Pilgrim's Pride (PPC) Stock Drops Despite Market Gains: Important Facts to Note

Company Performance - Pilgrim's Pride (PPC) closed at $42.82, down 1.86% from the previous trading session, underperforming the S&P 500's gain of 0.47% [1] - Over the last month, the company's shares decreased by 9.05%, contrasting with the Consumer Staples sector's loss of 1.75% and the S&P 500's gain of 2.32% [1] Earnings Expectations - The upcoming earnings report is expected to show an EPS of $1.46, reflecting a 10.43% decline compared to the same quarter last year [2] - For the full year, the Zacks Consensus Estimates project earnings of $5.42 per share and revenue of $0 million, indicating no change from the previous year [2] Analyst Forecasts - Recent revisions to analyst forecasts for Pilgrim's Pride are important as they reflect short-term business trends, with positive revisions indicating optimism about the business outlook [3] Valuation Metrics - Pilgrim's Pride is currently trading with a Forward P/E ratio of 8.05, which is lower than the industry average Forward P/E of 12.13, suggesting the company is trading at a discount [6] - The Food - Meat Products industry, part of the Consumer Staples sector, has a Zacks Industry Rank of 195, placing it in the bottom 22% of over 250 industries [6] Zacks Rank System - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), has shown that 1 stocks have generated an average annual return of +25% since 1988 [5] - Currently, Pilgrim's Pride holds a Zacks Rank of 3 (Hold), with no change in the Zacks Consensus EPS estimate over the past month [5]