Investors braced for a bumpy ride ahead of Scotts Miracle-Gro Company's
What analysts say:
- Buy, sell, or hold?: Analysts think investors should stand pat on Scotts Miracle-Gro Company with eight of 11 analysts rating it hold. While analysts still rate the stock a Hold, they are a little more optimistic about it compared to three months ago.
- Revenue Forecasts: On average, analysts predict $414.6 million in revenue this quarter. That would represent a decline of 12.8% from the year-ago quarter.
- Wall Street Earnings Expectations: The average analyst estimate is a loss of 44 cents per share. Estimates range from a loss of 51 cents to a loss of 39 cents.
What our community says:
CAPS All Stars are solidly behind the stock with 90.5% assigning it an "outperform" rating. The community at large agrees with the All Stars with 87.3% awarding it a rating of "outperform." Fools have embraced Scotts Miracle-Gro Company and haven't been shy with their opinions lately, logging 129 posts in the past 30 days. Despite the majority sentiment in favor of Scotts Miracle-Gro Company, the stock has a middling CAPS rating of three out of five stars.
The company's gross margin shrank by three percentage points in the last quarter. Revenue fell 14.5% while cost of sales fell 10.3% to $658.6 million from a year earlier.
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