J. M. Smucker (SJM, $128.21) beats analysts' expectations
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.
SJM in downward trend: price dove below 50-day moving average on May 18, 2023
SJM moved below its 50-day moving average on May 18, 2023 date and that indicates a change from an upward trend to a downward trend. In of 51 similar past instances, the stock price decreased further within the following month. The odds of a continued downward trend are .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on May 15, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on SJM as a result. In of 102 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for SJM turned negative on May 16, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 59 similar instances when the indicator turned negative. In of the 59 cases the stock turned lower in the days that followed. This puts the odds of success at .
The 10-day moving average for SJM crossed bearishly below the 50-day moving average on May 24, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 20 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
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 .
Bullish Trend Analysis
The RSI Indicator shows that the ticker has stayed in the oversold zone for 5 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an Uptrend is expected.
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 8 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where SJM advanced for three days, in of 362 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.
Fundamental Analysis (Ratings)
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 79, placing this stock better than average.
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 (1.859) is normal, around the industry mean (10.025). P/E Ratio (21.882) is within average values for comparable stocks, (34.816). SJM's Projected Growth (PEG Ratio) (4.609) is slightly higher than the industry average of (2.676). Dividend Yield (0.028) settles around the average of (0.057) among similar stocks. P/S Ratio (1.862) is also within normal values, averaging (7.242).
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. SJM’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
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 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.
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a producer of fruit spreads, peanut butter and other food products
Industry FoodSpecialtyCandy
SJM and
Correlation & Price change
A.I.dvisor indicates that over the last year, SJM has been closely correlated with CPB. These tickers have moved in lockstep 68% of the time. This A.I.-generated data suggests there is a high statistical probability that if SJM jumps, then CPB could also see price increases.
