The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Pilgrim's Pride's revenues will expand 10.3% and EPS will remain in the red.
The average estimate for revenue is $2.02 billion. On the bottom line, the average EPS estimate is -$0.06.
Last quarter, Pilgrim's Pride logged revenue of $2.07 billion. GAAP reported sales were 9.4% higher than the prior-year quarter's $1.89 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $0.18. GAAP EPS were $0.17 for Q3 versus -$0.72 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 5.1%, 840 basis points better than the prior-year quarter. Operating margin was 3.1%, 910 basis points better than the prior-year quarter. Net margin was 2.1%, 1,070 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $7.95 billion. The average EPS estimate is $0.56.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 127 members out of 201 rating the stock outperform, and 74 members rating it underperform. Among 74 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 47 give Pilgrim's Pride a green thumbs-up, and 27 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Pilgrim's Pride is outperform, with an average price target of $4.20.
Selling to fickle consumers is a tough business for Pilgrim's Pride or anyone else in the space. But some companies are better equipped to face the future than others. In a new report, we'll give you the rundown on three companies that are setting themselves up to dominate retail. Click here for instant access to this free report.
- Add Pilgrim's Pride to My Watchlist.