Smucker (SJM) reported $2.13 billion in revenue for the quarter ended July 2024, representing a year-over-year increase of 17.7%. EPS of $2.44 for the same period compares to $2.21 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $2.13 billion, representing a surprise of -0.42%. The company delivered an EPS surprise of +11.93%, with the consensus EPS estimate being $2.18. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street ...

Smucker (SJM) came out with quarterly earnings of $2.44 per share, beating the Zacks Consensus Estimate of $2.18 per share. This compares to earnings of $2.21 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 11.93%. A quarter ago, it was expected that this food maker would post earnings of $2.32 per share when it actually produced earnings of $2.66, delivering a surprise of 14.66%. Over the last four quarters, the company has s ...

ORRVILLE, Ohio, Aug. 28, 2024 /PRNewswire/ -- The J.M. Smucker Co. (NYSE: SJM) today announced results for the first quarter ended July 31, 2024, of its 2025 fiscal year. Financial results for the first quarter of fiscal year 2025 reflect the divestiture of the Canada condiment business on January 2, 2024, acquisition of Hostess Brands, Inc. ("Hostess Brands") on November 7, 2023, and divestiture of the Sahale Snacks® business on November 1, 2023. All comparisons are to the first quarter of the prior fiscal ...

The J. M. Smucker Company (SJM) is likely to register top-line growth when it reports first-quarter fiscal 2025 earnings on Aug 28. The Zacks Consensus Estimate for revenues is pegged at $2.1 billion, which indicates an increase of 18.2% from the prior-year quarter's reported figure. However, the bottom line is likely to decline 1.4% year over year in the fiscal first quarter. The consensus mark for quarterly earnings has moved down by a penny in the past 30 days to $2.18 per share. SJM has a trailing four- ...

The upcoming report from Smucker (SJM) is expected to reveal quarterly earnings of $2.18 per share, indicating a decline of 1.4% compared to the year-ago period. Analysts forecast revenues of $2.13 billion, representing an increase of 18.2% year over year. The consensus EPS estimate for the quarter has been revised 0.8% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe. Before a comp ...

Core Viewpoint - Smucker (SJM) is anticipated to report a year-over-year decline in earnings despite an increase in revenues for the quarter ending July 2024, with actual results being a significant factor influencing its near-term stock price [1][2]. Earnings Expectations - The upcoming earnings report is scheduled for August 28, 2024, with expectations that better-than-expected results could drive the stock price higher, while disappointing results may lead to a decline [2]. - The consensus estimate for quarterly earnings is $2.18 per share, reflecting a year-over-year decrease of 1.4%, while revenues are projected to be $2.13 billion, an increase of 18.2% from the previous year [3]. Estimate Revisions - Over the last 30 days, the consensus EPS estimate has been revised down by 0.78%, indicating a reassessment by analysts regarding the company's earnings outlook [4]. - The Zacks Earnings ESP (Expected Surprise Prediction) model suggests that recent estimate revisions provide insights into the business conditions leading up to the earnings release [5][6]. Earnings Surprise Potential - For Smucker, the Most Accurate Estimate exceeds the Zacks Consensus Estimate, resulting in a positive Earnings ESP of +1.89%, indicating a likelihood of beating the consensus EPS estimate [10]. - The company has a Zacks Rank of 3, which, when combined with the positive Earnings ESP, suggests a favorable outlook for an earnings beat [10]. Historical Performance - Smucker has consistently outperformed consensus EPS estimates, achieving earnings surprises in the last four quarters, including a notable surprise of +14.66% in the most recent quarter [11][12]. Conclusion - While Smucker is positioned as a strong candidate for an earnings beat, it is essential to consider other factors that may influence stock performance beyond just the earnings results [13][15].

The J.M. Smucker Co. (SJM) underlined its robust financial health and commitment to shareholders by announcing a 2% hike in its quarterly dividend. The new dividend payout stands at $1.08 per share, up from $1.06. The hiked dividend will be paid on Sep 3, 2024, to shareholders of record as of Aug 16, 2024. Management continues its dedication to delivering value to shareholders, marking the 23rd consecutive fiscal year of increasing dividends. Such consistent increases underscore the company's stable and rel ...

Core Viewpoint - The J.M. Smucker Co. has announced a 2% increase in its quarterly dividend, raising it from $1.06 to $1.08 per common share, marking the 23rd consecutive fiscal year of dividend growth [1]. Dividend Announcement - The Board of Directors approved the increase in the quarterly dividend [1] - The next dividend payment is scheduled for September 3, 2024, to shareholders of record as of August 16, 2024 [1]. - This increase reflects the company's commitment to returning value to shareholders [1]. Company Overview - The J.M. Smucker Co. owns a diverse portfolio of brands in the food industry, including coffee, peanut butter, fruit spreads, and pet food [5]. - The company emphasizes its commitment to quality products and ethical operations [5].

Freshpet, Inc. (FRPT) , a pet food company, has a trailing four-quarter earnings surprise of 118.2%, on average. FRPT currently sports a Zacks Rank #1. The Zacks Consensus Estimate for Freshpet's current financial-year sales and earnings indicates growth of 24.8% and 177.1%, respectively, from the prior-year reported level. Utz Brands Inc. (UTZ) , which manufactures a diverse range of salty snacks, currently carries a Zacks Rank #2 (Buy). UTZ has a trailing four-quarter earnings surprise of 2%, on average. ...

New business awarded includes supporting headquarter sales, retail merchandising, and digital commerce across the U.S. grocery and retail channel JACKSONVILLE, Fla., July 10, 2024 /PRNewswire/ -- Acosta Group, a leading sales and marketing agency collective, announced today the expansion of its engagement with The J.M. Smucker Company (NYSE: SJM) to include a complete North American solution for headquarter sales, retail merchandising, and digital commerce. This appointment by Smucker is based on Acosta Gro ...