Published on 14 Mar 2024 on Zacks via Yahoo Finance
Pilgrim's Pride Corporation (PPC) Hits Fresh High: Is There Still Room to Run?
Have you been paying attention to shares of Pilgrim's Pride (PPC)? Shares have been on the move with the stock up 17.5% over the past month. The stock hit a new 52-week high of $33.69 in the previous session. Pilgrim's Pride has gained 19.2% since the start of the year compared to the 3.5% move for the Zacks Consumer Staples sector and the 8.3% return for the Zacks Food - Meat Products industry.
What's Driving the Outperformance?
The stock has a great record of positive earnings surprises, as it hasn't missed our earnings consensus estimate in any of the last four quarters. In its last earnings report on February 26, 2024, Pilgrim's Pride reported EPS of $0.59 versus consensus estimate of $0.42.