Will Scotts Miracle-Gro Beat These Analyst Estimates?
Scotts Miracle-Gro (NYS: SMG) is expected to report Q3 earnings on Aug. 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 grow 10.1% and EPS will increase 51.9%.
The average estimate for revenue is $1.17 billion. On the bottom line, the average EPS estimate is $2.43.
Last quarter, Scotts Miracle-Gro booked revenue of $1.02 billion. GAAP reported sales were 13% lower than the prior-year quarter's $1.17 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.
Last quarter, EPS came in at $1.60. GAAP EPS of $1.60 for Q2 were 22% lower than the prior-year quarter's $2.05 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.
For the preceding quarter, gross margin was 37.2%, 220 basis points worse than the prior-year quarter. Operating margin was 17.0%, 200 basis points worse than the prior-year quarter. Net margin was 9.8%, 110 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $2.82 billion. The average EPS estimate is $2.53.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 212 members out of 241 rating the stock outperform, and 29 members rating it underperform. Among 95 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 86 give Scotts Miracle-Gro 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 Scotts Miracle-Gro is hold, with an average price target of $44.50.
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The article Will Scotts Miracle-Gro Beat These Analyst Estimates? 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 Scotts Miracle-Gro. 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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