Scotts Miracle-Gro Co reports results for the quarter ended in December - Earnings Summary

Scotts Miracle-Gro

07/02/2024 14:45

* Scotts Miracle-Gro Co  SMG.N  reported a quarterly
adjusted loss
of $1.45​​ per share for the quarter ended in December, lower
than the same quarter last year, when the company reported EPS
of $-1.02.  The mean expectation of nine analysts for the
quarter was for a loss of $1.53 per share. Wall Street expected
results to range from $-1.94 to $-1.21 per share.
    * Revenue fell 22.1% to $410.40 million from a year ago;
analysts
expected $412.83 million. 
    * Scotts Miracle-Gro Co's reported EPS for the quarter was a
loss
of $1.42​.
    * The company reported a quarterly loss of $80.5 million.
    * Scotts Miracle-Gro Co shares had fallen by 13.5% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 10.1%
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 "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 also "buy"

Wall Street's median 12-month price target for Scotts
Miracle-Gro Co is $70.00 
This summary was machine generated from LSEG data February 7 at
02:45 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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      -1.53          -1.45          Beat
 Sep. 30 2023      -2.88          -2.77          Beat
 Jun. 30 2023      1.45           1.17           Missed
 Mar. 31 2023      3.46           3.78           Beat