Can Scotts Miracle-Gro Meet These Numbers?
Scotts Miracle-Gro (NYS: SMG) is expected to report Q2 earnings on May 6. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Scotts Miracle-Gro's revenues will drop -3.4% and EPS will compress -6.5%.
The average estimate for revenue is $1.13 billion. On the bottom line, the average EPS estimate is $2.01.
Last quarter, Scotts Miracle-Gro booked revenue of $205.8 million. GAAP reported sales were 3.1% higher than the prior-year quarter's $199.6 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at -$1.12. GAAP EPS were -$1.10 for Q1 compared to -$1.21 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 15.1%, 230 basis points better than the prior-year quarter. Operating margin was -42.6%, 570 basis points better than the prior-year quarter. Net margin was -32.9%, 410 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $2.89 billion. The average EPS estimate is $2.63.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 218 members out of 245 rating the stock outperform, and 27 members rating it underperform. Among 88 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 82 give Scotts Miracle-Gro a green thumbs-up, and six give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Scotts Miracle-Gro is hold, with an average price target of $43.80.
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The article Can Scotts Miracle-Gro Meet These Numbers? originally appeared on Fool.com.
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. The Motley Fool recommends The Scotts Miracle-Gro Company. 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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