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

Scotts Miracle-Gro

02/08/2023 14:33

* Scotts Miracle-Gro Co  SMG.N  reported quarterly adjusted
earnings of $1.17​​ per share for the quarter ended in June. The
mean expectation of nine analysts for the quarter was
for earnings of $1.45 per share.
    * Revenue fell 5.7% to $1.12 billion from a year ago;
analysts
expected $1.16 billion. 
    * Scotts Miracle-Gro Co's reported EPS for the quarter was
77
cents​.
    * The mean earnings estimate of analysts had fallen by
about 18.9%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates 
    * Scotts Miracle-Gro Co shares had risen by 14.0% this
quarter and
gained 47.0% so far this year.
    * The company reported quarterly net income of $43.7
million.
    * Wall Street's median 12-month price target for Scotts
Miracle-Gro Co is $75.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
August 2 at 01:33 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      1.45           1.17           Missed
 Mar. 31 2023      3.46           3.78           Beat
 Dec. 31 2022      -1.39          -1.02          Beat
 Sep. 30 2022      -1.97          -2.04          Missed