Why Tyson Foods (TSN) is a Top Stock for the Long-Term

If you're a beginner investor, the idea of creating a portfolio from the ground up can feel like an impossible goal to achieve. That's why you should start by looking at stocks that are set to beat the market over the next 12 months, a strategy that's been proven to generate strong returns.

Now, let's break down why adding this one exceptional stock, highlighted below, to your portfolio could be a recipe for success.

Why You Should Pay Attention to 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. The company's 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.

On September 19, 2016, TSN was added to the Zacks Focus List at $65.58 per share. Shares have increased 38.44% to $90.79 since then.

Four analysts revised their earnings estimate upwards in the last 60 days for fiscal 2022. The Zacks Consensus Estimate has increased $0.32 to $9.06. TSN boasts an average earnings surprise of 33.3%.

Moreover, analysts are expecting Tyson Foods' earnings to grow 9.4% for the current fiscal year.

It can be very profitable to buy stocks with rising earnings estimates, as stock prices respond to revisions. By adding a Focus List stock like TSN, there's a great chance you'll be getting into a company whose future earnings estimates will be raised, which can lead to price momentum.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Tyson Foods, Inc. (TSN) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.