Turnover Tuesday is a spectacle where investors are apprehensive about stock market returns on a Thursday, start hedging on a Friday, and get involved in outright selling on a Monday, per Brent Donnelly of Spectra Markets. He added that markets tend to bounce back on the following Tuesday. That's exactly what happened recently, with Wall Street witnessing a three-day rout, only to recover losses on Monday as investors' concerns about an economic slump were paused. Despite cooling, the labor market remains h ...

Have you been paying attention to shares of Pilgrim's Pride (PPC) ? Shares have been on the move with the stock up 15.2% over the past month. The stock hit a new 52-week high of $45.48 in the previous session. Pilgrim's Pride has gained 58% since the start of the year compared to the 4.6% move for the Zacks Consumer Staples sector and the 14.1% return for the Zacks Food - Meat Products industry. What's Driving the Outperformance? The stock has an impressive record of positive earnings surprises, as it hasn' ...

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When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important? Let's take a look at what these Wall Street heavyweights have to say about Pilgrim's Pride (PPC) before we discuss the reliability of brokerage recommendations and how to use them to your advantage. Pilgrim's Pride currently has an average brokerage reco ...

Pilgrim's. Financial Results for Second Quarter Ended June 30, 2024 Pilgrim's Pride Corporation (NASDAQ: PPC) Cautionary Notes and Forward-Looking Statements ◼ Statements contained in this press release that state the intentions, plans, hopes, beliefs, anticipations, expectations or predictions of the future of Pilgrim's Pride Corporation and its management are considered forward-looking statements. Without limiting the foregoing, words such as "anticipates," "believes," "estimates," "expects," "intends," " ...

Pilgrim's Pride Corporation. (NASDAQ:PPC) Q2 2024 Earnings Conference Call August 1, 2024 9:00 AM ET Company Participants Andrew Rojeski - Head, Strategy, Investor Relations and Sustainability Fabio Sandri - President and Chief Executive Officer Matt Galvanoni - Chief Financial Officer Conference Call Participants Benjamin Theurer - Barclays Peter Galbo - Bank of America Andrew Strelzik - BMO Jordan Lee - Goldman Sachs Heather Jones - Heather Jones Research Priya Ohri-Gupta - Barclays Operator Good morning ...

Pilgrim's Pride Corporation (PPC) reported impressive second-quarter 2024 results, with the top and bottom lines increasing from the year-ago quarter. Also, the company's earnings surpassed the Zacks Consensus Estimate. The company's portfolio diversification strategies, operational excellence, branded offerings and key customer partnerships have been driving growth. Q2 in Detail PPC reported adjusted earnings of $1.67 per share, surpassing the Zacks Consensus Estimate of $1.32. Also, the bottom line increa ...

The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks. Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they be ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to _______ Commission File number 1-9273 PILGRIM'S PRIDE CORPORATION (Exact name of registrant as specified in its charter) Delaware 75-1285071 (State or other ju ...

Pilgrim's Pride Reports Second Quarter 2024 Results with $4.6 Billion in Net Sales and Operating Income of $440.8 Million GREELEY, Colo., July 31, 2024 (GLOBE NEWSWIRE) - Pilgrim's Pride Corporation (NASDAQ: PPC), one of the world's largest poultry producers, reports its second quarter 2024 financial results. Second Quarter Highlights • Net Sales of $4.6 billion. • Consolidated GAAP operating income margin of 9.7%. • GAAP Net Income of $326.5 million and GAAP EPS of $1.37. Adjusted Net Income of $398.0 mill ...