Pilgrims Pride Q4 Adj. EPS $0.59 Beats $0.40 Estimate, Sales $4.53B Beat $4.47B Estimate
Portfolio Pulse from Benzinga Newsdesk
Pilgrims Pride (NASDAQ:PPC) reported Q4 adjusted earnings of $0.59 per share, surpassing the $0.40 estimate, marking a 220.41% increase from last year's losses. Sales reached $4.53B, exceeding the $4.47B estimate and showing a 9.72% increase from the previous year.
February 26, 2024 | 12:02 pm
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POSITIVE IMPACT
Pilgrims Pride reported a significant Q4 earnings beat and sales increase, indicating a strong financial performance and potential growth.
The substantial beat on both earnings and sales estimates, coupled with a significant year-over-year growth, suggests a strong financial health and operational efficiency. This performance is likely to instill investor confidence and could lead to a positive short-term price movement for PPC.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100