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The J. M. Smucker Company (SJM - Free Report) engages in the manufacture and marketing of branded food products worldwide. The company’s primary products include coffee, peanut butter, fruit spreads, shortening and oils, baking mixes and ready-to-spread frostings, and canned milk.
Strong organic sales growth, product innovation and constant efforts to expand through acquisitions have remained the company’s strong points over the past several quarters. However, sales have been declining Sales have been declining due to currency headwinds, lower coffee volumes, lower pricing and sluggish pet food sales. The recent increase in coffee prices will also negatively impact the coffee volumes.
Earnings Estimate Revision: The Zacks Consensus Estimate for the current quarter portrays a downtrend in the last 60 days. J. M. Smucker’s performance in the trailing four quarters (including the quarter under review) gives a positive picture. The company outperformed the Zacks Consensus Estimate by an average of 17.07% in the trailing four quarters.
Currently, SJM has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here. The Zacks Rank could definitely change following Smucker’s earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: SJM posted adjusted earnings of $1.80 per share, beating our consensus of $1.73. Investors should note that these figures take out stock option expenses.
Revenue: SJM posted revenues of $1.784 billion, exceeding our consensus estimate of $1.775 billion.
Key Stats to Note: The company provided its fiscal 2018 outlook and expects adjusted earnings in the range of $7.85 to $8.05 per share.
Stock Price: Shares were in-active in pre-market trading.
Check back later for our full write up on this SJM earnings report later!
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J.M. Smucker (SJM) Beats Q4 Earnings and Revenues
The J. M. Smucker Company (SJM - Free Report) engages in the manufacture and marketing of branded food products worldwide. The company’s primary products include coffee, peanut butter, fruit spreads, shortening and oils, baking mixes and ready-to-spread frostings, and canned milk.
Strong organic sales growth, product innovation and constant efforts to expand through acquisitions have remained the company’s strong points over the past several quarters. However, sales have been declining Sales have been declining due to currency headwinds, lower coffee volumes, lower pricing and sluggish pet food sales. The recent increase in coffee prices will also negatively impact the coffee volumes.
Earnings Estimate Revision: The Zacks Consensus Estimate for the current quarter portrays a downtrend in the last 60 days. J. M. Smucker’s performance in the trailing four quarters (including the quarter under review) gives a positive picture. The company outperformed the Zacks Consensus Estimate by an average of 17.07% in the trailing four quarters.
Currently, SJM has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here. The Zacks Rank could definitely change following Smucker’s earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: SJM posted adjusted earnings of $1.80 per share, beating our consensus of $1.73. Investors should note that these figures take out stock option expenses.
Revenue: SJM posted revenues of $1.784 billion, exceeding our consensus estimate of $1.775 billion.
Key Stats to Note: The company provided its fiscal 2018 outlook and expects adjusted earnings in the range of $7.85 to $8.05 per share.
Stock Price: Shares were in-active in pre-market trading.
Check back later for our full write up on this SJM earnings report later!
3 Top Picks to Ride the Hottest Tech Trend
Zacks just released a Special Report to guide you through a space that has already begun to transform our entire economy...
Last year, it was generating $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce ""the world's first trillionaires,"" but that should still leave plenty of money for those who make the right trades early. Download Report with 3 Top Tech Stocks >>