Tyson Foods, Inc. (TSN) saw a big move last session, as the company’s shares fell by about 7% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for TSN, as the stock is now down over 13% since May 29, 2014.
This slump shouldn’t be too much of a surprise to investors, as the meat food products company has seen no negative revisions in the past few weeks but its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.
TSN currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Some better-ranked stocks in the same industry include Pilgrim's Pride Corporation (PPC), Sanderson Farms, Inc. (SAFM) and The Hillshire Brands Company (HSH). While Pilgrim's Pride and Sanderson Farms carry a Zacks Rank #1 (Strong Buy), Hillshire Brands holds a Zacks Rank #2 (Buy).
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