For its fourth fiscal quarter (ending December 31), Pilgrim’s Pride Corp (NASDAQ: PPC) has reported E.P.S. of $0.57 compared to $-0.66 a year ago. This result exceeded the consensus estimate of $0.43 by $0.14. For the latest four quarters through December 31, E.P.S. were $1.36 versus $3.11 for the same period a year ago — a decline of -56%.
Recent Price Action
On 2/26/24, Pilgrim’s Pride Corp (NASDAQ: PPC) stock enjoyed a very large increase of 8.0%, closing at $31.19. Moreover, exceptionally high trading volume at 448% of normal accompanied the advance. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 9.1% during the last week.
Current PriceTarget Research Rating
PPC is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Pilgrim’s Pride has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Pilgrim’s Pride has a neutral Appreciation Score of 60 but a very high Power Rating of 94, with the Highest Value Trend Rating the result.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
Be the first to comment