Company Overview - Tyson Foods Inc. is the largest chicken company in the U.S., founded in 1935, and produces, distributes, and markets chicken, beef, pork, and prepared foods [10] - The company's products are marketed primarily to grocery retailers, wholesalers, meat distributors, military commissaries, industrial food processing companies, chain restaurants, and international export companies [10] Investment Ratings - Tyson Foods holds a Zacks Rank of 3 (Hold) with a VGM Score of A, indicating a solid position in the market [11] - The company has a Momentum Style Score of A, with shares increasing by 8.4% over the past four weeks [11] Earnings Estimates - In the last 60 days, three analysts have revised their earnings estimates higher for fiscal 2024, with the Zacks Consensus Estimate increasing by $0.24 to $2.82 per share [11] - Tyson Foods has an average earnings surprise of 49%, suggesting strong performance relative to expectations [11] Conclusion - With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, Tyson Foods is recommended for investors' consideration [12]
Why Tyson Foods (TSN) is a Top Momentum Stock for the Long-Term