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Tyson Foods (TSN) Stock Moves -0.17%: What You Should Know

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In the latest trading session, Tyson Foods (TSN) closed at $82.08, marking a -0.17% move from the previous day. This change was narrower than the S&P 500's 0.93% loss on the day. At the same time, the Dow lost 0.43%, and the tech-heavy Nasdaq lost 0.17%.

Coming into today, shares of the meat producer had lost 2.07% in the past month. In that same time, the Consumer Staples sector gained 2.29%, while the S&P 500 gained 6.31%.

Wall Street will be looking for positivity from Tyson Foods as it approaches its next earnings report date. This is expected to be August 8, 2022. On that day, Tyson Foods is projected to report earnings of $1.88 per share, which would represent a year-over-year decline of 30.37%. Meanwhile, our latest consensus estimate is calling for revenue of $13.36 billion, up 7.03% from the prior-year quarter.

TSN's full-year Zacks Consensus Estimates are calling for earnings of $9.07 per share and revenue of $52.5 billion. These results would represent year-over-year changes of +9.54% and +11.59%, respectively.

Investors should also note any recent changes to analyst estimates for Tyson Foods. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.

Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 0.68% lower within the past month. Tyson Foods currently has a Zacks Rank of #3 (Hold).

In terms of valuation, Tyson Foods is currently trading at a Forward P/E ratio of 9.06. Its industry sports an average Forward P/E of 9.06, so we one might conclude that Tyson Foods is trading at a no noticeable deviation comparatively.

Investors should also note that TSN has a PEG ratio of 1.21 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Food - Meat Products industry currently had an average PEG ratio of 1.21 as of yesterday's close.

The Food - Meat Products industry is part of the Consumer Staples sector. This group has a Zacks Industry Rank of 44, putting it in the top 18% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.


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