Why Is Pilgrim's Pride (PPC) Down 3.4% Since Last Earnings Report?

Core Insights - Pilgrim's Pride shares have decreased by approximately 3.4% since the last earnings report, although this performance has been better than the S&P 500 [1] - There is uncertainty regarding whether the negative trend will persist until the next earnings release or if the company is poised for a breakout [1] Earnings Estimates - Analysts have not made any revisions to earnings estimates in the past two months, indicating a period of stability in expectations [2]