Published on 23 Apr 2024 on Zacks via Yahoo Finance
Have you been paying attention to shares of Pilgrim's Pride (PPC)? Shares have been on the move with the stock up 5.4% over the past month. The stock hit a new 52-week high of $36.47 in the previous session. Pilgrim's Pride has gained 30.1% since the start of the year compared to the 0.8% move for the Zacks Consumer Staples sector and the 13.4% return for the Zacks Food - Meat Products industry.
What's Driving the Outperformance?
The stock has an impressive 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.