Chicken producer Pilgrim’s Pride (NASDAQ:PPC) will be reporting earnings tomorrow after the bell. Here’s what to expect.

Pilgrim's Pride missed analysts’ revenue expectations by 1.7% last quarter, reporting revenues of $4.58 billion, up 5.2% year on year. It was a very strong quarter for the company, with a solid beat of analysts’ gross margin estimates and an impressive beat of analysts’ EBITDA estimates.

Is Pilgrim's Pride a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Pilgrim's Pride’s revenue to grow 2.8% year on year to $4.66 billion, slowing from the 9.7% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.16 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Pilgrim's Pride has missed Wall Street’s revenue estimates four times over the last two years.

Looking at Pilgrim's Pride’s peers in the perishable food segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Tyson Foods delivered year-on-year revenue growth of 2.3%, beating analysts’ expectations by 1%, and Cal-Maine reported revenues up 82.5%, topping estimates by 27%. Tyson Foods’s stock price was unchanged after the resultsand Cal-Maine’s price followed a similar reaction.

Read our full analysis of Tyson Foods’s results here and Cal-Maine’s results here.

Stocks generally had a good 2024. The Fed fought high inflation and won without sending the economy into a recession, otherwise lovingly known as a soft landing. The US Central Band is now cutting rates. That, plus the election of Donald Trump in November 2024, sent markets even higher, and while some of the perishable food stocks have shown solid performance, the group has generally underpeformed, with share prices down 2.3% on average over the last month. Pilgrim's Pride is up 13.3% during the same time and is heading into earnings with an average analyst price target of $45.17 (compared to the current share price of $51.60).

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