Pilgrims Pride Corp reports results for the quarter ended September 30 - Earnings Summary

• Pilgrims Pride Corp reported quarterly adjusted earnings of 49 cents​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of $1.52. The mean expectation of six analysts for the quarter was for earnings of 56 cents per share. Wall Street expected results to range from 48 cents to 62 cents per share.

• Revenue fell 2.2% to $4.65 billion from a year ago; analysts expected $4.63 billion.

• Pilgrims Pride Corp's reported EPS for the quarter was 49 cents​.

• The company reported quarterly net income of $117.61 million.

• Pilgrims Pride Corp shares had risen by 0.3% this quarter and lost 30.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 37.5% in the last three months.​

• In the last 30 days, four analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy," 7 "hold" and no "sell" or "strong sell." The average consensus recommendation for the food processing peer group is "buy."

• Wall Street's median 12-month price target for Pilgrims Pride Corp is $30.00, about 12.1% above its last closing price of $26.38

This summary was machine generated from LSEG data October 28 at 10:40 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)