Pilgrim's Pride (PPC) Laps the Stock Market: Here's Why

Company Performance - Pilgrim's Pride (PPC) closed at $45.75, reflecting a +1.42% change from the previous day's closing price, outperforming the S&P 500's daily gain of 0.38% [1] - Over the past month, shares of Pilgrim's Pride have decreased by 1.27%, underperforming the Consumer Staples sector's gain of 2.14% and the S&P 500's gain of 6.6% [1] Earnings Projections - The upcoming earnings per share (EPS) for Pilgrim's Pride is projected at $1.63, indicating a 2.40% decline compared to the same quarter last year [2] - For the entire fiscal year, the Zacks Consensus Estimates forecast earnings of $5.39 per share and revenue of $0 million, representing changes of -0.55% and 0% from the prior year, respectively [2] Analyst Estimates - Recent changes to analyst estimates for Pilgrim's Pride indicate a dynamic nature of near-term business trends, with positive revisions reflecting analyst optimism regarding the company's profitability [3] Zacks Rank and Valuation - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), currently ranks Pilgrim's Pride at 3 (Hold), with a recent downward shift of 0.37% in the consensus EPS estimate [5] - Pilgrim's Pride is trading at a Forward P/E ratio of 8.38, which is a discount compared to the industry average Forward P/E of 12.24 [6] Industry Context - The Food - Meat Products industry, part of the Consumer Staples sector, has a Zacks Industry Rank of 164, placing it in the bottom 34% of over 250 industries [6][7] - The Zacks Industry Rank measures the strength of industry groups by averaging the Zacks Rank of individual stocks, with top-rated industries outperforming the bottom half by a factor of 2 to 1 [7]