J M Smucker Co reports results for the quarter ended April 30 - Earnings Summary

• J M Smucker Co SJM.N reported quarterly adjusted earnings of $2.31​​ per share for the quarter ended April 30, lower than the same quarter last year, when the company reported EPS of $2.66. The mean expectation of seventeen analysts for the quarter was for earnings of $2.24 per share. Wall Street expected results to range from $2.16 to $2.35 per share.

• Revenue fell 2.8% to $2.14 billion from a year ago; analysts expected $2.18 billion.

• J M Smucker Co's reported EPS for the quarter was a loss of $6.85​.

• The company reported a quarterly loss of $729 million.

• J M Smucker Co shares had fallen by 5.5% this quarter and gained 1.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 0.1% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 5 "strong buy" or "buy," 14 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the food processing peer group is also "hold"

• Wall Street's median 12-month price target for J M Smucker Co is $121.00

This summary was machine generated from LSEG data June 10 at 01:31 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)