The J.M. Smucker Company First Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component The J.M. Smucker Company (NYSE:SJM) will unveil its latest earnings on Thursday, August 18, 2011. The J. M. Smucker Company manufactures and markets branded food products on a worldwide basis.

The J.M. Smucker Company Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of $1.08 per share, a rise of 3.8% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from $1.07. Between one and three months ago, the average estimate moved up, but it has been unchanged at $1.08 during the last month. For the year, analysts are projecting net income of $5.13 per share, a rise of 9.4% from last year.

Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 2 cents, reporting profit of $1 per share against a mean estimate of net income of 98 cents per share.

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Wall St. Revenue Expectations: On average, analysts predict $1.25 billion in revenue this quarter, a rise of 19% from the year ago quarter. Analysts are forecasting total revenue of $5.72 billion for the year, a rise of 18.4% from last year’s revenue of $4.83 billion.

Analyst Ratings: Analysts seem relatively indifferent about J.M. Smucker Company with seven of 13 analysts surveyed maintaining a hold rating.

Key Stats:

The company has now seen net income fall in each of the last two quarters. In the fourth quarter of the last fiscal year, net income fell 21.3% from the year earlier quarter, while the figure dropped 2.6% in the third quarter of the last fiscal year.

Revenue has now gone up for three straight quarters. In fourth quarter of the last fiscal year, revenue rose 11% to $1.19 billion while the figure rose 8.8% in the third quarter of the last fiscal year from the year earlier and 0% in the second quarter of the last fiscal year.

Competitors to Watch: TreeHouse Foods Inc. (NYSE:THS), Ralcorp Holdings, Inc. (NYSE:RAH), The Hain Celestial Group, Inc. (NASDAQ:HAIN), General Mills, Inc. (NYSE:GIS), ConAgra Foods, Inc. (NYSE:CAG), B&G Foods, Inc. (NYSE:BGS), Farmer Brothers Co. (NASDAQ:FARM), Lancaster Colony Corp. (NASDAQ:LANC), Green Mountain Coffee Roasters Inc. (NASDAQ:GMCR), Kellogg (NYSE:K), Kraft (NYSE:KFT), Pepsico (NYSE:PEP) and H.J. Heinz Company (NYSE:HNZ).

Stock Price Performance: During August 8, 2011 to August 12, 2011, the stock price had risen $4.82 (6.9%) from $70.01 to $74.83. The stock price saw one of its best stretches over the last year between February 10, 2011 and February 28, 2011 when shares rose for 12-straight days, rising 10.1% (+$6.24) over that span. It saw one of its worst periods between July 22, 2011 and August 2, 2011 when shares fell for eight-straight days, falling 5.8% (-$4.60) over that span. Shares are up $10.45 (+16.2%) year to date.

(Source: Xignite Financials)

Investing Insights: Steve Jobs Prepares to Deliver a New Catalyst for Apple’s Stock.

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