JM Smucker Q4 Adj $2.66 Beats $2.33 Estimate, Sales $2.21B Miss $2.24B Estimate
Portfolio Pulse from Benzinga Newsdesk
JM Smucker (NYSE:SJM) reported Q4 earnings of $2.66 per share, beating the analyst estimate of $2.33. However, sales of $2.21 billion missed the $2.24 billion estimate.
June 06, 2024 | 11:04 am
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JM Smucker reported Q4 earnings of $2.66 per share, beating the analyst estimate of $2.33. However, sales of $2.21 billion missed the $2.24 billion estimate. This mixed result may lead to short-term volatility in the stock price.
The earnings beat is a positive sign, but the sales miss could offset this, leading to mixed investor sentiment and potential short-term volatility in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100