Scotts Miracle-Gro Co expected to post a loss of $1.97 a share - Earnings Preview

Scotts Miracle-Gro

31/10/2022 18:31

* Scotts Miracle-Gro Co  SMG.N   SMG  is expected to show a
fall
in quarterly revenue when it reports  results on November 2. 
    * The Marysville Ohio-based  company is expected to report 
a
29.5% decrease in revenue to $519.87 million from $737.8 million
a year ago, according to the mean estimate from 7 analysts,
based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Scotts Miracle-Gro
Co is
for a loss of $1.97 per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 8
"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 $82.5​, above​ its last closing price
of $48.00. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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​
 Sep. 30 2021  -0.84       -0.84      -0.82     Beat    2.4
 ​​Jun.        3.52        3.44       3.98      Beat    15.8
 30 2021                                                
 Mar. 31 2021  5.45        5.42       5.64      Beat    4.1​
 Dec. 31 2020  -0.77       -0.76      0.39      Beat    151
 Sep. 30 2020  0.18        0.10       0.06      Missed  -36.8
 This summary was machine generated October 31 at 18:31 GMT.  All
figures in US dollars  unless otherwise stated