Pilgrim's Pride (Nasdaq: PPC) reported earnings on July 31. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended June 30 (Q2), Pilgrim's Pride met expectations on revenues and crushed expectations on earnings per share.

Compared to the prior-year quarter, revenue grew. GAAP earnings per share increased significantly.

Margins grew across the board.

Revenue details
 Pilgrim's Pride logged revenue of $2.18 billion. The four analysts polled by S&P Capital IQ predicted revenue of $2.18 billion on the same basis. GAAP reported sales were 11% higher than the prior-year quarter's $1.97 billion.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.

EPS details
 EPS came in at $0.74. The four earnings estimates compiled by S&P Capital IQ forecast $0.57 per share. GAAP EPS of $0.74 for Q2 were 174% higher than the prior-year quarter's $0.27 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.

Margin details
 For the quarter, gross margin was 12.9%, 560 basis points better than the prior-year quarter. Operating margin was 10.9%, 590 basis points better than the prior-year quarter. Net margin was 8.7%, 520 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
 Next quarter's average estimate for revenue is $2.20 billion. On the bottom line, the average EPS estimate is $0.52.

Next year's average estimate for revenue is $8.47 billion. The average EPS estimate is $1.87.

Investor sentiment
 The stock has a two-star rating (out of five) at Motley Fool CAPS, with 140 members out of 217 rating the stock outperform, and 77 members rating it underperform. Among 69 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 48 give Pilgrim's Pride a green thumbs-up, and 21 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Pilgrim's Pride is hold, with an average price target of $15.83.

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