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

Scotts Miracle-Gro

01/11/2023 13:32

* Scotts Miracle-Gro Co  SMG.N  reported a quarterly
adjusted loss
of $2.77​​ per share for the quarter ended in September, lower
than the same quarter last year, when the company reported EPS
of $-2.04.  The mean expectation of nine analysts for the
quarter was for a loss of $2.88 per share. Wall Street expected
results to range from $-3.03 to $-2.52 per share.
    * Revenue fell 24.1% to $374.50 million from a year ago;
analysts
expected $332.16 million. 
    * Scotts Miracle-Gro Co's reported EPS for the quarter was a
loss
of $8.33​.
    * The company reported a quarterly loss of $468.4 million.
    * Scotts Miracle-Gro Co shares had fallen by 14.0% this
quarter and lost 8.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 19%
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." 
    * Wall Street's median 12-month price target for Scotts
Miracle-Gro Co is $65.00 

This summary was machine generated from LSEG data November 1 at
01:31 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      -2.88          -2.77          Beat
 Jun. 30 2023      1.45           1.17           Missed
 Mar. 31 2023      3.46           3.78           Beat
 Dec. 31 2022      -1.39          -1.02          Beat