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

• Pilgrims Pride Corp PPC.OQ reported quarterly adjusted earnings of $1.31​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 77 cents. The mean expectation of five analysts for the quarter was for earnings of $1.34 per share. Wall Street expected results to range from $1.26 to $1.45 per share.

• Revenue rose 2.3% to $4.46 billion from a year ago; analysts expected $4.49 billion.

• Pilgrims Pride Corp's reported EPS for the quarter was $1.24​.

• The company reported quarterly net income of $296.03 million.

• Pilgrims Pride Corp shares had risen by 11.8% this quarter and gained 34.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 29.7% in the last three months.​

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

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 8 "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 $49.00

This summary was machine generated from LSEG data May 1 at 12:37 a.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)