Scotts Miracle-Gro Co expected to post a loss of $1.53 a share - Earnings Preview

Scotts Miracle-Gro

05/02/2024 14:31

* Scotts Miracle-Gro Co  SMG.N   SMG  is expected to show a
fall
in quarterly revenue when it reports  results on February 7 for
the period ending December 31 2023
    * The Marysville Ohio-based  company is expected to report a
21.6% decrease in revenue to $412.826 million from $526.6
million a year ago, according to the mean estimate from 7
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Scotts Miracle-Gro Co is
for a
loss of $1.53 per share. 
    * 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 mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Scotts
Miracle-Gro Co is $70.00​, above​ its last closing price
of $57.44. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  -2.88       -2.88      -2.77     Beat    3.9
 Jun. 30 2023  1.47        1.45       1.17      Missed  -19.2
 Mar. 31 2023  3.41        3.46       3.78      Beat    9.4​
 Dec. 31 2022  -1.45       -1.39      -1.02     Beat    26.4
 ​​Sep.        -1.97       -1.97      -2.04     Missed  -3.4
 30 2022                                                
 Jun. 30 2022  1.75        1.72       1.98      Beat    14.9​
 Mar. 31 2022  4.66        4.75       5.03      Beat    5.8
 Dec. 31 2021  -0.73       -0.73      -0.88     Missed  -21.1
 This summary was machine generated February 5 at 14:31 GMT.  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)