Pilgrim's Pride (PPC) Stock Slides as Market Rises: Facts to Know Before You Trade

Company Performance - Pilgrim's Pride (PPC) stock decreased by 5.42% to $37.55, underperforming the S&P 500 which gained 0.62% [1] - Over the past month, Pilgrim's Pride shares increased by 3.39%, outperforming the Consumer Staples sector which declined by 1.6% and the S&P 500 which rose by 0.59% [1] Earnings Projections - The upcoming EPS for Pilgrim's Pride is projected at $0.91, indicating a 32.59% decline compared to the same quarter last year [2] - For the full year, Zacks Consensus Estimates predict earnings of $5.45 per share and revenue of $0 million, reflecting changes of +0.55% and 0% respectively from the previous year [2] Analyst Forecasts - Recent revisions to analyst forecasts for Pilgrim's Pride should be monitored as they reflect short-term business trends and can indicate analysts' sentiment towards the company's profitability [3] Valuation Metrics - Pilgrim's Pride has a Forward P/E ratio of 8.92, which is lower than the industry average of 11.87, suggesting the company is trading at a discount compared to its peers [6] - The Food - Meat Products industry, part of the Consumer Staples sector, holds a Zacks Industry Rank of 63, placing it in the top 26% of over 250 industries [6] Zacks Rank System - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), has a proven track record of outperforming, with 1 rated stocks yielding an average annual return of +25% since 1988 [5] - Currently, Pilgrim's Pride holds a Zacks Rank of 3 (Hold), indicating a neutral outlook [5]