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 9, 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 analyst is estimating profit of 98 cents per share, a decline of 10.9% from the same quarter a year ago. Estimates range from net income of 91 cents per share to profit of $1.02 per share. The consensus estimate is the same as three months ago. For the year, analysts are projecting net income of $4.77 per share, a rise of 1.3% from last year.

Past Earnings Performance: The company has beaten estimates the last two quarters and is coming off a quarter where it topped the forecasts by one cent, reporting profit of $1.27 per share against a mean estimate of net income of $1.31. In the second quarter, the company exceeded forecasts by 7 cents with profit of $1.38 versus a mean estimate of net income of $1.31.

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Wall St. Revenue Expectations: On average, analysts predict $1.16 billion in revenue this quarter, a rise of 8.4% from the year ago quarter. Analysts are forecasting total revenue of $4.8 billion for the year, from last year’s revenue of $4.61 billion.

Analyst Ratings: Analysts seem relatively indifferent about The J.M. Smucker Company with seven of 13 analysts surveyed maintaining a hold rating. While the average rating for the stock remains a hold, the rating is on steadier footing than three months ago.

Key Stats:

Last quarter’s profit decrease breaks a streak of three consecutive quarters of year-over-year profit increases. Net income rose 7% in the third quarter of the last fiscal year from the year earlier while the figure rose 4.9% in the second quarter and 27.9% four quarters ago.

The company’s revenue has now risen for two straight quarters. In third quarter of the last fiscal year, revenue increased slightly to $1.31 billion from the year earlier quarter.

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), Kellogg (NYSE:K), Kraft Foods (NYSE:KFT), Farmer Brothers Co. (NASDAQ:FARM), Lancaster Colony Corp. (NASDAQ:LANC), Starbucks (NASDAQ:SBUX), Green Mountain Coffee Roasters Inc. (NASDAQ:GMCR), Campbell Soup (NYSE:CPB) and H.J. Heinz Company (NYSE:HNZ).

Recent Price Movement: Over the past three months, the stock price has risen $7.79 (11.1%) from $70.39 on March 9, 2011 to $78.18.

(Sources: YahooFinance and Xignite Financials)

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