Scotts Miracle-Gro Beats on Both Top and Bottom Lines
Scotts Miracle-Gro (NYS: SMG) reported earnings on Feb. 6. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 29 (Q1), Scotts Miracle-Gro beat expectations on revenues and exceeded expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped slightly and GAAP loss per share shrank.
Margins grew across the board.
Scotts Miracle-Gro recorded revenue of $205.8 million. The nine analysts polled by S&P Capital IQ looked for revenue of $199.6 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.
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 -$1.12. The 11 earnings estimates compiled by S&P Capital IQ forecast -$1.13 per share. GAAP EPS were -$1.10 for Q1 versus -$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 quarter, gross margin was 15.1%, 340 basis points better than the prior-year quarter. Operating margin was -45.4%, 80 basis points better than the prior-year quarter. Net margin was -32.9%, 210 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $1.17 billion. On the bottom line, the average EPS estimate is $2.09.
Next year's average estimate for revenue is $2.88 billion. The average EPS estimate is $2.63.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 219 members out of 249 rating the stock outperform, and 30 members rating it underperform. Among 101 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 93 give Scotts Miracle-Gro a green thumbs-up, and eight 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 Scotts Miracle-Gro Beats on Both Top and Bottom Lines 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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