JM Smucker Q1 Adj $2.44 Beats $2.17 Estimate, Sales $2.13B Inline
Portfolio Pulse from Benzinga Newsdesk
JM Smucker reported Q1 earnings of $2.44 per share, surpassing the analyst estimate of $2.17, and a 10.41% increase from last year. Sales were $2.13 billion, matching expectations and up 17.73% from the previous year.
August 28, 2024 | 11:05 am
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JM Smucker's Q1 earnings of $2.44 per share exceeded expectations, showing a 10.41% increase from last year. Sales were $2.13 billion, in line with estimates and up 17.73% year-over-year.
The positive earnings surprise and significant year-over-year growth in both earnings and sales are likely to boost investor confidence and positively impact the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100