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

Pilgrims Pride

26/10/2023 24:40

* Pilgrims Pride Corp  PPC.OQ  reported quarterly adjusted
earnings of 58 cents​​ per share for the quarter ended in
September. The mean expectation of six analysts for the quarter
was for earnings of 42 cents per share.
    * Revenue fell 2.4% to $4.36 billion from a year ago;
analysts
expected $4.26 billion. 
    * Pilgrims Pride Corp's reported EPS for the quarter was 51
cents​.
    * The mean earnings estimate of analysts had risen by
about 4% in
the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates 
    * Pilgrims Pride Corp shares had risen by 2.6% this
quarter and
lost 1.3% so far this year.
    * The company reported quarterly net income of $121.28
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
October 25 at 11:40 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.42           0.58           Beat
 Jun. 30 2023      0.30           0.44           Beat
 Mar. 31 2023      0.05           0.08           Beat
 Dec. 31 2022      0.02           -0.49          Missed