J.M. Smucker Sees FY24 Adj. EPS $9.45-$9.65 vs $9.52 Est.
Portfolio Pulse from Benzinga Newsdesk
J.M. Smucker has provided its adjusted earnings per share (EPS) guidance for fiscal year 2024, projecting a range of $9.45 to $9.65. This forecast brackets the analyst consensus estimate of $9.52.
February 27, 2024 | 12:02 pm
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J.M. Smucker projects its FY24 adjusted EPS to be between $9.45 and $9.65, surrounding the analyst consensus of $9.52.
The guidance provided by J.M. Smucker for FY24 is closely aligned with analyst expectations, indicating a potential stability in the company's financial outlook. This alignment suggests that there may not be significant short-term price movement as the market has likely already priced in these expectations. However, the confirmation of expected performance could reinforce investor confidence in the company's management and strategic direction.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100