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

S&P 500 (NYSE:SPY) component The J.M. Smucker Company (NYSE:SJM) will unveil its latest earnings on Thursday, June 7, 2012. J. M. Smucker 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 analyst estimate is for net income of 99 cents per share, a decline of 1% from the company’s actual earnings for the year-ago quarter. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged. It also has not changed during the last month. For the year, analysts are projecting profit of $4.69 per share, no change from last year.

Past Earnings Performance: The company is looking to top analyst estimates this quarter after trailing for the two previous quarters. Last quarter, it missed estimates by reporting net income of $1.22 per share against an estimate of profit of $1.41 per share. The quarter before that, it missed expectations by 10 cents.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 13.4% in revenue from the year-earlier quarter to $1.35 billion.

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

A Look Back: In the third quarter, profit fell 11.5% to $116.8 million ($1.03 a share) from $132 million ($1.11 a share) the year earlier, missing analyst expectations. Revenue rose 11.8% to $1.47 billion from $1.31 billion.

Key Stats: On the top line, the company is looking to build on three-straight revenue increases heading into this earnings announcement. Revenue increased 13.5% in the first quarter and 18.4% in the second quarter before climbing again in the third quarter.

Competitors to Watch: TreeHouse Foods Inc., Ralcorp Holdings, Inc., The Hain Celestial Group, Inc., General Mills, Inc., ConAgra Foods, Inc., B&G Foods, Inc., Farmer Brothers Co., Lancaster Colony Corp., Green Mountain Coffee Roasters Inc., and H.J. Heinz Company.

Stock Price Performance: Between April 4, 2012 and June 1, 2012, the stock price had fallen $5.81 (-7.2%), from $80.63 to $74.82. The stock price saw one of its best stretches over the last year between March 14, 2012 and April 2, 2012, when shares rose for 14 straight days, increasing 7.2% (+$5.42) over that span. It saw one of its worst periods between April 2, 2012 and April 16, 2012 when shares fell for 10 straight days, dropping 3.2% (-$2.62) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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