This week’s Filing Season Finds report highlights Pilgrim’s Pride (PPC) for understating its profits by $283 million (26% of GAAP earnings) and its cheap stock valuation. It is just one of the many interesting discoveries from the 301 10-Ks and 10-Qs our Robo-Analyst[1] analyzed in the first, short week of Filing Season.
Filing Season Finds reports are available only to Pro and Institutional members. More of the insights revealed by our Robo-Analyst technology during Filing Season are available here. Since 2005, we’ve reported how traditional earnings measures are unreliable due to accounting loopholes that allow companies to manage earnings. Our proprietary Core Earnings exclude unusual gains and losses to provide a more reliable earnings measure and a new source of alpha.