J. M. Smucker
The 10-second takeaway
For the quarter ended Oct. 31 (Q2), J. M. Smucker met expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded and GAAP earnings per share grew significantly.
Gross margins dropped, operating margins shrank, net margins expanded.
J. M. Smucker tallied revenue of $1.63 billion. The 13 analysts polled by S&P Capital IQ predicted revenue of $1.63 billion on the same basis. GAAP reported sales were 7.6% higher than the prior-year quarter's $1.51 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $1.45. The 15 earnings estimates compiled by S&P Capital IQ predicted $1.45 per share. GAAP EPS of $1.36 for Q2 were 21% higher than the prior-year quarter's $1.12 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 33.4%, 40 basis points worse than the prior-year quarter. Operating margin was 16.1%, 60 basis points worse than the prior-year quarter. Net margin was 9.1%, 70 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $1.57 billion. On the bottom line, the average EPS estimate is $1.39.
Next year's average estimate for revenue is $5.95 billion. The average EPS estimate is $5.18.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 461 members out of 484 rating the stock outperform, and 23 members rating it underperform. Among 171 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 162 give J. M. Smucker a green thumbs-up, and nine give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on J. M. Smucker is outperform, with an average price target of $86.92.
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