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

S&P 500 (NYSE:SPY) component The J.M. Smucker Company (NYSE:SJM) will unveil its latest earnings on Thursday, February 16, 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 estimate of analysts is for net income of $1.41 per share, a rise of 11% 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 $1.46. Between one and three months ago, the average estimate moved down. It has been unchanged at $1.41 during the last month. Analysts are projecting profit to rise by 7.2% versus last year to $5.03.

Past Earnings Performance: Last quarter, the company missed estimates by 10 cents, coming in at profit of $1.29 per share versus a mean estimate of net income of $1.39 per share. In the first quarter, the company beat estimates by 4 cents.

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Wall St. Revenue Expectations: Analysts predict a rise of 17.6% in revenue from the year-earlier quarter to $1.54 billion.

Analyst Ratings: Analysts seem relatively indifferent about J.M. Smucker Company with eight of 14 analysts surveyed maintaining a hold rating.

A Look Back: In the second quarter, profit fell 15% to $127.2 million ($1.12 a share) from $149.7 million ($1.25 a share) the year earlier, missing analyst expectations. Revenue rose 18.4% to $1.51 billion from $1.28 billion.

Key Stats:

For four quarters in a row, revenue has increased. Revenue rose 13.5% in the first quarter from the year earlier, climbed 11% in the fourth quarter of the last fiscal year from the year-ago quarter and 8.8% in the third quarter of the last fiscal year.

The decrease in profit in the second quarter came after net income rose in the previous quarter. In the first quarter, net income rose 8.4%.

Stock Price Performance: Between November 14, 2011 and February 10, 2012, the stock price rose $3.35 (4.4%), from $75.49 to $78.84. The stock price saw one of its best stretches over the last year between February 14, 2011 and February 28, 2011, when shares rose for 10 straight days, increasing 9.5% (+$5.85) 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, dropping 5.8% (-$4.55) over that span.

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

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com