ESP of +3.23% and a Zacks Rank of 3.
The Hottest Tech Mega-Trend of All
Last year, it generated $24 billion in global revenues. By 2020, it's predicted to blast through the roof to $77.6 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early. See Zacks' 3 Best Stocks to Play This Trend >>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Factors Likely to Impact Pilgrim's Pride's (PPC) Q1 Earnings
Pilgrim’s Pride Corporation (PPC - Free Report) is scheduled to release first-quarter 2020 results on Apr 30. The company reported negative earnings surprise of 36.4% in the last reported quarter.The Zacks Consensus Estimate for first-quarter earnings has been stable at 17 cents over the past 30 days. The bottom-line projection suggests a decline of 51.4% from the year-ago quarter’s reported figure.
Let’s discuss the factors that are likely to get reflected in the upcoming quarterly results.
Key Aspects to Note
Pilgrim’s Pride has been witnessing weak macroeconomic conditions in Mexico, which led to disruptions in consumer spending along with lower demand in the region during fourth-quarter 2019. In fact, these factors dented operating profit in Mexico in the fourth quarter. Apart from this, the company has been witnessing higher wheat prices in the U.K. stemming from poor planning situations during late 2019 in Western Europe.
Nevertheless, Pilgrim’s Pride has been benefiting from strength in Prepared Foods business under Premium Pilgrims and Del Dia. These brands have been gaining from favorable consumer acceptance. Also, the company’s customer centric approach bodes well. Apart from these, expansion in the organic food space, especially fresh chicken and gluten-free products have been aiding its performance.
What the Zacks Model Unveils
Our proven model doesn’t predict an earnings beat for Pilgrim’s Pride this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Pilgrim’s Pride carries a Zacks Rank #4 (Sell) and an Earnings ESP of 0.00%.
Stocks With Favorable Combination
Here are some companies that you may want to consider as our model shows that these also have the right combination of elements to post an earnings beat.
The J. M. Smucker Company (SJM - Free Report) currently has an Earnings ESP of +1.66% and a Zacks Rank of 1. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Campbell Soup Company (CPB - Free Report) currently has an Earnings ESP of +21.06% and a Zacks Rank #2.
Kellogg Company (K - Free Report) currently has an Earnings ESP of +3.23% and a Zacks Rank of 3.
The Hottest Tech Mega-Trend of All
Last year, it generated $24 billion in global revenues. By 2020, it's predicted to blast through the roof to $77.6 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>