Pilgrims Pride Stock (NASDAQ:PPC), Trade Ideas

Pilgrims Pride

Pilgrim's Pride is the second-largest poultry producer in the US (58% of 2023 sales), the UK (30% including other European sales), and Mexico (12%). Its UK and European arm also includes pork operations from the 2019 acquisition of Tulip. Pilgrim's sells to chain restaurants, food processors, food distributors, and retail chains. most of its US and Mexican sales come from fresh chicken, while prepared chicken and pork constitute most of its UK and European sales. JBS owns more than 80% of Pilgrim's Pride's outstanding shares, though it failed to acquire the remaining stake in 2021 after a special board committee deemed JBS' offer undervalued Pilgrim's Pride.

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The Zacks Food – Meat Products industry players have been benefiting from consumers&#39; growing appetite for protein-rich products stemming from their rising consciousness toward health and wellness. Efforts to make the most of these trends through product diversification, capacity expansion and exploring plant-based meats have been working well.

Zacks Industry Outlook Highlights Tyson Foods, Hormel Foods and Pilgrim&#39;s Pride

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The recent consumer price index (ETF:CPI) data revealed that U.S. inflation is running hotter than anticipated. Prices rose 0.4% in March over the previous month and 3.5% year over year, surpassing forecasts of 0.3% and 3.4%, respectively. The data confirmed concerns that inflation is stickier than expected and lowered expectations for imminent interest rate cuts by the Federal Reserve.

4 High Earnings Yield Stocks to Buy Amid Market Uncertainty

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Investors anticipate a stream of critical economic data expected in the days ahead.

US Stocks Pause, Alphabet Falls On Gemini Woes, Tesla, Bitcoin Rally: What&#39;s Driving Markets Monday?

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The Zacks Food &ndash; Meat Products industry players have been benefiting from consumers&#39; growing appetite for protein-rich products stemming from their rising consciousness toward health and wellness. Efforts to make the most of these trends through product diversification, capacity expansion and exploring plant-based meats have been working well.
However, several meat companies have been battling hurdles associated with cost inflation, though the trend is moderating. Also, companies remain troubled by challenges in the Beef business. Nonetheless, the abovementioned upsides keep Tyson Foods, Inc.&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tsn#NYSE">TSN</a>),&nbsp;Hormel Foods Corp.&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hrl#NYSE">HRL</a>)&nbsp;and Pilgrim&#39;s Pride Corp.&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ppc#NASDAQ">PPC</a>) well-positioned for growth.
<h3>About the Industry</h3>
The Zacks Food &ndash; Meat Products industry comprises companies that manufacture, process, market, distribute and sell a wide range of meat products like chicken, pork, beef, prepared food and plant-based meats. Some companies also offer poultry and turkey products, alongside providing nutritional food products and supplements, desserts and drink mixes and industrial gelatin products.
Most companies offer their products to retail and foodservice customers, while some cater to deli and commercial operators, including grocery retailers, grocery wholesalers, meat distributors, warehouse club stores, industrial food processing companies, chain restaurants, international export companies, school cafeterias and hospitals, among others. Some products offered include frozen whole chicken, primary pork cuts, salads, sandwiches and meatballs.
<h3>Major Trends Shaping the Future of the Meat Food Industry</h3>
Protein Consumption on the Rise, Plant-Based Meat Surges: The growing preference for protein-rich diets has been a boon for meat companies, prompting them to continuously innovate their product offerings. This trend is fueled by heightened health consciousness among consumers, especially fitness enthusiasts embracing high-protein diets like keto. In recent years, the popularity of meatless alternatives and plant-based meat substitutes has been steadily increasing, driven by consumers&#39; preference for fresh, healthier options over traditional meat products.
Most plant-based food alternatives are well-regarded for their reduced reliance on artificial ingredients and additives, making them a wholesome choice. These alternatives also serve as valuable sources of protein for those following vegan dietary practices. Industry experts believe that plant-based protein could lead to significant disruptions in the traditional meat market.
Dynamic Expansion Strategies: Industry players are actively diversifying their product ranges and strengthening market positions through strategic alliances, acquisitions and capacity expansions. Efforts include ramping up manufacturing capabilities through new facilities, plant expansions and partnerships with co-manufacturers. Concurrently, select companies are making investments in automation technology, with a keen focus on accelerating the digitalization process. Additionally, some players are directing their efforts toward entering international markets, a strategy that is yielding favorable results.
Beef Segment Challenges: The beef segment has been battling numerous challenges in 2024, including consumer caution, economic uncertainties, shifting preferences and reduced production. The segment is likely to continue witnessing consumer caution due to the sluggish global economic recovery post the pandemic. Consumers, particularly, are shifting toward value-for-money products over premium ones due to heightened caution. This is likely to dampen demand for more expensive cuts of beef, leading to soft sales and revenues for producers.
Additionally, the beef segment is undergoing a significant decline in production, which is resulting in elevated retail prices for consumers. The reduced production is likely to put pressure on beef processors, leading to challenges in maintaining profitability throughout the supply chain.
<h3>Zacks Industry Rank Indicates Bright Prospects</h3>
The Zacks Food &ndash; Meat Products industry is housed within the broader Zacks Consumer Staples sector. The industry currently carries a Zacks Industry Rank #6, which places it in the top 2% of more than 250 Zacks industries.
The group&#39;s Zacks Industry Rank, which is the average of the Zacks Rank of all the member stocks, indicates robust near-term prospects. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
The industry&#39;s positioning in the top 50% of the Zacks-ranked industries is a result of a positive earnings outlook for the constituent companies in aggregate. Looking at the aggregate earnings estimate revisions, it appears that analysts are gradually gaining confidence in this group&#39;s earnings growth potential. Since the beginning of January 2024, the industry&#39;s earnings estimate for the current fiscal year earnings has jumped 15.1%.
Given the industry&#39;s impressive prospects, we present a few stocks that you may want to consider for your portfolio. However, before that, it&#39;s worth taking a look at the industry&#39;s performance and current valuation.
<h3>Industry vs. Broader Market</h3>
The Zacks Food &ndash; Meat Products industry has outperformed the broader Zacks Consumer Staples sector while underperforming the S&amp;P 500 over the past year.
The industry has declined 4.2% over this period compared with the broader sector&#39;s decrease of 12.3%. Meanwhile, the S&amp;P 500 has witnessed an increase of 22.4%.
<h3>Industry&#39;s Current Valuation</h3>
On the basis of forward 12-month price-to-earnings (P/E), which is commonly used for valuing Consumer Staple stocks, the industry is currently trading at 18.91X compared with the S&amp;P 500&#39;s 20.4X and the sector&#39;s 16.82X.
Over the past five years, the industry has traded as high as 21.76X and as low as 12.24X, with the median being 17.05X.
<h3>3 Meat Food Stocks to Keep a Close Eye On</h3>
Pilgrim&#39;s Pride: Key strategic initiatives, such as facility expansions and investments in technology, have been playing a pivotal role in strengthening PPC&#39;s position in the market. Pilgrim&#39;s Pride&#39;s focus on key customers is a pathway for refining its portfolio and creating competitive advantages.
Apart from this, this Zacks Rank #1 (Strong Buy) company has been steadily augmenting the marketing support of its brands as they expand and enter new regions. This provider of fresh, frozen and value-added chicken and pork products continues to explore M&amp;A opportunities to further diversify its portfolio across segments and geographies. Additionally, it resorts to frequent supply-chain improvements to enhance efficiency and reduce costs.
The Zacks Consensus Estimate for Pilgrim&#39;s Pride&#39;s current fiscal year EPS has risen by 1.3% over the past 30 days to $3.01. This suggests growth of 78.1% from the prior-year reported figure. Shares of PPC have surged 46.1% in the past six months.&nbsp;
Hormel Foods: This Zacks Rank #2 (Buy) company has been benefiting from the impressive execution of strategic priorities. These include pursuing solid global expansion, emphasizing the One Supply Chain initiative and continuing the ongoing transformation and modernization of the business, among others. In addition, Hormel Foods&#39; long-standing relationships, differentiated product portfolio, innovative solutions and impressive sales team are fueling growth in the Foodservice business. The company has also been benefiting from its prudent buyouts and efforts to boost capacity.
The Zacks Consensus Estimate for Hormel Foods&#39; current fiscal year EPS has risen by a penny over the past 30 days to $1.59. Shares of HRL have increased 9.4% in the past six months.
Tyson Foods: The company operates across Beef, Pork, Chicken and Prepared Foods segments while exploring alternative meat and protein sources as part of its diversification strategy. This Zacks Rank #3 (Hold) company has been showcasing resilience amid industry hurdles with its iconic brand portfolio for sustained market share growth and consumer resonance.
Strategic investments in brand building and innovation reinforce Tyson Foods&#39; leadership position, driving long-term loyalty. The meat products giant has been benefiting from its three main pillars, which include driving growth across the core protein platform, fueling growth through its robust brands and focusing on prudent international expansion.
Operational excellence remains another upside, with initiatives like plant closures and digitalization. These upsides are likely to continue working well for Tyson Foods and help it battle the expected challenges in the Beef segment due to limited cattle supply. The Zacks Consensus Estimate for TSN&#39;s fiscal 2024 earnings per share (ETF:EPS) has decreased by 0.9% over the past 30 days to $2.33. Shares of TSN have rallied 27.2% in the past six months.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed&nbsp;that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and&nbsp;is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&amp;P 500 is an unmanaged index
<a href="https://www.zacks.com/stock/news/2259328/zacks-industry-outlook-highlights-tyson-foods-hormel-foods-and-pilgrim-s-pride?cid=CS-BENZ-FT-press_releases-2259328">To read this article on Zacks.com click here.</a>

Zacks Industry Outlook Highlights Tyson Foods, Hormel Foods and Pilgrim's Pride

The recent consumer price index (ETF:CPI) data revealed that U.S. inflation is running hotter than anticipated. Prices rose 0.4% in March over the previous month and 3.5% year over year, surpassing forecasts of 0.3% and 3.4%, respectively. The data confirmed concerns that inflation is stickier than expected and lowered expectations for imminent interest rate cuts by the Federal Reserve.
Market predictions for rate cuts in June have shifted significantly since the CPI release. The Fed is determined not to cut rates until it has &quot;gained greater confidence&quot; that inflation is headed back toward 2%. In addition, geopolitical unrest and rising energy costs pose risks that could further escalate inflation.
In this uncertain landscape, value investing is one of the most prudent strategies.This approach seeks to profit from investing in stocks that appear to be trading at a discount to their intrinsic values and eventually make handsome returns when the stock price rises toward that value, reflecting the actual fundamentals. Value stocks, which often provide steady dividend payouts, offer a degree of safety in uncertain market environments.
<h3>Using the Earnings Yield Metric</h3>
One interesting ratio that you can consider for ferreting out attractively valued stocks is earnings yield. This metric, expressed in percentage, is calculated as annual earnings per share (ETF:EPS) divided by market price. This metric measures the anticipated yield (or return) from earnings for each dollar invested in a stock today. While comparing stocks, if other factors are similar, the ones with higher earnings yield are considered undervalued, while those with lower earnings yield are seen as overpriced.
While earnings yield is nothing but the reciprocal of the P/E ratio, it is albeit a little more illuminating than the traditional P/E ratio as it also facilitates the comparison of stocks with fixed-income securities. Investors often compare the earnings yield of a stock to the prevailing interest rates, such as the current 10-year Treasury yield, to get a sense of the return on investment it offers compared to virtually risk-free returns.
If the yield on a stock is lower than the 10-year Treasury yield, it would be considered overvalued relative to bonds. Conversely, if the yield on the stock is higher, it would be considered undervalued. In this situation, investing in the stock market would be a better option for a value investor.
You can unlock your portfolio value by investing in high earnings yield stocks like&nbsp;StoneCo Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/stne#NASDAQ">STNE</a>),&nbsp;HCI Group Inc.&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hci#NYSE">HCI</a>),&nbsp;Seanergy Maritime Holdings (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ship#NASDAQ">SHIP</a>) and&nbsp;Pilgrim&#39;s Pride Corporation&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ppc#NASDAQ">PPC</a>) to fetch handsome long-term rewards.
<h3>The Winning Strategy</h3>
We have set&nbsp; Earnings Yield greater than 10%&nbsp;as our primary screening criterion but it alone cannot be used for picking stocks that have the potential to generate solid returns. So, we have added the following parameters to the screen:
Estimated EPS growth for the next 12 months greater than or equal to the S&amp;P 500: This metric compares the 12-month forward EPS estimate with the 12-month actual EPS.
Average Daily Volume (20 Day) greater than or equal to 100,000: High trading volume implies that a stock has adequate liquidity.
Current Price greater than or equal to $5.
Buy-Rated Stocks: Stocks with a Zacks Rank #1 (Strong Buy) or 2 (Buy) have been known to outperform peers in any type of market environment.
<h3>Our Picks</h3>
Here we discuss four of the 26 stocks that qualified the screen:
StoneCo: Based in Brazil, this financial technology solutions provider offers an end-to-end cloud-based technology platform to conduct electronic commerce across in-store, online and mobile channels. The Zacks Consensus Estimate for STNE&#39;s 2024 and 2025 earnings implies year-over-year growth of 34% and 11.5%, respectively. Estimates for 2024 and 2025 earnings per share have moved up by 11 cents and 19 cents, respectively, over the past 30 days. StoneCo currently sports a Zacks Rank #1 and has a Value Score of B.&nbsp;
HCI Group: Headquartered in Florida, the company is engaged in diverse business activities, including property and casualty insurance, information technology, real estate and reinsurance. The Zacks Consensus Estimate for HCI&#39;s 2024 and 2025 earnings implies year-over-year growth of 39% and 13%, respectively. Estimates for 2024 and 2025 earnings per share have moved up by 10 cents and 27 cents, respectively, over the past 30 days. HCI Group currently sports a Zacks Rank #1 and has a Value Score of B.&nbsp;
Seanergy: Headquartered in Greece, the company provides marine dry bulk transportation services through a modern fleet of Capesize vessels. Its operating fleet consists of 17 vessels. The Zacks Consensus Estimate for SHIP&#39;s 2024 and 2025 earnings implies year-over-year growth of 103% and 27%, respectively. Estimates for 2024 and 2025 earnings per share have moved up by 59 cents and $1.05, respectively, over the past 30 days. Seanergy currently sports a Zacks Rank #1 and has a Value Score of A.&nbsp;
Pilgrim&#39;s Pride: Based in Colorado, Pilgrim&#39;s Pride&nbsp;is engaged in the processing, production, marketing and distribution of frozen, fresh as well as value-added chicken products.&nbsp;The Zacks Consensus Estimate for PPC&#39;s 2024 and 2025 earnings implies year-over-year growth of 78% and 2.7%, respectively. Estimates for 2024 and 2025 earnings per share have moved up by 4 cents each over the past seven days. Pilgrim&#39;s Pride currently sports a Zacks Rank #1 and has a Value Score of A.&nbsp;
You can get the rest of the stocks on this list by signing up now for a 2-week free trial to the Research Wizard stock picking and backtesting software. You can also create your own strategies and test them first before making investments.
The Research Wizard is a great place to begin. It&#39;s easy to use. Everything is in plain language. And it&#39;s very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out.
Disclosure:&nbsp;Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
<a href="https://www.zacks.com/stock/news/2256549/4-high-earnings-yield-stocks-to-buy-amid-market-uncertainty?cid=CS-BENZ-FT-analyst_blog|rw-2256549">To read this article on Zacks.com click here.</a>

Goldman Sachs analyst Adam Samuelson maintains Pilgrims Pride (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PPC#NASDAQ">PPC</a>) with a Neutral and raises the price target from $32 to $36.

Price Target

Goldman Sachs Maintains Neutral on Pilgrims Pride, Raises Price Target to $36

Barclays analyst Duffy Fischer downgrades Pilgrims Pride (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PPC#NASDAQ">PPC</a>) from Overweight to Equal-Weight and raises the price target from $35 to $38.

Downgrades

Barclays Downgrades Pilgrims Pride to Equal-Weight, Raises Price Target to $38

B of A Securities analyst Peter Galbo maintains Pilgrims Pride (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PPC#NASDAQ">PPC</a>) with a Buy and raises the price target from $36 to $40.

B of A Securities Maintains Buy on Pilgrims Pride, Raises Price Target to $40

Goldman Sachs analyst Adam Samuelson maintains Pilgrims Pride (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PPC#NASDAQ">PPC</a>) with a Neutral and raises the price target from $29 to $32.

Goldman Sachs Maintains Neutral on Pilgrims Pride, Raises Price Target to $32

BMO Capital analyst Andrew Strelzik maintains Pilgrims Pride (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PPC#NASDAQ">PPC</a>) with a Outperform and raises the price target from $32 to $35.

BMO Capital Maintains Outperform on Pilgrims Pride, Raises Price Target to $35

Barclays analyst Benjamin Theurer maintains Pilgrims Pride (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PPC#NASDAQ">PPC</a>) with a Overweight and raises the price target from $29 to $35.

Barclays Maintains Overweight on Pilgrims Pride, Raises Price Target to $35

Wall Street exhibited a subdued trend to start the week, with major indices showing little change in midday trading out of New York. 
Investors anticipate a stream of critical economic data expected<a href="https://www.benzinga.com/calendars/economic"> in the days ahead.</a>
The S&amp;P 500 saw a marginal downtick, slipping by 0.2% to 5,080 points, reflecting a market holding its breath for clearer signals. Meanwhile, the tech-heavy Nasdaq 100 found some footing, inching up by 0.2%, bolstered by a notable performance from the semiconductor sector.
Small-cap stocks emerged as the standout segment, with the iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) surging by 0.3%. The performance of blue-chip stocks remained largely unchanged. 
Yields on Treasury securities trended upward across various maturities as traders continued to scale back expectations for Federal Reserve rate cuts. Projections have been pared down to a mere 80 basis points of reductions for 2024, translating into just over three full rate cuts currently factored in.
The iShares 20+ Year Treasury Bond ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLT#NASDAQ">TLT</a>) retreated by 0.7%, while the greenback held steady. The precious metals sector experienced a downturn, with gold declining by 0.3% and silver shedding 2% of its value.
Crude oil demonstrated resilience, with West Texas Intermediate (WTI) crude oil climbing by 1.8% to $78 per barrel, almost recouping all the losses incurred last Friday.
In the cryptocurrency space, Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) exhibited strength, accruing a 3.5% gain to surpass the $53,000 mark, signaling a robust start to the week for digital assets.
<h2 class="wp-block-heading">Monday&#8217;s Performance In Major Indices, ETFs</h2>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-Day %</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,030.56</td>
<td>0.3%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>17,965.88</td>
<td>0.2%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>39,101.57</td>
<td>-0.1%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,080.81</td>
<td>-0.2%</td>
</tr>
</tbody>
</table>
</figure>
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) was 0.2% lower to $507.17, the SPDR Dow Jones Industrial Average (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) fell 0.1% to $391.08 and the tech-heavy Invesco QQQ Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) inched 0.2% up to $437.56, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>. 
The Utilities Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLU#NYSE">XLU</a>), was the notable underperformer, down by 1.7%, while the Energy Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>) was the top gainer, up 1.7%. 
<h3 class="wp-block-heading">Wall Street Stock Movers On Monday</h3>
<ul>
<li>Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) surged by nearly 4% amid a broader EV rally, buoyed by positive investor sentiment following Li Auto Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>) stellar quarterly results. Peers such as Nio Inc. &#8211; ADR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NASDAQ">NIO</a>), Rivian Automotive Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>), and Lucid Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>) also saw gains, rising 3.4%, 5.7%, and 2%, respectively.</li>
<li>Crypto-related stocks Marathon Digital Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>), Coinbase Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) and Riot Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIOT#NASDAQ">RIOT</a>) rose by 20%, 14% and 15%, respectively, as Bitcoin surged to $53,000. </li>
<li>Palo Alto Networks Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NASDAQ">PANW</a>) rose nearly 10%, marking the strongest performance among S&amp;P 500 and Nasdaq 100. </li>
<li>Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) fell 4% after analysts warned about some Gemini AI tool inaccuracies over image generation. </li>
<li>R1 RCM Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RCM#NASDAQ">RCM</a>) rallied 28% as a group of majority shareholders considered taking the healthcare services provider private. </li>
<li>Freshpet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FRPT#NASDAQ">FRPT</a>) rose 17% following after the company announced better-than-expected results. </li>
<li>Other companies reacting to earnings were Dominos Pizza Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DPZ#NYSE">DPZ</a>), up over 5%; Fidelity National Information Services Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FIS#NYSE">FIS</a>), up 3%; Pilgrim&#8217;s Pride Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PPC#NYSE">PPC</a>), up 7%; Itron Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ITRI#NASDAQ">ITRI</a>), up over 20% and Public Service Enterprise Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PEG#NYSE">PEG</a>), down 1.9%. </li>
<li>Companies reporting after the close are Workday Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDAY#NASDAQ">WDAY</a>), ONEOK Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OKE#NYSE">OKE</a>), Zoom Video Communications Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZM#NASDAQ">ZM</a>) and SBA Communications Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBAC#NASDAQ">SBAC</a>). </li>
</ul>
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Photo: Shutterstock

US Stocks Pause, Alphabet Falls On Gemini Woes, Tesla, Bitcoin Rally: What's Driving Markets Monday?

U.S. stocks traded mixed toward the end of trading, with the Dow Jones index turning lower on Monday.
The Dow traded down 0.08% to 39,101.76 while the NASDAQ rose 0.04% to 16,003.09. The S&amp;P 500 also fell, dropping, 0.24% to 5,076.80.
Check This Out: <a href="https://www.benzinga.com/news/24/02/37309887/intuitive-machines-marriott-international-and-2-other-stocks-insiders-are-selling"> Intuitive Machines, Marriott International And 2 Other Stocks Insiders Are Selling </a>
&nbsp;
<h3>Leading and Lagging Sectors</h3>
&nbsp;
Energy shares rose by 0.5% on Monday.
In trading on Monday, utilities shares fell by 1.7%.
&nbsp;
<h3>Top Headline</h3>
&nbsp;
Pilgrim&#39;s Pride Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ppc#NASDAQ">PPC</a>) posted better-than-expected fourth-quarter results.
Pilgrims Pride reported fourth-quarter fiscal 2023 sales growth of 9.7% year-over-year to $4.528 billion, beating the consensus of $4.47 billion. Adjusted EPS was 59 cents, an improvement from a loss of 49 cents, above the consensus of 40 cents.
&nbsp;
<h3>Equities Trading UP</h3>
&nbsp;
Akili, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/akli#NASDAQ">AKLI</a>) shares shot up 116% to $0.4782 after the company reported positive results from Shionogi&#39;s Phase 3 clinical trial of localized version of Akili&#39;s EndeavorRx&reg; for Pediatric ADHD patients in Japan.
Shares of Interactive Strength Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/trnr#NASDAQ">TRNR</a>) got a boost, surging 41% to $0.9299 after the company announced it has entered into an exclusive worldwide distribution agreement with WOODWAY to sell and distribute CLMBR.
Agiliti, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/agti#NYSE">AGTI</a>) shares were also up, gaining 29% to $9.86 after the company announced it will be taken private by THL Partners.
&nbsp;
<h3>Equities Trading DOWN</h3>
&nbsp;
Aclarion, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/acon#NASDAQ">ACON</a>) shares dropped 65% to $0.3134 after the company priced its public offering of 5.175 million units. Each unit includes one share of common stock (or a pre-funded warrant), and two common warrants.
Shares of Intuitive Machines, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lunr#NASDAQ">LUNR</a>) were down 38% to $5.97 after the company said its lunar lander may have tipped over upon landing on the moon.
Venus Concept Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vero#NASDAQ">VERO</a>) was down, falling 25% to $0.98 after the company announced a $1.2 million registered direct offering at $1.465 per share.
Also Check This Out:<a href="https://www.benzinga.com/trading-ideas/long-ideas/24/02/37254407/jim-cramer-unity-software-had-problems-but-zscaler-is-a-good-one-to-buy"> Jim Cramer: Unity Software &#39;Had Problems,&#39; But Zscaler Is A &#39;Good One&#39; To Buy </a>
&nbsp;
<h3>Commodities</h3>
&nbsp;
In commodity news, oil traded up 1.8% to $77.84 while gold traded down 0.6% at $2,037.70.
Silver traded down 2.1% to $22.505 on Monday while copper fell 1.5% to $3.8430.
&nbsp;
<h3>Euro zone</h3>
&nbsp;
European shares closed mixed today. The eurozone&rsquo;s STOXX 600 fell 0.37%, London&rsquo;s FTSE 100 fell 0.29% while Spain&rsquo;s IBEX 35 Index rose 0.08% The German DAX gained 0.02% French CAC 40 fell 0.46% while Italy&rsquo;s FTSE MIB Index fell 0.44%.
Producer prices in Spain declined by 3.8% year-over-year in January following a 6.3% fall in the earlier month.
&nbsp;
<h3>Asia Pacific Markets</h3>
&nbsp;
Asian markets closed mostly lower on Monday, with Japan&rsquo;s Nikkei 225 gaining 0.35%, Hong Kong&rsquo;s Hang Seng Index falling 0.54%, China&rsquo;s Shanghai Composite Index dipping 0.93% and India&rsquo;s S&amp;P BSE Sensex falling 0.4%.
Singapore&rsquo;s manufacturing production gained 1.1% year-over-year in January following a revised 2.4% decline in December.
&nbsp;
<h3>Economics</h3>
&nbsp;
Building permits in the U.S. fell by 0.3% to an annual rate of 1.489 million in January.
The Federal Reserve Bank of Dallas&rsquo;s general business activity index for manufacturing in Texas rose to -11.3 in February versus an eight-month low level of -27.4 in the previous month.
Sales of new single-family houses in the US. climbed by 1.5% from the prior month to an annualized rate of 661,000 in January.
Now Read This: <a href="https://www.benzinga.com/news/24/02/37209778/starbucks-regeneron-pharmaceuticals-and-2-other-stocks-insiders-are-selling"> Starbucks, Regeneron Pharmaceuticals And 2 Other Stocks Insiders Are Selling</a>

Earnings

Penny Stocks

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Commodities

Global

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TRNR

VERO

Gold Moves Lower; Pilgrim's Pride Earnings Top Views

Pilgrims Pride Corp&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PPC#NASDAQ">PPC</a>) reported fourth-quarter fiscal 2023 sales growth of 9.7% year-over-year to $4.528 billion,&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/02/g37308160/pilgrims-pride-reports-fourth-quarter-and-year-end-2023-results" rel="noreferrer noopener">beating the consensus of $4.47 billion.</a>
Adjusted EBITDA for the quarter increased to $309.5 million from $62.9 million a year ago. Margin expanded 530 bps to 6.8%.
Adjusted EPS was $0.59, an improvement from $(0.49),&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">above the consensus of $0.40.</a>
The company&#8217;s operating income recovered to $184.3 million from an operating loss of $(77.5) million a year ago, and the margin was 4.1%.
&#8220;While we&#8217;ve improved profitability throughout the year, we recognize that speed to market with our diversified portfolio will be critical to meet our growth aspirations, especially with Key Customers. We implemented a more nimble organizational structure that promotes ownership and discipline throughout our diversified portfolio,&#8221; commented Fabio Sandri, Pilgrim&#8217;s CEO.
U.S. sales of $2.66 billion (+9.5% Y/Y), momentum from promotional activities, new distribution with Key Customers in Case Ready and Small Bird, branded growth in Retail and Food Service, and operational excellence in Big Bird continued.&nbsp;
Europe sales $1.34 billion (+8.6% Y/Y), in the U.K. and Europe, sales and adjusted EBITDA rose from branded offerings growth, network optimization, and enhanced Key Customer relations.&nbsp;
Mexico sales of $526.55 million (+13.9% Y/Y) saw branded growth, increased Key Customer presence, and achieved breakeven results despite market challenges.
Pilgrims Pride&#8217;s cash provided by operating activities for the fiscal totaled $677.88 million versus $669.86 million in 2022.
The company held cash and cash equivalents of $731.22 million as of December 31, 2023.
PPC mentioned that the progress of their investments aimed at supporting Key Customer growth, driving operational excellence, and diversifying their portfolio is on track, with the initiation of production at the expanded Athens, GA facility and the planned start-up of a new protein conversion plant by the end of the first quarter of 2024.
Price Action: PPC shares are trading higher by 6.17% at $30.65 on the last check Monday.
Photo by Adam Fagen via Flickr

Why Poultry Producer Pilgrim's Pride Shares Are Surging Today

WIIM

Pilgrim's Pride shares are trading higher after the company reported better-than-expected Q4 financial results.

Pilgrims Pride (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PPC#NASDAQ">PPC</a>) reported quarterly adjusted earnings of $0.59 per share which beat the analyst consensus estimate of $0.40 by 47.5 percent. This is a 220.41 percent increase over losses of $(0.49) per share from the same period last year. The company reported quarterly sales of $4.53 billion which beat the analyst consensus estimate of $4.47 billion by 1.30 percent. This is a 9.72 percent increase over sales of $4.13 billion the same period last year.

Pilgrims Pride Q4 Adj. EPS $0.59 Beats $0.40 Estimate, Sales $4.53B Beat $4.47B Estimate

<h3>Companies Reporting Before The Bell</h3>
&bull; Kosmos Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KOS#NYSE">KOS</a>) is projected to report quarterly earnings at $0.23 per share on revenue of $477.73 million.
&bull; Krystal Biotech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KRYS#NASDAQ">KRYS</a>) is estimated to report quarterly loss at $0.37 per share on revenue of $28.61 million.
&bull; Li Auto (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>) is estimated to report quarterly earnings at $0.29 per share on revenue of $5.48 billion.
&bull; Clear Channel Outdoor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCO#NYSE">CCO</a>) is expected to report quarterly earnings at $0.04 per share on revenue of $610.14 million.
&bull; Lincoln Educational Servs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LINC#NASDAQ">LINC</a>) is expected to report quarterly earnings at $0.27 per share on revenue of $96.20 million.
&bull; BioCryst Pharma (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BCRX#NASDAQ">BCRX</a>) is projected to report quarterly loss at $0.24 per share on revenue of $90.01 million.
&bull; Fresh Del Monte Produce (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDP#NYSE">FDP</a>) is estimated to report quarterly earnings at $0.30 per share on revenue of $1.03 billion.
&bull; Gilat Satellite Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GILT#NASDAQ">GILT</a>) is estimated to report quarterly earnings at $0.07 per share on revenue of $75.98 million.
&bull; Itron (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ITRI#NASDAQ">ITRI</a>) is likely to report quarterly earnings at $0.75 per share on revenue of $570.23 million.
&bull; Playtika Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTK#NASDAQ">PLTK</a>) is estimated to report quarterly earnings at $0.17 per share on revenue of $629.98 million.
&bull; Enlight Renewable Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENLT#NASDAQ">ENLT</a>) is projected to report earnings for its Fiscal Year 2023.
&bull; Surgery Partners (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SGRY#NASDAQ">SGRY</a>) is likely to report quarterly earnings at $0.38 per share on revenue of $741.40 million.
&bull; Alpha Metallurgical (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMR#NYSE">AMR</a>) is projected to report quarterly earnings at $9.07 per share on revenue of $796.65 million.
&bull; Elanco Animal Health (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ELAN#NYSE">ELAN</a>) is projected to report quarterly earnings at $0.11 per share on revenue of $1.00 billion.
&bull; Freshpet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FRPT#NASDAQ">FRPT</a>) is projected to report quarterly earnings at $0.05 per share on revenue of $204.36 million.
&bull; Kaspi.kz (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KSPI#NASDAQ">KSPI</a>) is likely to report earnings for its fourth quarter.
&bull; Public Service Enterprise (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PEG#NYSE">PEG</a>) is projected to report quarterly earnings at $0.52 per share on revenue of $2.40 billion.
&bull; Domino&#39;s Pizza (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DPZ#NYSE">DPZ</a>) is likely to report quarterly earnings at $4.37 per share on revenue of $1.42 billion.
&bull; Fidelity National Info (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FIS#NYSE">FIS</a>) is expected to report quarterly earnings at $0.94 per share on revenue of $2.53 billion.
&bull; Pilgrims Pride (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PPC#NASDAQ">PPC</a>) is estimated to report quarterly earnings at $0.40 per share on revenue of $4.47 billion.
&bull; Freightos (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRGO#NASDAQ">CRGO</a>) is expected to report quarterly loss at $0.12 per share on revenue of $5.21 million.
<h3>Companies Reporting After The Bell</h3>
&bull; Innovative Ind Props (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IIPR#NYSE">IIPR</a>) is likely to report earnings for its fourth quarter.
&bull; Diversified Healthcare (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DHC#NASDAQ">DHC</a>) is likely to report earnings for its fourth quarter.
&bull; Franklin Street Props (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/FSP#AMEX">FSP</a>) is likely to report earnings for its fourth quarter.
&bull; Dril-Quip (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DRQ#NYSE">DRQ</a>) is estimated to report quarterly earnings at $0.18 per share on revenue of $118.50 million.
&bull; Revolution Medicines (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RVMD#NASDAQ">RVMD</a>) is likely to report quarterly loss at $0.90 per share on revenue of $1.09 million.
&bull; FibroGen (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FGEN#NASDAQ">FGEN</a>) is expected to report quarterly loss at $0.42 per share on revenue of $38.90 million.
&bull; Quanterix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QTRX#NASDAQ">QTRX</a>) is likely to report quarterly loss at $0.32 per share on revenue of $29.84 million.
&bull; Staar Surgical (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STAA#NASDAQ">STAA</a>) is expected to report quarterly earnings at $0.17 per share on revenue of $75.89 million.
&bull; Sezzle (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEZL#NASDAQ">SEZL</a>) is projected to report earnings for its fourth quarter.
&bull; Aarons (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AAN#NYSE">AAN</a>) is projected to report quarterly earnings at $0.03 per share on revenue of $542.07 million.
&bull; Archer Aviation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACHR#NYSE">ACHR</a>) is likely to report quarterly loss at $0.28 per share on revenue of $320 thousand.
&bull; ATI Physical Therapy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ATIP#NYSE">ATIP</a>) is projected to report quarterly loss at $3.74 per share on revenue of $177.39 million.
&bull; Air Transport Services Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATSG#NASDAQ">ATSG</a>) is expected to report quarterly earnings at $0.28 per share on revenue of $523.06 million.
&bull; CarGurus (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CARG#NASDAQ">CARG</a>) is likely to report quarterly earnings at $0.34 per share on revenue of $220.05 million.
&bull; Dorman Prods (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DORM#NASDAQ">DORM</a>) is likely to report quarterly earnings at $1.41 per share on revenue of $496.72 million.
&bull; Ellington Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EFC#NYSE">EFC</a>) is likely to report quarterly earnings at $0.40 per share on revenue of $42.67 million.
&bull; Erie Indemnity (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ERIE#NASDAQ">ERIE</a>) is likely to report quarterly earnings at $2.02 per share on revenue of $772.57 million.
&bull; Fate Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FATE#NASDAQ">FATE</a>) is estimated to report quarterly loss at $0.52 per share on revenue of $1.59 million.
&bull; Helix Energy Solns Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HLX#NYSE">HLX</a>) is estimated to report quarterly earnings at $0.10 per share on revenue of $315.60 million.
&bull; AES (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AES#NYSE">AES</a>) is estimated to report quarterly earnings at $0.67 per share on revenue of $3.36 billion.
&bull; Carlyle Secured Lending (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CGBD#NASDAQ">CGBD</a>) is projected to report quarterly earnings at $0.52 per share on revenue of $56.74 million.
&bull; iRobot (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IRBT#NASDAQ">IRBT</a>) is projected to report quarterly loss at $2.11 per share on revenue of $307.99 million.
&bull; Douglas Dynamics (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLOW#NYSE">PLOW</a>) is estimated to report quarterly loss at $0.16 per share on revenue of $98.97 million.
&bull; Offerpad Solutions (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OPAD#NYSE">OPAD</a>) is projected to report quarterly loss at $0.47 per share on revenue of $249.64 million.
&bull; Postal Realty Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSTL#NYSE">PSTL</a>) is projected to report earnings for its fourth quarter.
&bull; PowerSchool Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PWSC#NYSE">PWSC</a>) is likely to report quarterly earnings at $0.21 per share on revenue of $183.44 million.
&bull; SBA Comms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBAC#NASDAQ">SBAC</a>) is likely to report quarterly earnings at $1.37 per share on revenue of $682.17 million.
&bull; SES AI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SES#NYSE">SES</a>) is projected to report earnings for its fourth quarter.
&bull; Solaris Oilfield Infra (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SOI#NYSE">SOI</a>) is projected to report quarterly earnings at $0.14 per share on revenue of $65.55 million.
&bull; TransMedics Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMDX#NASDAQ">TMDX</a>) is projected to report quarterly loss at $0.03 per share on revenue of $68.51 million.
&bull; Vitesse Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VTS#NYSE">VTS</a>) is likely to report quarterly earnings at $0.43 per share on revenue of $61.81 million.
&bull; Sterling Infrastructure (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STRL#NASDAQ">STRL</a>) is estimated to report quarterly earnings at $1.00 per share on revenue of $522.45 million.
&bull; Theravance Biopharma (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TBPH#NASDAQ">TBPH</a>) is projected to report quarterly loss at $0.15 per share on revenue of $17.68 million.
&bull; Addus HomeCare (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADUS#NASDAQ">ADUS</a>) is expected to report quarterly earnings at $1.17 per share on revenue of $274.44 million.
&bull; Helios Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HLIO#NYSE">HLIO</a>) is projected to report quarterly earnings at $0.27 per share on revenue of $183.35 million.
&bull; Asure Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASUR#NASDAQ">ASUR</a>) is estimated to report quarterly earnings at $0.05 per share on revenue of $26.39 million.
&bull; Heico (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HEI#NYSE">HEI</a>) is estimated to report quarterly earnings at $0.74 per share on revenue of $894.28 million.
&bull; Primoris Services (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRIM#NYSE">PRIM</a>) is likely to report quarterly earnings at $0.67 per share on revenue of $1.55 billion.
&bull; Workday (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDAY#NASDAQ">WDAY</a>) is likely to report quarterly earnings at $1.47 per share on revenue of $1.92 billion.
&bull; Agora (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/API#NASDAQ">API</a>) is likely to report quarterly loss at $0.09 per share on revenue of $41.74 million.
&bull; EverQuote (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EVER#NASDAQ">EVER</a>) is projected to report quarterly loss at $0.32 per share on revenue of $49.81 million.
&bull; SI-BONE (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIBN#NASDAQ">SIBN</a>) is expected to report quarterly loss at $0.28 per share on revenue of $37.61 million.
&bull; Hims &amp; Hers Health (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIMS#NYSE">HIMS</a>) is projected to report quarterly loss at $0.02 per share on revenue of $245.82 million.
&bull; Trex Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TREX#NYSE">TREX</a>) is likely to report quarterly earnings at $0.19 per share on revenue of $193.29 million.
&bull; Adtran Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADTN#NASDAQ">ADTN</a>) is estimated to report quarterly loss at $0.11 per share on revenue of $228.30 million.
&bull; RLJ Lodging (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RLJ#NYSE">RLJ</a>) is projected to report quarterly earnings at $0.00 per share on revenue of $314.28 million.
&bull; KNOT Offshore Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KNOP#NYSE">KNOP</a>) is projected to report quarterly earnings at $0.05 per share on revenue of $71.33 million.
&bull; ONEOK (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OKE#NYSE">OKE</a>) is expected to report quarterly earnings at $1.21 per share on revenue of $5.89 billion.
&bull; Unity Software (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/U#NYSE">U</a>) is likely to report quarterly loss at $0.42 per share on revenue of $564.02 million.
&bull; Everbridge (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EVBG#NASDAQ">EVBG</a>) is projected to report quarterly earnings at $0.49 per share on revenue of $114.66 million.
&bull; MidCap Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MFIC#NASDAQ">MFIC</a>) is expected to report quarterly earnings at $0.43 per share on revenue of $67.63 million.
&bull; Zoom Video Comms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZM#NASDAQ">ZM</a>) is projected to report quarterly earnings at $1.15 per share on revenue of $1.13 billion.
&bull; Heidrick &amp; Struggles Intl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HSII#NASDAQ">HSII</a>) is estimated to report quarterly earnings at $0.68 per share on revenue of $248.12 million.
&bull; SkyWater Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SKYT#NASDAQ">SKYT</a>) is projected to report quarterly loss at $0.12 per share on revenue of $74.84 million.
&bull; FS KKR Capital (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FSK#NYSE">FSK</a>) is estimated to report quarterly earnings at $0.75 per share on revenue of $453.28 million.
&bull; CrossAmerica Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAPL#NYSE">CAPL</a>) is expected to report quarterly earnings at $0.22 per share on revenue of $1.11 billion.
&bull; PubMatic (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PUBM#NASDAQ">PUBM</a>) is projected to report quarterly earnings at $0.20 per share on revenue of $78.20 million.
&bull; MasterBrand (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MBC#NYSE">MBC</a>) is projected to report quarterly earnings at $0.27 per share on revenue of $666.70 million.
&bull; Albany Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIN#NYSE">AIN</a>) is expected to report quarterly earnings at $0.82 per share on revenue of $298.26 million.
&bull; New Mountain Finance (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NMFC#NASDAQ">NMFC</a>) is likely to report quarterly earnings at $0.40 per share on revenue of $93.28 million.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

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Hims & Hers Health, Inc. Class A Common Stock

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Earnings Scheduled For February 26, 2024

With U.S. stock futures trading lower this morning on Monday, some of the stocks that may grab investor focus today are as follows:
Wall Street expects Domino&#39;s Pizza, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dpz#NYSE">DPZ</a>) to report quarterly earnings at $4.38per share on revenue of $1.42 billion before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. The company reported earnings of $3.97 per share on revenue of $1.39 billion in the year-ago quarter. Domino&#39;s shares gained 0.1% to $434.00 in after-hours trading.
Celularity Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/celu#NASDAQ">CELU</a>) reported a 1-for-10 reverse stock split. Celularity shares fell 1% to $0.46 in the after-hours trading session.
Analysts are expecting Pilgrim&#39;s Pride Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ppc#NASDAQ">PPC</a>) to earn 40 cents per share on revenue of $4.48 billion for the latest quarter. The company will release earnings before the markets open. Pilgrim&#39;s Pride shares gained 2.2% to $29.49 in after-hours trading.
Check out our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a> 
After the markets close, Workday, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wday#NASDAQ">WDAY</a>) is projected to post quarterly earnings at $1.47 per share on revenue of $1.92 billion. Workday shares fell 0.1% to $305.74 in the after-hours trading session.
Analysts expect Zoom Video Communications, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/zm#NASDAQ">ZM</a>) to report quarterly earnings at $1.15 per share on revenue of $1.31 billion before the opening bell. Zoom shares slipped 0.02% to $63.39 in after-hours trading.
Check This Out: <a href="https://www.benzinga.com/news/24/02/37283653/top-4-consumer-stocks-that-may-plunge-in-q1"> Top 4 Consumer Stocks That May Plunge In Q1 </a>

Pre-Market Outlook

CELU

Workday, Domino's And 3 Stocks To Watch Heading Into Monday

The CNN Money Fear and Greed index showed a slight decline in the overall market sentiment, while the index remained in the &quot;Extreme Greed&quot; zone on Friday.
U.S. stocks closed mixed on Friday, with the Dow Jones index settling at an all-time high during the session.
All three major indices recorded gains last week, with the S&amp;P 500 gaining around 1.7% and the Dow adding 1.3% for the week. On Thursday, the S&amp;P 500 notched its best session since Jan. 2023.
Shares of Carvana Co. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cvna#NYSE">CVNA</a>) jumped over 32% on Friday after the company reported fourth-quarter financial results. However, ModivCare Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/modv#NASDAQ">MODV</a>) shares tumbled more than 39% after the company issued weak sales forecast for the first quarter.
On the economic data front, the total number of active U.S. oil rigs climbed by 6 rigs this week, Baker Hughes Inc reported.
Most sectors on the S&amp;P 500 closed on a higher note, with utilities, materials and industrials stocks recording the biggest gains on Friday. However, energy and consumer discretionary stocks bucked the overall market trend, closing the session lower.
The Dow Jones closed higher by around 62 points to 39,131.53 on Friday. The S&amp;P 500 rose 0.03% at 5,088.80, while the Nasdaq Composite fell 0.28% at 15,996.82 during Friday&rsquo;s session.
Investors are awaiting earnings results from Workday, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wday#NASDAQ">WDAY</a>), Zoom Video Communications, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/zm#NASDAQ">ZM</a>), Pilgrim&#39;s Pride Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ppc#NASDAQ">PPC</a>) and Domino&#39;s Pizza, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dpz#NYSE">DPZ</a>) today.
At a current reading of 77.7, the index remained in the &quot;Extreme Greed&quot; zone on Friday, versus a prior reading of 78.9.
What is CNN Business Fear &amp; Greed Index?
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
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Read Next: <a href="https://www.benzinga.com/news/24/02/37283462/ebay-alphabet-and-2-other-stocks-insiders-are-selling"> eBay, Alphabet And 2 Other Stocks Insiders Are Selling</a>

CVNA

MODV

Investor Sentiment Edges Lower, But Fear & Greed Index Remains In 'Extreme Greed' Zone

Pilgrims Pride (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PPC#NASDAQ">PPC</a>) is set to give its latest quarterly earnings report on Monday, 2024-02-26. Here's what investors need to know before the announcement.
Analysts estimate that Pilgrims Pride will report an earnings per share (EPS) of $0.40. 
Pilgrims Pride bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Past Earnings Performance</h3>
Last quarter the company beat EPS by $0.16, which was followed by a 3.7% increase in the share price the next day.
Here's a look at Pilgrims Pride's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.42</td>
<td>0.30</td>
<td>0.06</td>
<td>0.07</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.58</td>
<td>0.44</td>
<td>0.08</td>
<td>-0.49</td>
</tr>
<tr>
<td>Price Change %</td>
<td>3.7%</td>
<td>1.69%</td>
<td>2.6%</td>
<td>7.23%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1708696878_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Pilgrims Pride were trading at $28.76 as of February 21. Over the last 52-week period, shares are up 18.7%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/PPC/earnings">To track all earnings releases for Pilgrims Pride visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

A Preview Of Pilgrims Pride's Earnings

Pilgrims Pride (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PPC#NASDAQ">PPC</a>) reported quarterly earnings of $0.58 per share which beat the analyst consensus estimate of $0.42 by 38.1 percent. This is a 46.79 percent decrease over earnings of $1.09 per share from the same period last year. The company reported quarterly sales of $4.36 billion which beat the analyst consensus estimate of $4.26 billion by 2.35 percent. This is a 2.43 percent decrease over sales of $4.47 billion the same period last year.

UPDATE: Sales $4.36B Beat $4.26B Estimate

Pilgrims Pride (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ppc#NASDAQ">PPC</a>) reported quarterly earnings of $0.58 per share which beat the analyst consensus estimate of $0.42 by 38.1 percent. This is a 46.79 percent decrease over earnings of $1.09 per share from the same period last year. The company reported quarterly sales of $4.36 billion which beat the analyst consensus estimate of $4.26 billion by 2.35 percent. This is a 2.43 percent decrease over sales of $4.47 billion the same period last year.

Pilgrims Pride Q3 EPS $0.58 Beats $0.42 Estimate, Sales $4.36B Beat $4.26B Estimate