JM Smucker (NYSE:SJM) reported its Q1 earnings results on Tuesday, August 23, 2022 at 07:00 AM.
Here’s what investors need to know about the announcement.
Earnings
JM Smucker beat estimated earnings by 31.5%, reporting an EPS of $1.67 versus an estimate of $1.27.
Revenue was up $15.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.35 which was followed by a 2.2% drop in the share price the next day.
Here’s a look at JM Smucker’s past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | 1.88 | 2.09 | 2.04 | 1.84 |
| EPS Actual | 2.23 | 2.33 | 2.43 | 1.90 |
| Revenue Estimate | 1.98B | 2.04B | 1.95B | 1.77B |
| Revenue Actual | 2.03B | 2.06B | 2.05B | 1.86B |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
JM Smucker management provided guidance for FY 2023, expecting earnings between $8.2 and $8.6 per share.
To track all earnings releases for JM Smucker visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
