Pilgrim's Pride (PPC) Stock Sinks As Market Gains: Here's Why

Core Insights - Pilgrim's Pride (PPC) stock closed at $38.52, down 5.4% from the previous trading session, underperforming the S&P 500 which gained 0.37% [1] - The stock has decreased by 8.06% over the past month, compared to a 3.28% loss in the Consumer Staples sector and a 4.26% gain in the S&P 500 [1] Earnings Forecast - The upcoming earnings release is anticipated, with a forecasted EPS of $1.46, reflecting a 10.43% decrease from the same quarter last year [2] - For the annual period, Zacks Consensus Estimates predict earnings of $5.39 per share and revenue of $0 million, indicating changes of -0.55% and 0% respectively from the previous year [2] Analyst Estimates - Recent modifications to analyst estimates for Pilgrim's Pride are crucial for understanding near-term business trends, with positive revisions indicating optimism about the business outlook [3] Zacks Rank and Performance - 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 [4][5] - Currently, Pilgrim's Pride holds a Zacks Rank of 3 (Hold), with the consensus EPS estimate decreasing by 0.55% over the past month [5] Valuation Metrics - Pilgrim's Pride has a Forward P/E ratio of 7.55, which is lower than the industry average of 11.59, indicating it is trading at a discount compared to its peers [6] - The Food - Meat Products industry, part of the Consumer Staples sector, has a Zacks Industry Rank of 208, placing it in the bottom 16% of over 250 industries [6][7]