Scotts Miracle-Gro Co reports results for the quarter ended March 31 - Earnings Summary

• Scotts Miracle-Gro Co SMG.N reported quarterly adjusted earnings of $3.98​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of $3.69. The mean expectation of eight analysts for the quarter was for earnings of $3.95 per share. Wall Street expected results to range from $3.79 to $4.17 per share.

• Revenue fell 6.8% to $1.42 billion from a year ago; analysts expected $1.50 billion.

• Scotts Miracle-Gro Co's reported EPS for the quarter was $3.72​.

• The company reported quarterly net income of $217.5 million.

• Scotts Miracle-Gro Co shares had fallen by 2.5% this quarter and lost 19.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.8% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy," 3 "hold" and no "sell" or "strong sell." The average consensus recommendation for the agricultural chemicals peer group is also "buy"

• Wall Street's median 12-month price target for Scotts Miracle-Gro Co is $70.00

This summary was machine generated from LSEG data April 30 at 01:32 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)