J. M. Smucker reported its quarterly earnings that surpassed analysts’ expectations.
The food manufacturing company’s earnings came in at $2.23 per share for the quarter, handily topping analysts’ consensus estimates of $1.88. The EPS was $1.89 in the prior year quarter.
Revenue grew +5.9% from the year-ago quarter to $2.03 billion, also surpassing analysts’ expectations of $1.98 billion.
J. M. Smucker updated its outlook for FY23 to the range $7.85-8.25 EPS, compared to the consensus earnings estimate of $8.91. The company’s revenue guidance is $8.28 billion-$8.36 billion, compared to the consensus estimate of $8.01 billion.
The Stochastic Oscillator for SJM moved into oversold territory on May 03, 2024. Be on the watch for the price uptrend or consolidation in the future. At that time, consider buying the stock or exploring call options.
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where SJM's RSI Oscillator exited the oversold zone, of 24 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for SJM just turned positive on April 22, 2024. Looking at past instances where SJM's MACD turned positive, the stock continued to rise in of 57 cases over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where SJM advanced for three days, in of 342 cases, the price rose further within the following month. The odds of a continued upward trend are .
SJM may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Momentum Indicator moved below the 0 level on May 03, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on SJM as a result. In of 101 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
SJM moved below its 50-day moving average on April 01, 2024 date and that indicates a change from an upward trend to a downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where SJM declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for SJM entered a downward trend on April 24, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.752) is normal, around the industry mean (8.292). P/E Ratio (22.422) is within average values for comparable stocks, (26.814). Projected Growth (PEG Ratio) (1.551) is also within normal values, averaging (2.471). Dividend Yield (0.034) settles around the average of (0.043) among similar stocks. P/S Ratio (1.581) is also within normal values, averaging (62.729).
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. SJM’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. SJM’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 79, placing this stock better than average.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a producer of fruit spreads, peanut butter and other food products
Industry FoodSpecialtyCandy