Factors Setting The Tone For Smucker's (SJM) Q2 Earnings
Zacks Investment Research | Nov 13, 2019 08:42PM ET
The J. M. Smucker Company (NYSE:SJM) is slated to release second-quarter fiscal 2020 results on Nov 22. The provider of pet foods as well as consumer foods and beverages delivered a positive earnings surprise of 0.8% in the last reported quarter.
The Zacks Consensus Estimate for fiscal second-quarter earnings declined by a penny in the past 30 days and is currently pegged at $2.15 per share. The projected figure suggests a decline of 0.9% from the year-ago quarter’s reported figure. The consensus mark for revenues is pegged at $1,998 million, which indicates a decline of 1.2% from the figure reported in prior-year quarter.
Factors to Note
Smucker is under pressure, thanks to the divestiture of the U.S. baking business. This has been weighing upon the International, Away from Home and U.S. Retail Consumer Foods segments. Adverse impacts from baking-business divestiture along with declines in private label pet food products are likely to have affected the top line in the second quarter.
Also, lower net price realization across some segments, unfavorable shipment timings and intense competition in the premium dog food business are headwinds for the company.
Nonetheless, gains from acquisitions and partnerships as well as a strong brand portfolio are upsides. Markedly, the buyout of Ainsworth has been yielding positively. Further, the company’s cost-saving initiatives and efforts to broaden presence in the e-commerce channel bode well.
The J. M. Smucker Company Price, Consensus and EPS Surprise
Original post
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.