The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Scotts Miracle-Gro's revenues will compress -1.1% and EPS will remain in the red.
The average estimate for revenue is $412.7 million. On the bottom line, the average EPS estimate is -$0.58.
Last quarter, Scotts Miracle-Gro chalked up revenue of $1.06 billion. GAAP reported sales were 0.3% higher than the prior-year quarter's $1.06 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $1.60. GAAP EPS of $1.50 for Q3 were 11% lower than the prior-year quarter's $1.69 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 34.5%, 330 basis points worse than the prior-year quarter. Operating margin was 15.8%, 370 basis points worse than the prior-year quarter. Net margin was 8.8%, 170 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $2.86 billion. The average EPS estimate is $2.01.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 223 members out of 254 rating the stock outperform, and 31 members rating it underperform. Among 94 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 86 give Scotts Miracle-Gro a green thumbs-up, and eight give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Scotts Miracle-Gro is hold, with an average price target of $43.20.
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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool owns shares of The Scotts Miracle-Gro Company. Motley Fool newsletter services recommend The Scotts Miracle-Gro Company. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.