Pilgrims Pride Corp reports results for the quarter ended in December - Earnings Summary

Pilgrims Pride

26/02/2024 14:30

* Pilgrims Pride Corp  PPC.OQ  reported quarterly adjusted
earnings of 59 cents​​ per share for the quarter ended in
December, higher than the same quarter last year, when the
company reported EPS of -49 cents.  The mean expectation of
six analysts for the quarter was for earnings of 40 cents per
share. Wall Street expected results to range from 29 cents to 46
cents per share.
    * Revenue rose 9.7% to $4.53 billion from a year ago;
analysts
expected $4.48 billion. 
    * Pilgrims Pride Corp's reported EPS for the quarter was 57
cents​.
    * The company reported quarterly net income of $134.65
million.
    * Pilgrims Pride Corp shares had risen by 4.4% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.5%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the food
processing
peer group is also "buy"

Wall Street's median 12-month price target for Pilgrims Pride
Corp is $29.00 
This summary was machine generated from LSEG data February 26 at
02:30 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.40           0.59           Beat
 Sep. 30 2023      0.42           0.58           Beat
 Jun. 30 2023      0.30           0.44           Beat
 Mar. 31 2023      0.05           0.08           Beat