Preview: JM Smucker's Earnings
Portfolio Pulse from Benzinga Insights
JM Smucker (NYSE:SJM) is expected to report an EPS of $2.47 in its upcoming quarterly earnings on December 5, 2023. Investors are looking for an earnings beat and positive guidance for future growth. Historically, the company's stock price has shown mixed reactions to earnings reports. Over the last year, SJM shares have declined by 27.44%, with the current price at $111.42 as of November 30.
December 04, 2023 | 2:00 pm
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JM Smucker is anticipated to report an EPS of $2.47 for the upcoming quarter. Investors will focus on earnings performance and future guidance. The stock has declined by 27.44% over the past year, indicating bearish sentiment.
The expected EPS is a key figure that investors will be watching closely. While historical data shows that an earnings beat does not necessarily lead to a positive stock price reaction, positive guidance could influence the stock positively. However, the recent downward trend in the stock price suggests a bearish sentiment that may temper any positive impact from the earnings report.
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IMPORTANCE 90
RELEVANCE 100