The J. M. Smucker Company (SJM - Free Report) is a branded food products manufacturing company that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on SJM’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that J. M. Smucker could be a solid choice for investors.
Current Quarter Estimates for SJM
In the past 30 days, 2 estimates has gone higher for J. M. Smucker while none has gone lower in the same time period. The trend has been pretty favorable too, with estimates rising from $1.53 per share 30 days ago, to $1.71 today, a move of 11.8%.
Current Year Estimates for SJM
Meanwhile, J. M. Smucker current year figures are also looking quite promising, with 5 estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, with estimates rising from $6.40 per share 30 days ago, to $7.36 today, a move of 15%.
The stock has also started to move higher lately, adding 10.2% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #1 (Strong Buy) stock to profit in the near future.
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