Scotts Miracle-Gro Co expected to post earnings of $1.45 a share - Earnings Preview

Scotts Miracle-Gro

31/07/2023 19:35

* Scotts Miracle-Gro Co  SMG.N   SMG  is expected to show a
fall
in quarterly revenue when it reports  results on August 2. 
    * The Marysville Ohio-based  company is expected to report 
a
2.4% decrease in revenue to $1.157 billion from $1.19 billion 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 earnings of $1.45 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 5
"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 $75​, above​ its last closing price of $70.68.
​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  3.41        3.46       3.78      Beat    9.4
 Dec. 31 2023  -1.45       -1.39      -1.02     Beat    26.4
 Sep. 30 2022  -1.97       -1.97      -2.04     Missed  -3.4​
 Jun. 30 2022  1.75        1.72       1.98      Beat    14.9
 ​​Mar.        4.66        4.75       5.03      Beat    5.8
 31 2022                                                
 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. 30 2021  3.52        3.44       3.98      Beat    15.8
 This summary was machine generated July 31 at 18:35 GMT.  All
figures in US dollars  unless otherwise stated