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 Benjamin Bienvenu an analyst with Stephens has raised earnings estimates for both Tyson Foods, Inc. and Pilgrim’s Pride Corporation based on an anticipation of increased margins over FY 2023 and the first quarter of FY 2024.
With respect to Tyson Foods, both the chicken and pork segments will improve but the profitability of beef is questionable.
Bienvenu expects the EPS of Pilgrim’s Pride to increase from $2.20 to $2.30 based on “improving chicken fundamentals”. With respect to Tyson Foods, the earnings estimate for FY 2023 will increase from $1.21 to $1.27.
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