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

Pilgrims Pride

27/07/2023 24:00

* Pilgrims Pride Corp  PPC.OQ  reported quarterly adjusted
earnings of 44 cents​​ per share for the quarter ended in June.
The mean expectation of six analysts for the quarter was
for earnings of 30 cents per share.
    * Revenue fell 7% to $4.31 billion from a year ago; analysts
expected $4.36 billion. 
    * Pilgrims Pride Corp's reported EPS for the quarter was 25
cents​.
    * The mean earnings estimate of analysts had fallen by
about 26.7%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates 
    * Pilgrims Pride Corp shares had risen by 12.4% this
quarter and
gained 1.8% so far this year.
    * The company reported quarterly net income of $60.46
million.
    * Wall Street's median 12-month price target for Pilgrims
Pride
Corp is $27.50 
    * 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." 

This summary was machine generated from LSEG Refinitiv data July
26 at 10:59 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.30           0.44           Beat
 Mar. 31 2023      0.05           0.08           Beat
 Dec. 31 2022      0.02           -0.49          Missed
 Sep. 30 2022      0.78           1.09           Beat