J.M. Smucker Beats Analyst Estimates on EPS
J.M. Smucker (NYS: SJM) reported earnings on June 7. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended April 30 (Q4), J.M. Smucker met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue increased and GAAP earnings per share increased.
Margins dropped across the board.
J.M. Smucker recorded revenue of $1.36 billion. The 11 analysts polled by S&P Capital IQ expected revenue of $1.35 billion on the same basis. GAAP reported sales were 14% higher than the prior-year quarter's $1.19 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $1.10. The 14 earnings estimates compiled by S&P Capital IQ predicted $0.99 per share. GAAP EPS of $0.93 for Q4 were 15% higher than the prior-year quarter's $0.81 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 33.2%, 360 basis points worse than the prior-year quarter. Operating margin was 15.6%, 130 basis points worse than the prior-year quarter. Net margin was 7.7%, 30 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $1.28 billion. On the bottom line, the average EPS estimate is $1.04.
Next year's average estimate for revenue is $5.84 billion. The average EPS estimate is $5.21.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 455 members out of 478 rating the stock outperform, and 23 members rating it underperform. Among 155 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 146 give J.M. Smucker a green thumbs-up, and nine give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on J.M. Smucker is outperform, with an average price target of $82.58.
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At the time this article was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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