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

Scotts Miracle-Gro

01/05/2024 14:32

* Scotts Miracle-Gro Co  SMG.N  reported quarterly adjusted
earnings of $3.69​​ per share for the quarter ended in March,
lower than the same quarter last year, when the company reported
EPS of $3.78.  The mean expectation of nine analysts for the
quarter was for earnings of $3.40 per share. Wall Street
expected results to range from $3.08  to $3.75 per share.
    * Revenue fell 0.4% to $1.53 billion from a year ago;
analysts
expected $1.50 billion. 
    * Scotts Miracle-Gro Co's reported EPS for the quarter was
$2.74​.
    * The company reported quarterly net income of $157.5
million.
    * Scotts Miracle-Gro Co shares had fallen by 8.1% this
quarter and
gained 7.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 8.1%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 6
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the agricultural
chemicals peer group is  "hold."

Wall Street's median 12-month price target for Scotts
Miracle-Gro Co is $75.00 
This summary was machine generated from LSEG data May 1 at 01:32
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
 Mar. 31 2024      3.40           3.69           Beat
 Dec. 31 2023      -1.53          -1.45          Beat
 Sep. 30 2023      -2.88          -2.77          Beat
 Jun. 30 2023      1.45           1.17           Missed