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On Tuesday, August 27, JM Smucker (NYSE:SJM) will report its last quarter's earnings. Here is Benzinga's preview of the company's release.
Earnings and Revenue
Sell-side analysts expect JM Smucker's EPS to be near $1.74 on sales of $1.87 billion.
JM Smucker earnings in the same period a year ago was $1.78. Quarterly sales came in at $1.90 billion. The Wall Street estimate would represent a 2.25% decline in the company's earnings. Sales would be down 1.73% from the same quarter last year. Here's how the company's EPS has stacked up against analyst estimates in the past:
| Quarter | Q4 2019 | Q3 2019 | Q2 2019 | Q1 2019 | Q4 2018 |
| EPS Estimate | 1.950 | 2.02 | 2.33 | 1.79 | 2.2 |
| EPS Actual | 2.080 | 2.26 | 2.17 | 1.78 | 1.93 |
Stock Performance
Over the last 52-week period, shares are up 6.46%. Given that these returns are generally positive, long-term shareholders should be content going into this earnings release. Analysts have adjusted their estimates lower for EPS and revenues over the past 90 days. The average rating by analysts on JM Smucker stock is a Neutral. The strength of this rating has maintained conviction over the past 90 days.
Conference Call
JM Smucker is scheduled to hold a conference call at 8:30 a.m. ET and can be accessed here: https://edge.media-server.com/mmc/p/wueryisw
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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