Earnings Growth & Price Strength Make Tyson Foods (TSN) a Stock to Watch
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Breaking Down the Zacks Focus List
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Focus List Methodology
When stocks are picked for the Focus List, it reflects our enduring reliance on the power of earnings estimate revisions.
Brokerage analysts are in charge of determining a company's growth and profitability expectations, or earnings estimates. These analysts work together with company management to evaluate all factors that may affect future earnings, like interest rates, the economy, and sector and industry optimism.
Earnings estimate revisions are very important, since investors also need to take into consideration what a company will earn in the future.
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The Focus List is comprised of stocks hand-picked from a long list of #1 (Strong Buy) or #2 (Buy) ranked companies, meaning that each new addition boasts a bullish earnings consensus among analysts.
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Focus List Spotlight: Tyson Foods (TSN)
Headquartered in Arkansas, Tyson Foods Inc. was founded in 1935. It is the biggest U.S. chicken company and produces, distributes and markets chicken, beef, pork as well as prepared foods. Its products are marketed and sold primarily by sales staff to grocery retailers, grocery wholesalers, meat distributors, military commissaries, industrial food processing companies, chain restaurants, international export companies and domestic distributors.
Since being added to the Focus List on September 19, 2016 at $65.58 per share, shares of TSN have increased 25.79% to $80.20. The stock is currently a #3 (Hold) on the Zacks Rank.
For fiscal 2021, three analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.59 to $8.03. TSN boasts an average earnings surprise of 38.4%.
Additionally, TSN's earnings are expected to grow 42.4% for the current fiscal year.
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