J M Smucker Earnings Preview: Expected To Deliver Worst Quarter In Years

Shares of J M Smucker Co SJM fell slightly on Wednesday ahead of the announcement of the company’s fourth quarter financial results scheduled for Thursday morning.

According to Estimize, expectations point towards the worst quarter in at least four years. The Street is modeling consensus earnings of $0.99 per share on revenue of $1.321 billion, while the crowd anticipates earnings of $1.01 per share on revenue of $1.313 billion.

These estimates imply a decline of more than 17 percent from the earnings of $1.21 per share reported in the same quarter last year.

The second chart illustrates the evolution of sentiment over time. While the crowd’s consensus remained pretty much flat, the Street’s consensus has been falling consistently, from $1.17 in February to $0.99 in April.

Analyst Ratings

Deutsche Bank recently reiterated a Buy rating on J M Smucker, while boosting its price target from $126.00 to $128.00. On the other hand, Bernstein downgraded the stock from Outperform to Market Perform, while also raising its target from $118.00 to $125.00.

For its part, Barclays maintains an Equal-weight rating and $108.00 price target on the shares, while Citigroup rates it a Buy with a $135.00 price target.