We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Tyson Foods (TSN) Stock Moves -0.22%: What You Should Know
Read MoreHide Full Article
In the latest trading session, Tyson Foods (TSN - Free Report) closed at $85.62, marking a -0.22% move from the previous day. This change was narrower than the S&P 500's daily loss of 2.01%. At the same time, the Dow lost 1.56%, and the tech-heavy Nasdaq lost 0.12%.
Prior to today's trading, shares of the meat producer had lost 5.74% over the past month. This has lagged the Consumer Staples sector's loss of 1.92% and was narrower than the S&P 500's loss of 6.08% in that time.
Wall Street will be looking for positivity from Tyson Foods as it approaches its next earnings report date. This is expected to be August 8, 2022. The company is expected to report EPS of $1.92, down 28.89% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $13.27 billion, up 6.36% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $9.14 per share and revenue of $52.2 billion, which would represent changes of +10.39% and +10.94%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Tyson Foods. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.79% higher. Tyson Foods is currently a Zacks Rank #3 (Hold).
In terms of valuation, Tyson Foods is currently trading at a Forward P/E ratio of 9.39. This valuation marks a no noticeable deviation compared to its industry's average Forward P/E of 9.39.
Investors should also note that TSN has a PEG ratio of 1.26 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. 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 group has a Zacks Industry Rank of 19, putting it in the top 8% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Tyson Foods (TSN) Stock Moves -0.22%: What You Should Know
In the latest trading session, Tyson Foods (TSN - Free Report) closed at $85.62, marking a -0.22% move from the previous day. This change was narrower than the S&P 500's daily loss of 2.01%. At the same time, the Dow lost 1.56%, and the tech-heavy Nasdaq lost 0.12%.
Prior to today's trading, shares of the meat producer had lost 5.74% over the past month. This has lagged the Consumer Staples sector's loss of 1.92% and was narrower than the S&P 500's loss of 6.08% in that time.
Wall Street will be looking for positivity from Tyson Foods as it approaches its next earnings report date. This is expected to be August 8, 2022. The company is expected to report EPS of $1.92, down 28.89% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $13.27 billion, up 6.36% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $9.14 per share and revenue of $52.2 billion, which would represent changes of +10.39% and +10.94%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Tyson Foods. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.79% higher. Tyson Foods is currently a Zacks Rank #3 (Hold).
In terms of valuation, Tyson Foods is currently trading at a Forward P/E ratio of 9.39. This valuation marks a no noticeable deviation compared to its industry's average Forward P/E of 9.39.
Investors should also note that TSN has a PEG ratio of 1.26 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. 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 group has a Zacks Industry Rank of 19, putting it in the top 8% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.