Earnings Alerts

J.M. Smucker Co (SJM) Earnings: FY Adjusted EPS Forecast Boosted Amid Strong Q2 Performance

By November 26, 2024 No Comments
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  • J M Smucker increased its fiscal year adjusted EPS forecast to a range of $9.70 to $10.10, up from the prior range of $9.60 to $10.
  • The adjusted earnings per share (EPS) for the second quarter reached $2.76, surpassing both last year’s $2.59 and the estimate of $2.51.
  • Net sales for the second quarter were $2.27 billion, marking a 17% increase year-over-year and exceeding the estimate of $2.26 billion.
  • US Retail Coffee segment net sales were $704.0 million, up 2.7% year-over-year, slightly above the estimate of $697.1 million.
  • US Retail Pet Foods segment saw a 4% decline in net sales to $445.4 million, yet it surpassed the estimate of $431.6 million.
  • US Retail Consumer Foods net sales grew by 4.5% to $485.2 million, exceeding the estimate of $480.6 million.
  • International and Away From Home net sales totaled $321.1 million, a 1.1% year-over-year decrease, but slightly above the estimate of $319.9 million.
  • Adjusted operating income increased by 27% year-over-year to $490.6 million, beating the estimate of $453.1 million.
  • Free cash flow significantly rose to $317.2 million compared to $28.2 million last year, surpassing the projected $245.1 million.
  • The company expects that the impact on its fiscal 2025 EPS guidance will be minimal considering the use of proceeds.
  • Market analyst recommendations include 6 buys, 11 holds, and 2 sells.

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Jm Smucker Co on Smartkarma

Analysts on Smartkarma, such as Baptista Research, are closely watching J.M. Smucker Company’s moves in the market. In a report titled “The J. M. Smucker Company: Expansion into Sweet Baked Snacks and Pet Co-manufacturing Sales Catalyzing Growth? – Major Drivers,” Baptista Research highlighted the company’s strategic growth initiatives amidst operational challenges. The research dives into the factors impacting the company’s stock price and offers an independent valuation using a Discounted Cash Flow (DCF) methodology.

Furthermore, Baptista Research‘s report “The J. M. Smucker Company: These Are The 4 Fundamental Factors Driving Its Performance! – Financial Forecasts” sheds light on how J.M. Smucker Company is navigating the market uncertainties. The research outlines the company’s cautious yet structured approach to expansion, focusing on key growth areas while addressing ongoing market volatilities, especially in the coffee segment. Analysts are keen on evaluating the fundamental factors influencing the company’s performance and providing financial forecasts to guide investors in their decision-making.


A look at Jm Smucker Co Smart Scores

FactorScoreMagnitude
Value4
Dividend4
Growth3
Resilience2
Momentum3
OVERALL SMART SCORE3.2

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Based on the Smartkarma Smart Scores, JM Smucker Co is positioned well for the long term. With high scores in Value and Dividend, the company is demonstrating solid financial health and commitment to rewarding shareholders. Although Growth and Momentum scores are slightly lower, JM Smucker Co’s resilience in the face of challenges is a key factor to consider in its outlook. Overall, the company’s diverse product portfolio and global market presence provide a strong foundation for future performance.

The JM Smucker Company, a global food products manufacturer, has received positive Smartkarma Smart Scores across key factors such as Value and Dividend. While Growth and Momentum scores are average, the company’s resilience in the market stands out as a notable strength. Offering a wide range of food products including peanut butter, fruit spreads, beverages, and condiments, JM Smucker Co is well-positioned to navigate market fluctuations and deliver value to investors over the long term.

### The JM Smucker Company manufactures and markets food products on a worldwide basis. The Company’s principal products include peanut butter, shortening and oils, fruit spreads, canned milk, baking mixes and ready-to-spread frostings, flour and baking ingredients, juices and beverages, frozen sandwiches, dessert toppings, syrups, pickles and condiments, and potato side dishes. ###


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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