These Analysts Revise Their Forecasts On J M Smucker After Q4 Results
Portfolio Pulse from Lisa Levin
J M Smucker Co (NYSE:SJM) reported Q4 FY23 sales growth of 10% YoY to $2.23 billion, beating analyst consensus estimate of $2.17 billion. Adjusted EPS of $2.64 also beat the Street view of $2.37. The company forecasts FY24 adjusted EPS of $9.20 - $9.60. Bernstein and Stifel revised their price targets on Smucker.
June 07, 2023 | 12:31 pm
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J M Smucker Co reported better-than-expected Q4 results, with sales growth of 10% YoY and adjusted EPS beating estimates. Bernstein and Stifel revised their price targets.
J M Smucker Co reported better-than-expected Q4 results, which could have a positive impact on the stock. However, the stock fell 1.8% after the announcement, and analysts' revised price targets were mixed, with Bernstein raising its target but maintaining an Underperform rating, and Stifel lowering its target while maintaining a Hold rating. This suggests a neutral short-term impact on the stock.
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