Packaged foods company J.M Smucker (NYSE: SJM) will be announcing earnings results this Wednesday morning. Here’s what to expect.
J. M. Smucker met analysts’ revenue expectations last quarter, reporting revenues of $2.27 billion, up 5.8% year on year. It was a satisfactory quarter for the company, with a decent beat of analysts’ gross margin estimates.
Is J. M. Smucker a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting J. M. Smucker’s revenue to be flat year on year, improving from its flat revenue in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. J. M. Smucker has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at J. M. Smucker’s peers in the shelf-stable food segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Lamb Weston delivered year-on-year revenue growth of 5.6%, beating analysts’ expectations by 4.8%, and Hershey reported revenues up 6.6%, topping estimates by 5.7%. Lamb Weston traded up 8% following the results while Hershey was down 4.8%.
Read our full analysis of Lamb Weston’s results here and Hershey’s results here.
There has been positive sentiment among investors in the shelf-stable food segment, with share prices up 2.6% on average over the last month. J. M. Smucker is up 4% during the same time and is heading into earnings with an average analyst price target of $127.69 (compared to the current share price of $125.90).
ALSO WORTH WATCHING: Nvidia’s Quiet Partner. Nvidia’s chips cost a hundred grand. The connectors that make them work cost even more. One company makes them all.
Every AI server needs specialized infrastructure the chip companies don’t make. High-speed cables. Power connectors. Thermal sensors. This 90-year-old company built a monopoly on it. The AI boom just started. This stock is still flying under the radar. Claim The Stock Ticker Here for FREE.
