JM Smucker Q3 2024 Adj EPS $2.48 Beats $2.27 Estimate, Sales $2.23B Beat $2.22B Estimate
Portfolio Pulse from Benzinga Newsdesk
JM Smucker reported Q3 2024 adjusted EPS of $2.48, surpassing the $2.27 estimate, with sales of $2.23B also beating the $2.22B estimate. This represents a 0.58% increase in sales compared to the same period last year.
February 27, 2024 | 12:01 pm
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JM Smucker's Q3 2024 earnings surpassed analyst expectations with an EPS of $2.48 and sales of $2.23B, indicating a positive performance.
Beating both EPS and sales estimates typically leads to positive investor sentiment and can result in a short-term stock price increase. The reported growth in sales compared to the same period last year further strengthens the positive outlook for the stock.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100