Pilgrims Pride Q3 2024 Adj EPS $1.63 Beats $1.38 Estimate, Sales $4.58B Miss $4.66B Estimate
Portfolio Pulse from Benzinga Newsdesk
Pilgrims Pride reported Q3 2024 earnings per share of $1.63, surpassing the expected $1.38, but sales of $4.58 billion fell short of the $4.66 billion estimate. Sales increased by 5.16% compared to the same period last year.
October 30, 2024 | 8:33 pm
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NEUTRAL IMPACT
Pilgrims Pride's Q3 2024 earnings per share exceeded expectations, but sales fell short. Despite the sales miss, there was a year-over-year increase in sales.
The earnings per share beat suggests strong profitability, which is positive for the stock. However, the sales miss could raise concerns about revenue growth, leading to mixed market reactions. The year-over-year sales increase is a positive sign, but the shortfall against estimates may temper investor enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100