In the latest close session, Pilgrim's Pride (PPC) was down 2.09% at $28.55. The stock trailed the S&P 500, which registered a daily gain of 0.89%. Elsewhere, the Dow saw an upswing of 0.74%, while the tech-heavy Nasdaq appreciated by 1.29%.
Shares of the poultry producer have appreciated by 9.5% over the course of the past month, outperforming the Consumer Staples sector's gain of 2.44%, and the S&P 500's loss of 0.63%.
The upcoming earnings release of Pilgrim's Pride will be of great interest to investors. The company's earnings report is expected on July 29, 2026. The company is predicted to post an EPS of $0.75, indicating a 55.88% decline compared to the equivalent quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $4.9 billion, up 3% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $3.01 per share and a revenue of $18.7 billion, representing changes of -41.78% and +1.09%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for Pilgrim's Pride. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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, 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, there's been a 14.51% fall in the Zacks Consensus EPS estimate. As of now, Pilgrim's Pride holds a Zacks Rank of #5 (Strong Sell).
Looking at valuation, Pilgrim's Pride is presently trading at a Forward P/E ratio of 9.7. This signifies a discount in comparison to the average Forward P/E of 11.89 for its industry.
The Food - Meat Products industry is part of the Consumer Staples sector. This group has a Zacks Industry Rank of 213, putting it in the bottom 14% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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Pilgrim's Pride Corporation (PPC): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).