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

Pilgrims Pride

31/07/2024 23:31

* Pilgrims Pride Corp  PPC.OQ  reported quarterly adjusted
earnings of $1.67​​ per share for the quarter ended in January,
higher than the same quarter last year, when the company
reported EPS of 44 cents.  The mean expectation of five analysts
for the quarter was for earnings of $1.30 per share. Wall Street
expected results to range from $1.23  to $1.36 per share.
    * Revenue rose 5.8% to $4.56 billion from a year ago;
analysts
expected $4.62 billion. 
    * Pilgrims Pride Corp's reported EPS for the quarter was
$1.37​.
    * The company reported quarterly net income of $326.3
million.
    * Pilgrims Pride Corp shares had risen by 7.7% this
quarter and
gained 49.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 26.3%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 4
"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 $40.00 
This summary was machine generated from LSEG data July 31 at
10:31 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
 Jun. 30 2024      1.30           1.67           Beat
 Mar. 31 2024                     0.77           
 Dec. 31 2023      0.40           0.59           Beat
 Sep. 30 2023      0.42           0.58           Beat