Scotts Miracle-Gro Co reports results for the quarter ended June 30 - Earnings Summary

• Scotts Miracle-Gro Co SMG.N reported quarterly adjusted earnings of $2.59​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of $2.31. The mean expectation of eight analysts for the quarter was for earnings of $2.27 per share. Wall Street expected results to range from $1.92 to $2.55 per share.

• Revenue fell 1.2% to $1.19 billion from a year ago; analysts expected $1.23 billion.

• Scotts Miracle-Gro Co's reported EPS for the quarter was $2.54​.

• The company reported quarterly net income of $149.1 million.

• Scotts Miracle-Gro Co shares had risen by 2.9% this quarter and gained 2.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 2.6% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy," 4 "hold" and no "sell" or "strong sell." The average consensus recommendation for the agricultural chemicals peer group is "hold."

• Wall Street's median 12-month price target for Scotts Miracle-Gro Co is $75.00, about 9.5% above its last closing price of $67.86

This summary was machine generated from LSEG data July 30 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)