On the most recent trading day, Tyson Foods (NYSE:TSN) closed at $50.49, marking a gain of +1.12% compared to the previous trading session. This performance outpaced the daily loss of 0.27% in the S&P 500. In contrast, the Dow declined by 0.47%, while the Nasdaq, a tech-heavy index, recorded a modest increase of 0.14%.
Over the past month, Tyson Foods stock has experienced a 6.27% decline. During this same period, the Consumer Staples sector saw a decrease of 5.93%, while the S&P 500 registered a 2.86% drop.
As Tyson Foods approaches its next earnings release, investors will be closely watching for signs of strength. Analysts expect Tyson Foods to report earnings of $0.32 per share on that day, reflecting an 80.37% year-over-year decline. Furthermore, the latest consensus estimate anticipates revenue of $13.71 billion, a slight decrease of 0.23% compared to the prior-year quarter.
Tyson Foods’ full-year estimates project earnings of $1.27 per share and revenue of $53.24 billion. These figures represent year-over-year changes of -85.45% and -0.08%, respectively.
Investors may also take note of recent revisions to analyst estimates for Tyson Foods. These adjustments often mirror the latest short-term business trends, which can change frequently. Positive estimate revisions typically signify analyst confidence in the company’s business prospects and profitability.
Our research indicates that these estimate changes are closely linked to near-term stock price movements. Investors can leverage these insights
In terms of valuation, Tyson Foods currently has a Forward P/E ratio of 39.39, which is higher than the industry average Forward P/E of 22.95.
Featured Image: Unsplash
