The Scotts Miracle-Gro Co (NYSE: SMG) has reported E.P.S. of $2.77 for its second fiscal quarter (ending March 31) versus $1.95 for the same period a year ago — an increase of 42%. However, this result fell short of the consensus estimate of $3.87 by $-1.10. For the latest four quarters through March 31, E.P.S. were $-6.19 versus $-11.18 for the same period a year ago.
Recent Price Action
The Scotts Miracle-Gro Co (NYSE: SMG) stock closed at $68.24 on 5/1/24 after a slight decline of -0.4%. Moreover, trading volume in this decline was exceptionally high at 218% of normal. The stock is unchanged during the last week but has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
SMG’s future returns on capital are forecasted to be below the cost of capital. Accordingly, the company is expected to be a major Value Eraser.
Scotts Miracle-Gro is currently unrated.
Rating Review
The stock is currently unrated.
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