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Pilgrim's Pride (PPC) Stock Moves -1.97%: What You Should Know
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Pilgrim's Pride (PPC - Free Report) closed the most recent trading day at $30.41, moving -1.97% from the previous trading session. This change was narrower than the S&P 500's daily loss of 2.91%. At the same time, the Dow lost 2.73%, and the tech-heavy Nasdaq lost 0.25%.
Prior to today's trading, shares of the poultry producer had gained 9.69% over the past month. This has outpaced the Consumer Staples sector's loss of 2.55% and the S&P 500's gain of 0.84% in that time.
Pilgrim's Pride will be looking to display strength as it nears its next earnings release. In that report, analysts expect Pilgrim's Pride to post earnings of $1.17 per share. This would mark year-over-year growth of 85.71%.
It is also important to note the recent changes to analyst estimates for Pilgrim's Pride. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable 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. Within the past 30 days, our consensus EPS projection remained stagnant. Pilgrim's Pride is currently a Zacks Rank #1 (Strong Buy).
Digging into valuation, Pilgrim's Pride currently has a Forward P/E ratio of 9.53. This valuation marks a no noticeable deviation compared to its industry's average Forward P/E of 9.53.
Also, we should mention that PPC has a PEG ratio of 0.64. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Food - Meat Products industry currently had an average PEG ratio of 1.26 as of yesterday's close.
The Food - Meat Products industry is part of the Consumer Staples sector. This industry currently has a Zacks Industry Rank of 23, which puts it in the top 10% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow PPC in the coming trading sessions, be sure to utilize Zacks.com.
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Pilgrim's Pride (PPC) Stock Moves -1.97%: What You Should Know
Pilgrim's Pride (PPC - Free Report) closed the most recent trading day at $30.41, moving -1.97% from the previous trading session. This change was narrower than the S&P 500's daily loss of 2.91%. At the same time, the Dow lost 2.73%, and the tech-heavy Nasdaq lost 0.25%.
Prior to today's trading, shares of the poultry producer had gained 9.69% over the past month. This has outpaced the Consumer Staples sector's loss of 2.55% and the S&P 500's gain of 0.84% in that time.
Pilgrim's Pride will be looking to display strength as it nears its next earnings release. In that report, analysts expect Pilgrim's Pride to post earnings of $1.17 per share. This would mark year-over-year growth of 85.71%.
It is also important to note the recent changes to analyst estimates for Pilgrim's Pride. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable 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. Within the past 30 days, our consensus EPS projection remained stagnant. Pilgrim's Pride is currently a Zacks Rank #1 (Strong Buy).
Digging into valuation, Pilgrim's Pride currently has a Forward P/E ratio of 9.53. This valuation marks a no noticeable deviation compared to its industry's average Forward P/E of 9.53.
Also, we should mention that PPC has a PEG ratio of 0.64. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Food - Meat Products industry currently had an average PEG ratio of 1.26 as of yesterday's close.
The Food - Meat Products industry is part of the Consumer Staples sector. This industry currently has a Zacks Industry Rank of 23, which puts it in the top 10% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow PPC in the coming trading sessions, be sure to utilize Zacks.com.