The J.M. Smucker Company Second Quarter Earnings Cheat Sheet Sneak Peek

S&P 500 (NYSE:SPY) component The J.M. Smucker Company (NYSE:SJM) will unveil its latest earnings on Thursday, November 17, 2011. 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 estimate of analysts is for net income of $1.40 per share, a rise of 1.4% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from $1.44. Between one and three months ago, the average estimate moved down. It has been unchanged at $1.40 during the last month. Analysts are projecting profit to rise by 9.2% versus last year to $5.12.

Past Earnings Performance: Last quarter, the company beat estimates by 4 cents, coming in at profit of $1.12 a share versus the estimate of net income of $1.08 a share. It marked the fourth straight quarter of beating estimates.

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Wall St. Revenue Expectations: On average, analysts predict $1.49 billion in revenue this quarter, a rise of 16.4% from the year ago quarter. Analysts are forecasting total revenue of $5.61 billion for the year, a rise of 16.1% from last year’s revenue of $4.83 billion.

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

A Look Back: In the first quarter, profit rose 8.4% to $111.5 million (98 cents a share) from $102.9 million (86 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 13.5% to $1.19 billion from $1.05 billion.

Key Stats:

Revenue has risen the past four quarters. Revenue rose 11% in the fourth quarter of the last fiscal year from the year earlier, climbed 8.8% in the third quarter of the last fiscal year from the year-ago quarter and 0% in the second quarter of the last fiscal year.

The increase in profit in the first quarter broke a streak of two consecutive quarters of year-over-year profit decreases. The figure dropped 21.3% in the fourth quarter of the last fiscal year and 2.6% in the third 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), and H.J. Heinz Company (NYSE:HNZ).

Stock Price Performance: During August 18, 2011 to November 11, 2011, the stock price had risen $7.28 (10.5%) from $69.59 to $76.87. 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% (+$6.21) 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% (-$4.58) over that span. Shares are up $12.88 (+20.1%) year to date.

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

Investing Insights: Here’s Why Chipotle’s Stock Keeps Winning.

 

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