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Tyson Foods (TSN) Declines More Than Market: Some Information for Investors
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Tyson Foods (TSN - Free Report) closed at $55.75 in the latest trading session, marking a -2.81% move from the prior day. The stock's change was less than the S&P 500's daily loss of 0.79%. Elsewhere, the Dow lost 0.94%, while the tech-heavy Nasdaq lost 0.92%.
Shares of the meat producer witnessed a gain of 3.71% over the previous month, beating the performance of the Consumer Staples sector with its gain of 0.23%, and underperforming the S&P 500's gain of 5.22%.
Market participants will be closely following the financial results of Tyson Foods in its upcoming release. In that report, analysts expect Tyson Foods to post earnings of $0.86 per share. This would mark a year-over-year decline of 1.15%. In the meantime, our current consensus estimate forecasts the revenue to be $13.64 billion, indicating a 2.11% growth compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $3.9 per share and revenue of $54.59 billion, which would represent changes of +25.81% and +2.41%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Tyson Foods. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. At present, Tyson Foods boasts a Zacks Rank of #3 (Hold).
In the context of valuation, Tyson Foods is at present trading with a Forward P/E ratio of 14.73. This expresses a premium compared to the average Forward P/E of 12.24 of its industry.
One should further note that TSN currently holds a PEG ratio of 0.75. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. TSN's industry had an average PEG ratio of 2.44 as of yesterday's close.
The Food - Meat Products industry is part of the Consumer Staples sector. This industry currently has a Zacks Industry Rank of 192, which puts it in the bottom 23% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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Tyson Foods (TSN) Declines More Than Market: Some Information for Investors
Tyson Foods (TSN - Free Report) closed at $55.75 in the latest trading session, marking a -2.81% move from the prior day. The stock's change was less than the S&P 500's daily loss of 0.79%. Elsewhere, the Dow lost 0.94%, while the tech-heavy Nasdaq lost 0.92%.
Shares of the meat producer witnessed a gain of 3.71% over the previous month, beating the performance of the Consumer Staples sector with its gain of 0.23%, and underperforming the S&P 500's gain of 5.22%.
Market participants will be closely following the financial results of Tyson Foods in its upcoming release. In that report, analysts expect Tyson Foods to post earnings of $0.86 per share. This would mark a year-over-year decline of 1.15%. In the meantime, our current consensus estimate forecasts the revenue to be $13.64 billion, indicating a 2.11% growth compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $3.9 per share and revenue of $54.59 billion, which would represent changes of +25.81% and +2.41%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Tyson Foods. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. At present, Tyson Foods boasts a Zacks Rank of #3 (Hold).
In the context of valuation, Tyson Foods is at present trading with a Forward P/E ratio of 14.73. This expresses a premium compared to the average Forward P/E of 12.24 of its industry.
One should further note that TSN currently holds a PEG ratio of 0.75. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. TSN's industry had an average PEG ratio of 2.44 as of yesterday's close.
The Food - Meat Products industry is part of the Consumer Staples sector. This industry currently has a Zacks Industry Rank of 192, which puts it in the bottom 23% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.