Pilgrim's Pride has been assigned a Zacks Rank #4, or Sell, indicating the stock may underperform the broader market in the near term. The consensus earnings estimate for the current quarter stands at 97 cents per share, a 42.9% decline from the year-ago period, while the full-year estimate of $3.52 represents a 31.9% drop. Revenue is projected to reach $4.9 billion for the quarter, up 3% year over year, with annual estimates of $18.7 billion and $19.2 billion for the current and next fiscal years. The stock has returned 0.4% over the past month, outperforming the Zacks S&P 500 composite's 1.8% decline and the Food - Meat Products industry's 2.2% loss. Despite a Value Style Score of A, suggesting the shares trade at a discount to peers, the unchanged earnings estimates and negative growth outlook underpin the bearish rating.
Pilgrims Pride CorpZacks assigns Sell rating due to declining earnings estimates and negative growth outlook.