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.
Companies Reporting Before The Bell
• Regis (NYSE:RGS) is estimated to report earnings for its fourth quarter.
• Jianpu Technology (NYSE:JT) is likely to report earnings for its second quarter.
The second-quarter reporting season is winding down at the end of this week. Earnings growth of S&P 500 companies slowed to a mid-single-digit range, but this shouldn’t come as a surprise, given the multiple headwinds companies faced during the quarter.
Shares of JM Smucker Co (NYSE: SJM) have lagged the packaged food peers year-to-date, and this gap is likely to close as the company executes on its fiscal 2023 outlook, according to BofA Securities.
Wedbush raised the price target on Apple Inc. (NASDAQ: AAPL) from $200 to $220. However, Wedbush analyst Daniel Ives maintained the stock with an Outperform. Apple shares fell 0.2% to $172.69 in pre-market trading.