The J. M. Smucker Company (NYSE:SJM) is reporting first quarter earnings results on Tuesday 25th August 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 1.67 per share.
For the full year, analysts predict revenues of $ 7644.71 million, while looking forward to income of $ 8.16 per share.
The Company Outlook
Full Year 2021 topline are forecasted in a range of$ 7,645.00 million ~ $ 7,723.00 million, where as bottomline are predicted in a range of $ 7.90 ~ $ 8.30 per share
Click Here For More Historical Outlooks Of The J. M. Smucker Company
Previous Quarter Performance
The J. M. Smucker Company posted income for the fourth quarter of $ 2.57 per share, from the revenue of $ 2,092.00 million. The quarterly earnings 23.56 percent while revenues gained 9.98 percent compared with the same quarter last year.
Street analysts expected The J. M. Smucker Company to report income of $ 2.29 per share on revenue of $ 2056.75 million for the fourth quarter. The bottom line results beat street analysts by $ 0.28 or 12.23 percent, at the same time, top line results outshined analysts by $ 35.25 million or 1.71 percent.
Stock Performance
Shares of The J. M. Smucker Company traded high $ 0.90 or 0.80 percent on Monday, reaching $ 112.99 with volume of 839.40 thousand shares. The J. M. Smucker Company has traded high as $ 113.63 and has cracked $ 110.77 on the downward trend
According to the previous trading day, closing price of $ 112.99, representing a 22.00 % increase from the 52 week low of $ 91.88 and a 10.77 % decrease over the 52 week high of $ 125.62.
The company has a market capital of $ 12.89 billion and is part of the Consumer Defensive sector and Packaged Foods industry.
Recent Analyst recommendations
- On 19th August 2020, downgraded by Morgan Stanley to Underweight from Equal-Weight rating, with $ 107.00 target price.
- On 13th July 2020, maintained by Morgan Stanley at Equal-Weight rating, with $ 110.00 target price.
Conference Call
The J. M. Smucker Company will be hosting a conference call at 8:30 AM eastern time on 25th August 2020, to discuss its 1Q21 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website 78449.themediaframe.com/dataconf/productusers/smuckers/mediaframe/38064/indexl.html
The J. M. Smucker Company manufactures and markets branded food and beverage products worldwide.
