Analyst Consensus ?
ConsensusBuy4 ratings
Bullish4100.0%
Neutral00.0%
Bearish00.0%
Jbs N.V. · JBS · FY2026 Q1 · Calendar Q2 2026
JBS posts record sales as U.S. beef pressure weighs on margins
JBS's diversified protein platform and value-added strategy support the longer-term growth case, but the near-term evidence is mixed: record sales and operational initiatives are offset by U.S. beef margin pressure, negative free cash flow and higher leverage.
Reported After market closeNYSEConsumer Defensive
$25.53B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$0.20
Consensus $0.20
EPS surprise
-2.2%
Reported versus consensus
Reported revenue
$21.61B
Consensus $21.66B
Revenue surprise
-0.2%
Reported versus consensus
Market reaction
event-close to next-session close
Stock move
-3.8%
Event window
SPY move
+0.6%
Same window
Abnormal move
-4.4%
Stock minus SPY
Volume
2.6×
Versus trailing sessions
Subsequent drift
-17.0%
Up to 20 sessions
JBSSPY benchmark
Ask FN2 about JBS FY2026 Q1
Transcript, numbers and history already loaded
Why did JBS fall 3.8% after missing EPS estimates in FY2026 Q1?What changed in JBS's guidance and outlook in FY2026 Q1?Give me the bull and bear case for JBS after FY2026 Q1 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
The latest quarter shifted the emphasis from the prior quarter's record revenue, strong balance sheet and maintained guidance to a more mixed profile: sales remained at a record level, but EBITDA margin pressure, negative free cash flow, increased capex and leverage became central concerns. Management also highlighted broader AI and automation deployment and an Oman acquisition.
Guidance delta
No formal guidance was provided in the supplied transcript analysis.
Key takeaways
- Sales grew 11% to a record level, while margins were pressured by the weak U.S. beef segment.
- Free cash flow was negative $1.5 billion as capex increased and working capital absorbed cash.
- Leverage rose to 2.77x, within the stated long-term 2–3x target.
- Management is prioritizing AI, automation, value-added products and geographic diversification.
Management priorities
- Scale AI and automation across business units.
- Advance growth-capex projects in prepared foods, poultry and Oman.
- Increase the share of value-added and prepared-food products.
- Maintain cost discipline and balanced capital allocation.
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Try FN2 freeEarnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$11.53Current
$17Low
$18.33Average
$20High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Sep 24, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| UBS | Buy | Buy | Maintain | Aug 24, 2026 |
| Stephens & Co. | Overweight | Overweight | Maintain | Aug 17, 2026 |
| JP Morgan | Overweight | Overweight | Maintain | Aug 12, 2026 |
| Barclays | Overweight | Overweight | Maintain | Jul 16, 2026 |
Named analyst price targets
Upside is calculated against the persisted current price $11.52. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| UBS | Analyst unavailable | $17.5 | $13.82 | +51.8% | Aug 24, 2026 |
| Stephens | Poorah Sharma | $17 | $13.65 | +47.5% | Aug 17, 2026 |
| Barclays | Analyst unavailable | $20 | $12.1 | +73.5% | Jul 16, 2026 |
| UBS | Analyst unavailable | $17 | $12.52 | +47.5% | May 19, 2026 |
| Barclays | Analyst unavailable | $23 | $17.03 | +99.6% | Mar 27, 2026 |
| UBS | Analyst unavailable | $19.5 | $15.73 | +69.2% | Feb 5, 2026 |
| Banco Santander | Guilherme Palhares | $17 | $14.03 | +47.5% | Dec 11, 2025 |
| Goldman Sachs | Analyst unavailable | $18.5 | $14.53 | +60.5% | Nov 26, 2025 |
| Mizuho Securities | Analyst unavailable | $20 | $13.16 | +73.5% | Oct 28, 2025 |
Track every rating change on JBS the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationJBS NV is a food company that engages in the sale of beef, pork, lamb meat and poultry products. It offers its products to supermarkets, club stores, other retail distributors, and foodservice companies. The company was founded on October 9, 2019 and is headquartered in Amstelveen, the Netherlands.
Historical context
All JBS earningsConsumer Defensive peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| GIS General Mills, Inc. | FY2027 Q1 · Calendar Q3 2026 | +4.6% | +1.0% | General Mills leans on mix, innovation and e-commerce amid pressure |
| KR The Kroger Co. | FY2026 Q2 · Calendar Q3 2026 | +2.8% | +2.7% | Kroger: Strong digital growth offsets softer sales outlook |
| CPB Campbell Soup Company | FY2026 Q4 · Calendar Q3 2026 | +1.1% | -7.0% | Campbell’s leans on savings and innovation amid pressured demand |
| BF-A Brown-Forman Corporation | FY2027 Q1 · Calendar Q3 2026 | +3.0% | — | Brown-Forman holds FY27 outlook as RTD innovation offsets barrel pressure |
| BF-B Brown-Forman Corporation | FY2027 Q1 · Calendar Q3 2026 | 0.0% | — | Brown-Forman maintains FY27 outlook as innovation offsets pressure |
| DG Dollar General Corporation | FY2027 Q2 · Calendar Q3 2026 | +23.4% | +2.5% | Dollar General Raises FY2026 Outlook After Strong Q2 |
Latest beats and misses
Who reports nextBeat on EPS
- PAYXFY2027 Q1 · September 23, 2026+1.5% EPS-8.8% move
- GISFY2027 Q1 · September 23, 2026+4.6% EPS+1.0% move
- AZOFY2026 Q4 · September 22, 2026+3.6% EPS+3.3% move
- FPSFY2026 Q4 · September 15, 2026+4.3% EPS+9.5% move
- TCOMFY2026 Q2 · September 15, 2026+22.3% EPS+3.0% move
- KRFY2026 Q2 · September 11, 2026+2.8% EPS+2.7% move
Get the JBS recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-05-17T18:33:57.441524+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-09-24T12:00:55.618008+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-09-24T12:00:55.615260+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-09-24. For educational purposes only; not investment advice.