Pilgrim's Pride (PPC) ended the recent trading session at $29.47, demonstrating a +2.01% change from the preceding day's closing price. This change outpaced the S&P 500's 1.09% loss on the day. Meanwhile, the Dow lost 0.34%, and the Nasdaq, a tech-heavy index, lost 2.15%.
Shares of the poultry producer have depreciated by 2.27% over the course of the past month, underperforming the Consumer Staples sector's gain of 1.5%, and the S&P 500's gain of 2.44%.
Investors will be eagerly watching for the performance of Pilgrim's Pride in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on October 28, 2026. The company is predicted to post an EPS of $0.64, indicating a 57.89% decline compared to the equivalent quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $4.6 billion, reflecting a 3.35% fall from the equivalent quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $2.23 per share and a revenue of $18.5 billion, representing changes of -56.87% and +0.01%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for Pilgrim's Pride. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, there's been a 5.11% fall in the Zacks Consensus EPS estimate. As of now, Pilgrim's Pride holds a Zacks Rank of #5 (Strong Sell).
Investors should also note Pilgrim's Pride's current valuation metrics, including its Forward P/E ratio of 12.95. Its industry sports an average Forward P/E of 13.28, so one might conclude that Pilgrim's Pride is trading at a discount comparatively.
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 is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming 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).