Pilgrim's Pride (PPC) Q4 Earnings
Overview:
* Pilgrim's Pride (PPC) reports earnings on [date].
* Analysts project a 2.8% YoY revenue increase to $4.66 billion.
* Adjusted EPS is expected to be $1.16.
Key Metrics:
* Q3 2023 revenue: $4.58 billion (5.2% YoY growth)
* Gross margin: Beat analyst estimates
* EBITDA: Beat analyst estimates
Recent Performance:
* Missed revenue estimates in Q3 2023
* Has missed Wall Street revenue estimates four times in the past two years
Industry Outlook:
* Peers Tyson Foods (TSN) and Cal-Maine (CALM) have reported solid Q4 results.
* Perishable food stocks have underperformed the market in recent months.
Analyst Sentiment:
* Analysts have reconfirmed revenue estimates, suggesting stability.
* Average analyst price target: $45.17 (below current price of $51.60)
Investment Considerations:
* Consider the potential for AI-related growth stocks.
* Monitor the Q4 report's impact on PPC's stock price.