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. Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they be ...

Core Insights - Pilgrim's Pride Corporation reported strong financial results for Q2 2024, with net sales reaching $4.6 billion and a GAAP net income of $326.5 million, reflecting a significant year-over-year growth in profitability [2][4]. Financial Performance - Net sales increased by 5.8% year-over-year from $4.3 billion in Q2 2023 to $4.6 billion in Q2 2024 [3]. - GAAP operating income margin was 9.7%, with GAAP EPS rising to $1.37, a 448% increase compared to $0.25 in the same quarter last year [2][3]. - Adjusted EBITDA for the quarter was $655.9 million, representing a 163.7% increase from $248.7 million in Q2 2023, with an adjusted EBITDA margin of 14.4% [2][3]. Segment Performance - The U.S. segment showed strong performance, with adjusted EBITDA margins of 16.7%, driven by improved market conditions and operational excellence [2][3]. - In Europe, adjusted EBITDA grew over 40% year-over-year, supported by better customer mix and operational improvements [2][3]. - Mexico's performance improved due to balanced commodity supply and demand, with growth in both fresh and prepared offerings [2][3]. Strategic Initiatives - The company is focusing on diversifying its product offerings, with notable growth in its prepared foods segment and the launch of over 85 new products [2][3]. - Investments in a new protein conversion plant in South Georgia are on schedule, aimed at supporting future growth and enhancing operational capabilities [2][3][10]. Market Conditions - Enhanced commodity fundamentals and disciplined execution of strategies contributed to the improved performance in the U.S. market [5][6]. - Consumer sentiment in Europe improved as wage growth outpaced inflation, allowing the company to optimize its customer mix and drive branded offerings [7][8]. Liquidity and Financial Health - The company maintains a strong liquidity position with a net leverage ratio of 1.1x adjusted EBITDA, providing a solid foundation for executing growth strategies [2][3].

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 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 ...

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 ...

Pilgrim's Pride (PPC) closed at $38.29 in the latest trading session, marking a +0.74% move from the prior day. The stock outperformed the S&P 500, which registered a daily gain of 0.09%. Meanwhile, the Dow gained 0.09%, and the Nasdaq, a tech-heavy index, added 0.3%. Investors should also note any recent changes to analyst estimates for Pilgrim's Pride. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' pos ...

Pilgrim's Pride (PPC) ended the recent trading session at $36.84, demonstrating a +1.94% swing from the preceding day's closing price. The stock's performance was ahead of the S&P 500's daily loss of 0.16%. Meanwhile, the Dow experienced a rise of 0.04%, and the technology-dominated Nasdaq saw a decrease of 0.18%. Investors should also pay attention to any latest changes in analyst estimates for Pilgrim's Pride. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, ...

Market participants will be closely following the financial results of Pilgrim's Pride in its upcoming release. It is anticipated that the company will report an EPS of $1.32, marking a 200% rise compared to the same quarter of the previous year. Pilgrim's Pride (PPC) closed at $35.01 in the latest trading session, marking a -0.03% move from the prior day. The stock fell short of the S&P 500, which registered a gain of 0.85% for the day. Meanwhile, the Dow lost 0.09%, and the Nasdaq, a tech-heavy index, add ...

Further, its excellence in the foodservice channel has been noteworthy. Moving on, solid gains were observed in the Mexico and Europe segments during the first quarter of 2024.The company's success across various regions and channels highlight the effectiveness of its business strategies and market approach. Unlocking Value in Pilgrim's Pride Pilgrim's Pride has been witnessing impressive strength in the stock market over the past six months. Headquartered in Greeley, CO, PPC has indeed seen a notable incre ...

In the latest trading session, Pilgrim's Pride (PPC) closed at $34.16, marking a -1.44% move from the previous day. The stock's performance was behind the S&P 500's daily gain of 1.19%. Meanwhile, the Dow experienced a rise of 0.25%, and the technology-dominated Nasdaq saw an increase of 1.96%. Shares of the poultry producer have depreciated by 5.17% over the course of the past month, underperforming the Consumer Staples sector's gain of 0.87% and the S&P 500's gain of 3.35%. The upcoming earnings release o ...