Pilgrim’s Pride Corporation will announce its fourth-quarter 2023 earnings on Feb 26. An unaltered consensus mark for earnings at 42 cents per share suggests significant growth compared to the year-ago quarter’s recorded loss of 49 cents per share. Last quarter, PPC saw an earnings surprise of 13.7%.
Factors to Note
Pilgrim’s Pride has reaped the benefits of focusing on key customers, refining its portfolio, and bolstering the marketing support for its expanding brands entering new regions. Additionally, the company has made strides in supply chain enhancements and automation technology to drive efficiency and reduce costs, while reaping the benefits of recent acquisitions and seeing strength in its Mexico and Europe operations.
Pilgrim’s Pride Corporation Price, Consensus and EPS Surprise
Pilgrim’s Pride Corporation price-consensus-eps-surprise-chart | Pilgrim’s Pride Corporation Quote
Despite these positives, Pilgrim’s Pride faces challenges such as enduring inflation and unpredictable market conditions, leading to increased costs that remain an ongoing concern.
Projections and Suggestions
Based on data, there are uncertainties about a potential earnings beat for Pilgrim’s Pride this time. The company’s Earnings ESP of 0.00% and a Zacks Rank #1 raise questions about a possible beat.
Stocks With the Favorable Combination
The Gap, Inc. (GPS), Inter Parfums (IPAR), and Costco Wholesale (COST) are projected to excel in their upcoming earnings, according to our model. Investors are encouraged to explore these stocks further.
While Pilgrim’s Pride embodies a narrative of hope amid challenges, the upcoming earnings report will shed light on its financial trajectory and underlying resilience.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
