J. M. Smucker
The 10-second takeaway
For the quarter ended Jan. 31 (Q3), J. M. Smucker met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share grew significantly.
Margins grew across the board.
J. M. Smucker notched revenue of $1.56 billion. The 14 analysts polled by S&P Capital IQ anticipated sales of $1.55 billion on the same basis. GAAP reported sales were 6.3% higher than the prior-year quarter's $1.47 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 $1.47. The 17 earnings estimates compiled by S&P Capital IQ forecast $1.39 per share. GAAP EPS of $1.42 for Q3 were 38% higher than the prior-year quarter's $1.03 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 34.4%, 180 basis points better than the prior-year quarter. Operating margin was 17.0%, 110 basis points better than the prior-year quarter. Net margin was 9.9%, 190 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $1.39 billion. On the bottom line, the average EPS estimate is $1.21.
Next year's average estimate for revenue is $5.93 billion. The average EPS estimate is $5.21.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 465 members out of 486 rating the stock outperform, and 21 members rating it underperform. Among 174 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 166 give J. M. Smucker 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 J. M. Smucker is outperform, with an average price target of $89.54.
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