Scotts Miracle-Gro (SMG) Reports Q1 Loss, Tops Revenue Estimates

Group 1 - Scotts Miracle-Gro reported a quarterly loss of $0.89 per share, better than the Zacks Consensus Estimate of a loss of $1.28, and an improvement from a loss of $1.45 per share a year ago, resulting in an earnings surprise of 30.47% [1] - The company posted revenues of $416.8 million for the quarter ended December 2024, exceeding the Zacks Consensus Estimate by 5.94%, and showing an increase from $410.4 million in the same quarter last year [2] - Scotts shares have increased approximately 14.2% since the beginning of the year, outperforming the S&P 500's gain of 3.2% [3] Group 2 - The current consensus EPS estimate for the upcoming quarter is $3.93 on revenues of $1.52 billion, and for the current fiscal year, it is $3.29 on revenues of $3.55 billion [7] - The Fertilizers industry, to which Scotts belongs, is currently ranked in the top 35% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] Group 3 - The estimate revisions trend for Scotts is mixed, leading to a Zacks Rank 3 (Hold), suggesting that the shares are expected to perform in line with the market in the near future [6] - Nutrien, another company in the same industry, is expected to report quarterly earnings of $0.33 per share, reflecting a year-over-year decline of 10.8%, with its revenue anticipated to be $5.23 billion, down 7.7% from the previous year [9][10]