Pilgrim's Pride (PPC) Sees a More Significant Dip Than Broader Market: Some Facts to Know

Company Performance - Pilgrim's Pride (PPC) stock closed at $50.27, reflecting a -1.64% change from the previous day, underperforming the S&P 500's daily loss of 0.91% [1] - Over the past month, shares of Pilgrim's Pride have appreciated by 1.55%, which is lower than the Consumer Staples sector's gain of 3.05% and better than the S&P 500's loss of 7.38% [1] Earnings Outlook - Pilgrim's Pride is projected to report earnings of$ 1.27 per share in its upcoming earnings disclosure, indicating a year-over-year growth of 64.94% [2] Analyst Estimates - Recent changes in analyst estimates for Pilgrim's Pride are important as they reflect short-term business trends, with positive revisions being a good sign for the company's outlook [3] Zacks Rank and Performance - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), indicates that Pilgrim's Pride currently holds a Zacks Rank of 1 (Strong Buy), with 1 stocks historically generating an average annual return of +25% since 1988 [5] - The Zacks Consensus EPS estimate for Pilgrim's Pride has increased by 3.02% in the past month [5] Valuation Metrics - Pilgrim's Pride has a Forward P/E ratio of 9.68, which is lower than the industry average Forward P/E of 12.69, indicating a valuation discount [6] - The Food - Meat Products industry, which includes Pilgrim's Pride, holds a Zacks Industry Rank of 10, placing it in the top 4% of over 250 industries [6]