JM Smucker Q1 Adj EPS $2.21 Beats $2.04 Estimate, Sales $1.80B Miss $1.84B Estimate
Portfolio Pulse from Benzinga Newsdesk
JM Smucker (NYSE:SJM) reported Q1 adjusted earnings of $2.21 per share, beating the analyst consensus estimate of $2.04 by 8.33%. This is a 32.34% increase from the same period last year. However, the company's quarterly sales of $1.80 billion missed the analyst consensus estimate of $1.84 billion by 1.90%, marking a 3.63% decrease from the same period last year.
August 29, 2023 | 11:01 am
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NEUTRAL IMPACT
JM Smucker's Q1 earnings beat estimates but sales missed, indicating mixed performance.
While the earnings beat could boost investor confidence, the sales miss might raise concerns about the company's revenue generation capabilities. The net impact on the stock price could be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100