Packaged foods company J.M Smucker (NYSE:SJM) will be reporting results tomorrow morning. Here’s what investors should know.
J. M. Smucker met analysts’ revenue expectations last quarter, reporting revenues of $2.27 billion, up 17.2% year on year. It was a strong quarter for the company, with an impressive beat of analysts’ EBITDA and organic revenue estimates.
Is J. M. Smucker a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting J. M. Smucker’s revenue to be flat year on year at $2.22 billion, in line with its flat revenue from the same quarter last year. Adjusted earnings are expected to come in at $2.37 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. J. M. Smucker has missed Wall Street’s revenue estimates six times over the last two years.
Looking at J. M. Smucker’s peers in the shelf-stable food segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Hershey delivered year-on-year revenue growth of 8.7%, beating analysts’ expectations by 1.6%, and Lancaster Colony reported revenues up 4.8%, topping estimates by 2.8%. Hershey traded up 6.2% following the results while Lancaster Colony was also up 11.9%.
Read our full analysis of Hershey’s results here and Lancaster Colony’s results here.
Investors in the shelf-stable food segment have had steady hands going into earnings, with share prices flat over the last month. J. M. Smucker is up 6.8% during the same time and is heading into earnings with an average analyst price target of $120.99 (compared to the current share price of $112.47).
Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we’ve identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link.
