GREELEY, Colo., July 31, 2024 (GLOBE NEWSWIRE) -- Pilgrim's Pride Corporation (NASDAQ:PPC), one of the world's largest food companies, 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 million or Adjusted EPS of $1.67. Adjusted EBITDA of $655.9 million, or a 14.4% margin, with Adjusted EBITDA margins of 16.7% in the U. ...

GREELEY, Colo., July 31, 2024 (GLOBE NEWSWIRE) -- Pilgrim's Pride Corporation (NASDAQ: PPC), one of the world's largest food companies, 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 million or Adjusted EPS of $1.67. Adjusted EBITDA of $655.9 million, or a 14.4% margin, with Adjusted EBITDA margins of 16.7% in the U ...

Procter & Gamble (PG) currently has an Earnings ESP of +0.64% and a Zacks Rank #3. The company is likely to register top-line growth when it reports fourth-quarter fiscal 2024 numbers. The consensus mark for revenues is pegged at $20.72 billion, suggesting growth of 0.8% from the figure reported in the year-ago quarter. The Zacks Consensus Estimate for Procter & Gamble's quarterly earnings per share of $1.37 is in line with the figure reported in the year-ago quarter. PG has a trailing four-quarter earnings ...

Investors might also notice recent changes to analyst estimates for Pilgrim's Pride. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability. Valuation is also important, so investors should note that Pilgrim's Pride has a Forward P/E ratio of 9.29 right now. This signifies a discount in comparison to the average Forward P/E of 19.51 for its industry. Th ...

Pilgrim's Pride Corporation (PPC) has seen a significant rise in its stock price, increasing 42.3% year to date. This performance outpaces the 10.4% growth of the Food - Meat Products industry and the broader Zacks Consumer Staples sector's 3.7% rise. The company has been benefiting from strategic growth initiatives such as focusing on key customers, expanding capacity, strengthening brands, and reducing costs. Image Source: Zacks Investment Research PPC has seen strong performance in Mexico thanks to balan ...

The stock has an impressive record of positive earnings surprises, as it hasn't missed our earnings consensus estimate in any of the last four quarters. In its last earnings report on May 1, 2024, Pilgrim's Pride reported EPS of $0.77 versus consensus estimate of $0.6. On this front, we can look at the Zacks Style Scores, as they provide investors with an additional way to sort through stocks (beyond looking at the Zacks Rank of a security). These styles are represented by grades running from A to F in the ...

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. In addition to the Zacks Rank, investors looking for stocks with specific traits can utilize our Style Scores system. Of course, value investors will be most interested in the system's "Value" category. Stocks with "A" grades for Value ...

Here are five stocks that appear attractive by this gauge. Want to invest in a company that is better at generating sales than profits? The tool I use to identify such companies is the price-sales ratio. Take the stock price, divide it by the company's sales per share (also called revenue per share) and you have the ratio. Pilgrims Pride This might benefit chicken producers such as Pilgrims Pride Corp. (PPC, Financial). It is the second-largest chicken producer in the U.S. Tyson Foods (TSN, Financial) is fi ...

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though? 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 ...

The latest trading session saw Pilgrim's Pride (PPC) ending at $38.05, denoting a +0.32% adjustment from its last day's close. This change lagged the S&P 500's 1.02% gain on the day. Elsewhere, the Dow gained 1.09%, while the tech-heavy Nasdaq added 1.18%. The investment community will be paying close attention to the earnings performance of Pilgrim's Pride in its upcoming release. The company's upcoming EPS is projected at $1.32, signifying a 200% increase compared to the same quarter of the previous year. ...