- Pilgrim’s Pride reported a strong fourth-quarter performance with adjusted earnings per share (EPS) of $1.35, significantly higher than the previous year’s 59 cents and surpassing the estimate of $1.20.
- The company’s net sales for the quarter were $4.37 billion, declining by 3.5% compared to the previous year and falling short of the $4.65 billion estimate.
- In the United States, net sales reached $2.61 billion, down 1.8% year-over-year, missing the expected $2.75 billion.
- European operations saw net sales of $1.26 billion, a decrease of 6.1% from the previous year, also below the predicted $1.35 billion.
- Net sales in Mexico were $499.6 million, down 5.1% year-over-year, not meeting the $541.6 million estimate.
- Adjusted EBITDA was $525.7 million, marking a 70% increase year-over-year, exceeding the forecast of $518.6 million.
- Sandri commented that the company’s strategies would help reduce operational risk, diversify its portfolio, and enhance value for key customers.
- Market recommendations include one buy, six holds, and one sell for Pilgrim’s Pride.
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Pilgrim’S Pride on Smartkarma
Analyst coverage of Pilgrim’s Pride on Smartkarma highlights the positive sentiments towards the company’s recent financial performance and strategic initiatives. Baptista Research‘s report titled “Pilgrim’s Pride Corporation: Its Efforts Towards Geographic Diversification & Investment in Mexico! – Major Drivers” discusses the strong third-quarter results for 2024, where Pilgrim’s Pride saw a notable increase in net revenues to $4.6 billion and a significant improvement in adjusted EBITDA to $660 million. The company’s adjusted EBITDA margin also expanded impressively to 14.4%, indicating a robust financial performance.
Furthermore, Baptista Research‘s analysis in the report “Pilgrim’s Pride Corporation: Will Its Strengthening Liquidity to Support Growth Initiatives Up Its Game? – Major Drivers” underscores Pilgrim’s Pride’s solid financial performance in the second quarter of 2024. The company reported rising net revenues of $4.6 billion, a 5.8% increase from the previous year, and a remarkable 164% surge in adjusted EBITDA to $656 million. With margins expanding to 14.4%, Pilgrim’s Pride’s strategic positioning and growth initiatives showcase its ability to navigate market dynamics effectively and capitalize on opportunities for growth.
A look at Pilgrim’S Pride Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 1 | |
| Growth | 5 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
SmartKarma’s Smart Scores provide valuable insights into Pilgrim’S Pride‘s long-term outlook. With a high Growth score of 5, the company is well-positioned for expansion and development in the future. This suggests strong potential for increased market share and profitability over time.
Despite a lower Dividend score of 1, Pilgrim’S Pride‘s overall outlook looks promising, particularly with solid scores in Value, Resilience, and Momentum. The company’s strategic control over its production process and international market reach bode well for its future success.
Summary: Pilgrim’s Pride Corporation specializes in producing various chicken products primarily in the US and Mexico. The company’s integrated approach, from breeding chickens to packaging products, sets it apart. Pilgrim’s Pride’s global reach includes exports to diverse markets such as Canada, Eastern Europe, and the Far East.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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