Pilgrim’s Pride Earnings Preview: Get Ahead of the Analysts

Pilgrim’s Pride (NYSE:PPC) will report earnings before markets open on Friday, May 3rd. Pilgrim’s Pride Corporation produces prepared and fresh chicken products in the United States and Mexico. Through vertical integration, the Company controls the breeding, hatching, and growing of chickens and the processing, preparation, and packaging of its product lines. Pilgrim’s Pride exports its products to Canada, Eastern Europe, the Far East, and other world markets.

Here is your Cheat Sheet to Pilgrim’s Pride Earnings:

Earnings Expectations: Analysts expect earnings of $0.20 per share on revenues of $2.02 billion. Currently, the company’s P/E ratio stands at 14.06.

Analyst Trends:

Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.3 to a profit $0.33. For the current year, the average estimate is a profit of $1.1, which is better than the estimate ninety days ago.

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Earnings Trends:

Here’s how Pilgrim’s Pride has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 8,519 7,088 6,882 7,536 8,121
Diluted EPS ($) -14.40 -2.05 0.39 -2.21 0.70

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Dec. 31, 2011 Mar. 31, 2012 Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012
Revenue ($) in millions 1,829 1,889 1,974 2,068 2,190
Diluted EPS ($) -0.3794 0.18 0.27 0.17 0.0877

Past Performance:
Pilgrim’s Pride has beat analyst estimates 3 times in the past four quarters. Shareholders could expect a boost if the company beats estimates.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)