Pilgrims Pride Corp reports results for the quarter ended December 31 - Earnings Summary

• Pilgrims Pride Corp PPC.OQ reported quarterly adjusted earnings of $1.35​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of 59 cents. The mean expectation of five analysts for the quarter was for earnings of $1.13 per share. Wall Street expected results to range from 96 cents to $1.24 per share.

• Revenue fell 3.5% to $4.37 billion from a year ago; analysts expected $4.59 billion.

• Pilgrims Pride Corp's reported EPS for the quarter was 99 cents​.

• The company reported quarterly net income of $235.77 million.

• Pilgrims Pride Corp shares had risen by 15.8% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 5% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 6 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the food processing peer group is also "hold"

Wall Street's median 12-month price target for Pilgrims Pride Corp is $45.00

This summary was machine generated from LSEG data February 12 at 10:01 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)