Pilgrims Pride Q2 2024 Adj. EPS $1.67 Beats $1.30 Estimate, Sales $4.600B Miss $4.622B Estimate
Portfolio Pulse from Benzinga Newsdesk
Pilgrims Pride (NASDAQ:PPC) reported Q2 2024 adjusted EPS of $1.67, beating the estimate of $1.30 by 28.46%. However, sales of $4.600 billion missed the estimate of $4.622 billion by 0.48%, though they increased by 6.78% year-over-year.
July 31, 2024 | 8:31 pm
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POSITIVE IMPACT
Pilgrims Pride reported strong Q2 2024 earnings with an adjusted EPS of $1.67, significantly beating the estimate of $1.30. However, sales of $4.600 billion slightly missed the estimate of $4.622 billion. Despite the sales miss, the year-over-year sales growth of 6.78% is a positive indicator.
The significant beat on EPS is likely to have a positive impact on the stock price in the short term, despite the slight miss on sales. The year-over-year sales growth further supports a positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100