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

Scotts Miracle-Gro

03/05/2023 14:31

* Scotts Miracle-Gro Co  SMG.N  reported quarterly adjusted
earnings of $3.78​​ per share for the quarter ended in March.
The mean expectation of nine analysts for the quarter was
for earnings of $3.46 per share.
    * Revenue fell 8.8% to $1.53 billion from a year ago;
analysts
expected $1.61 billion. 
    * Scotts Miracle-Gro Co's reported EPS for the quarter was
$1.94​.
    * The mean earnings estimate of analysts had fallen by
about 3.5%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Scotts Miracle-Gro Co shares had fallen by 0.6% this
quarter and
gained 42.7% so far this year.
    * The company reported quarterly net income of $109.4
million.
    * Wall Street's median 12-month price target for Scotts
Miracle-Gro Co is $80.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 6
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data May
3 at 01:31 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Jun. 30 2022      1.72           1.98           Beat