For its third fiscal quarter (ending January 31), The J M Smucker Company (NYSE: SJM) has reported a -42% decline in E.P.S. from $1.96 a year ago to $1.14 in the current quarter. Relative to the consensus estimate of $2.27, this was a shortfall of $-1.13. For the latest four quarters through January 31, E.P.S. were $-0.87 compared to $6.66 a year ago — a decline of -113%.
Recent Price Action
On 2/27/24, The J M Smucker Company (NYSE: SJM) stock declined by -2.1%, closing at $122.64. Moreover, trading volume in this decline was exceptionally high at 284% of normal. Relative to the market the stock has been weak over the last nine months and has declined -1.2% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, SJM is expected to continue to be a major Value Builder.
J M Smucker has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. J M Smucker has a slightly negative Power Rating of 39 and a slightly negative Appreciation Score of 38, resulting in the Negative Value Trend Rating.
Rating Review
In light of this discouraging new earnings information and negative market action we are reviewing our current Overall Rating of D. We would continue to view the shares with caution pending completion of this review in the next several days.
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