Pilgrim's Pride Stock Falls 3.26% Amidst Market Decline

Pilgrim's Pride (PPC) shares declined 3.26% to $37.38, trailing the S&P 500's 0.08% drop and the Dow's 0.61% decline. Analysts expect the poultry producer to report a 41.98% YoY decline in earnings and a 0.83% YoY increase in revenue in its upcoming earnings release. The Zacks Rank system rates PPC a Strong Sell, with a Forward P/E ratio of 8.99, a discount compared to its industry's Forward P/E of 12.61.