Pilgrim's Pride Corporation (NASDAQ:PPC) Just Reported, And Analysts Assigned A US$44.29 Price Target

Pilgrim's Pride Corporation (NASDAQ:PPC) came out with its quarterly results last week, and we wanted to see how the business is performing and what industry forecasters think of the company following this report. The result was positive overall - although revenues of US$4.8b were in line with what the analysts predicted, Pilgrim's Pride surprised by delivering a statutory profit of US$1.44 per share, modestly greater than expected. This is an important time for investors, as they can track a company's performance in its report, look at what experts are forecasting for next year, and see if there has been any change to expectations for the business. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.

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Taking into account the latest results, Pilgrim's Pride's seven analysts currently expect revenues in 2026 to be US$18.5b, approximately in line with the last 12 months. Statutory earnings per share are forecast to decline 16% to US$4.35 in the same period. In the lead-up to this report, the analysts had been modelling revenues of US$18.4b and earnings per share (EPS) of US$4.40 in 2026. So it's pretty clear that, although the analysts have updated their estimates, there's been no major change in expectations for the business following the latest results.

View our latest analysis for Pilgrim's Pride

The consensus price target fell 10% to US$44.29, suggesting that the analysts might have been a bit enthusiastic in their previous valuation - or they were expecting the company to provide stronger guidance in the quarterly results. The consensus price target is just an average of individual analyst targets, so - it could be handy to see how wide the range of underlying estimates is. There are some variant perceptions on Pilgrim's Pride, with the most bullish analyst valuing it at US$57.00 and the most bearish at US$40.00 per share. These price targets show that analysts do have some differing views on the business, but the estimates do not vary enough to suggest to us that some are betting on wild success or utter failure.

Taking a look at the bigger picture now, one of the ways we can understand these forecasts is to see how they compare to both past performance and industry growth estimates. We would highlight that Pilgrim's Pride's revenue growth is expected to slow, with the forecast 0.4% annualised growth rate until the end of 2026 being well below the historical 7.8% p.a. growth over the last five years. Compare this against other companies (with analyst forecasts) in the industry, which are in aggregate expected to see revenue growth of 3.3% annually. Factoring in the forecast slowdown in growth, it seems obvious that Pilgrim's Pride is also expected to grow slower than other industry participants.

The Bottom Line

The most important thing to take away is that there's been no major change in sentiment, with the analysts reconfirming that the business is performing in line with their previous earnings per share estimates. On the plus side, there were no major changes to revenue estimates; although forecasts imply they will perform worse than the wider industry. Furthermore, the analysts also cut their price targets, suggesting that the latest news has led to greater pessimism about the intrinsic value of the business.

With that in mind, we wouldn't be too quick to come to a conclusion on Pilgrim's Pride. Long-term earnings power is much more important than next year's profits. At Simply Wall St, we have a full range of analyst estimates for Pilgrim's Pride going out to 2027, and you can see them free on our platform here..

Even so, be aware that Pilgrim's Pride is showing 2 warning signs in our investment analysis , and 1 of those doesn't sit too well with us...