Pilgrim's Pride's first-quarter results show 2.3% year-over-year revenue growth, supported by gains in U.S. operations.
Pilgrim's Pride appears well-positioned ahead of its Q1 earnings, supported by strategic investments, strong foodservice growth and attractive valuation.
Pilgrim's Pride, a U.S. leading poultry producer, is expanding its footprint in Mexico and Europe through M&A. Lower soybean prices and increased corn production are improving PPC's margins, with resilient chicken demand boosting profitability and free cash flow. PPC's diversified portfolio and strong balance sheet, with record operating cash flow and sustainable debt levels, position it well for future growth.
In the latest trading session, Pilgrim's Pride (PPC) closed at $53.29, marking a +1.35% move from the previous day.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Markets continue to be volatile in both directions. According to JPMorgan data, the stock market's 10 best days typically occur within two weeks of the 10 worst days. April 9th's record equity surge was trumped by Wall Street cratering on April 10th, despite a 90-day postponement of punitive tariffs, with persisting volatility. Recent JPMorgan reports indicate that recession odds have increased by nearly 80% while rising prices and market volatility are narrowing investors' options for protecting capital.
Pilgrim's Pride, Beyond Meat, Post Holdings and United Natural Foods are included in this Analyst Blog.
Pilgrim's Pride is executing its growth by expanding foodservice, enhancing operational efficiency and meeting evolving demand.
Pilgrim's Pride saw a significant turnaround in 2024 with net profit soaring to $1.09 billion, driven by stabilized demand and reduced costs. The company's integrated business model, controlling the entire chicken production process, enhances cost control and reduces dependency on external suppliers. Despite strong stock growth in 2024, Pilgrim's shares remain undervalued compared to peers, with a potential 14% upside, leading to a "Buy" rating.
Pilgrim's Pride drives growth through innovation, efficiency and expansion, leveraging strong consumer demand to sustain profitability and market leadership.
In the latest trading session, Pilgrim's Pride (PPC) closed at $53.39, marking a +0.28% move from the previous day.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.