Tyson Foods (TSN) Stock Drops Despite Market Gains: Important Facts to Note

Company Overview - Tyson Foods is set to announce its earnings on August 5, 2024, with an expected EPS of $0.60, reflecting a 300% increase from the prior-year quarter [1] - The consensus estimate anticipates revenue of $13.17 billion, indicating a 0.2% increase from the same quarter last year [1] - For the entire fiscal year, earnings are projected at $2.58 per share and revenue at $52.89 billion, representing changes of +92.54% and +0.03% respectively from the prior year [6] Stock Performance - The most recent trading session closed with Tyson Foods at $56.90, showing a -0.4% change from the previous day's closing [5] - Over the past month, shares have depreciated by 1.13%, underperforming the Consumer Staples sector's loss of 0.93% and the S&P 500's gain of 3.22% [9] Valuation Metrics - Tyson Foods currently has a PEG ratio of 0.41, which is in line with the Food - Meat Products industry average [3] - The Forward P/E ratio stands at 22.17, indicating a premium compared to the industry's average Forward P/E of 19.04 [11] Industry Context - The Food - Meat Products industry is part of the Consumer Staples sector and holds a Zacks Industry Rank of 99, placing it in the top 40% of over 250 industries [8] - The Zacks Rank system categorizes Tyson Foods as 3 (Hold), with a recent 0.68% rise in the Zacks Consensus EPS estimate [7]