Pilgrim's Pride EPS Forecast Slashed 42% as Stock Falls 1.7%
Pilgrim’s Pride shares fell 1.69% to $40.75 after a 4.76% monthly decline, underperforming the S&P 500 and Consumer Staples sector. First-quarter EPS is projected at $0.76, down 41.98% year-over-year on $4.5 billion sales, while full-year earnings are forecast at $4.30 per share with a 9.64 forward P/E.
1. Stock Performance
Pilgrim’s Pride closed at $40.75, down 1.69% on March 5, trailing a 0.57% drop in the S&P 500, and has declined 4.76% over the past month versus a 0.16% drop in the Consumer Staples sector.
2. Q1 EPS and Revenue Estimates
Pilgrim’s Pride’s first-quarter EPS is projected at $0.76, a 41.98% decline year-over-year, while revenue is expected at $4.5 billion, up 0.83% from the year-ago period.
3. Full-Year Forecast and Valuation
Full-year consensus forecasts call for EPS of $4.30, down 16.83%, and revenue of $18.5 billion, up 0.01%, with a forward P/E of 9.64, trading below the industry average of 13.18.
4. Analyst Ranking and Estimate Revisions
The Zacks Consensus EPS estimate has fallen 4.66% over the last 30 days, contributing to Pilgrim’s Pride’s Zacks Rank #5 (Strong Sell), while its industry rank of 171 places it in the bottom 31% of sectors.