Smucker (SJM) Q3 Earnings Surpass Estimates

Core Insights - Smucker (SJM) reported quarterly earnings of $2.61 per share, exceeding the Zacks Consensus Estimate of $2.37 per share, and showing an increase from $2.48 per share a year ago, resulting in an earnings surprise of 10.13% [1] - The company posted revenues of $2.19 billion for the quarter ended January 2025, which was below the Zacks Consensus Estimate by 1.59% and a decrease from $2.23 billion year-over-year [2] - Smucker has surpassed consensus EPS estimates in all four of the last quarters, but has only topped revenue estimates once in the same period [2] Earnings Outlook - The future performance of Smucker's stock will largely depend on management's commentary during the earnings call and the trends in earnings estimate revisions [3][4] - The current consensus EPS estimate for the upcoming quarter is $2.31 on revenues of $2.21 billion, while for the current fiscal year, the estimate is $9.88 on revenues of $8.82 billion [7] Industry Context - The Zacks Industry Rank indicates that the Food - Miscellaneous sector is currently in the bottom 31% of over 250 Zacks industries, suggesting potential challenges for stocks in this category [8] - United Natural Foods (UNFI), a peer in the same industry, is expected to report quarterly earnings of $0.18 per share, reflecting a year-over-year increase of 157.1%, with revenues projected at $7.96 billion, up 2.3% from the previous year [9][10]