JM Smucker: Q1 Earnings Insights - JM Smucker (NYSE:SJM)

JM Smucker SJM reported its Q1 earnings results on Tuesday, August 23, 2022 at 07:00 AM.

Here's what investors need to know about the announcement.

JM Smucker beat estimated earnings by 31.5%, reporting an EPS of $1.67 versus an estimate of $1.27.

Revenue was up $15.00 million from the same period last year.

Last quarter the company beat on EPS by $0.35 which was followed by a 2.2% drop in the share price the next day.

Here's a look at JM Smucker's past performance:

Quarter	Q4 2022	Q3 2022	Q2 2022	Q1 2022
EPS Estimate	1.88	2.09	2.04	1.84
EPS Actual	2.23	2.33	2.43	1.90
Revenue Estimate	1.98B	2.04B	1.95B	1.77B
Revenue Actual	2.03B	2.06B	2.05B	1.86B

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

JM Smucker management provided guidance for FY 2023, expecting earnings between $8.2 and $8.6 per share.

To track all earnings releases for JM Smucker visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.