Smucker (SJM) Soars 3.4%: Is Further Upside Left in the Stock?

This food maker is expected to post quarterly earnings of $2.32 per share in its upcoming report, which represents a year-over-year change of -12.1%. Revenues are expected to be $2.25 billion, up 0.5% from the year-ago quarter. Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements. For Smucker, the consensus EPS estimate for ...