Unlocking Q2 Potential of Smucker (SJM): Exploring Wall Street Estimates for Key Metrics

Wall Street analysts expect Smucker (SJM) to post quarterly earnings of $2.50 per share in its upcoming report, which indicates a year-over-year decline of 3.5%. Revenues are expected to be $2.27 billion, up 16.9% from the year-ago quarter.The consensus EPS estimate for the quarter has been revised 0.8% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.That said, let's delve into the average estimates of some Smucker metrics that Wall Street analysts commonly model and monitor.Analysts' assessment points toward 'Net Sales- U.S. Retail Frozen Handheld and Spreads' reaching $487.38 million. The estimate points to a change of +5% from the year-ago quarter.The consensus among analysts is that 'Net Sales- U.S. Retail Coffee' will reach $694.99 million. The estimate indicates a year-over-year change of +1.4%.The combined assessment of analysts suggests that 'Net Sales- U.S. Retail Pet Foods' will likely reach $431.19 million. The estimate indicates a year-over-year change of -7.1%.Analysts forecast 'Net Sales- International and Away From Home' to reach $317.89 million. The estimate indicates a change of -2.1% from the prior-year quarter.It is projected by analysts that the 'Segment Profit- U.S. Retail Coffee' will reach $174.77 million. The estimate compares to the year-ago value of $171 million.Based on the collective assessment of analysts, 'Segment Profit- U.S. Retail Frozen Handheld and Spreads' should arrive at $114.24 million. The estimate is in contrast to the year-ago figure of $128.50 million.The collective assessment of analysts points to an estimated 'Segment Profit- International and Away From Home' of $64.74 million. The estimate compares to the year-ago value of $60.20 million.According to the collective judgment of analysts, 'Segment Profit- U.S. Retail Pet Foods' should come in at $110.88 million. The estimate is in contrast to the year-ago figure of $97.20 million.View all Key Company Metrics for Smucker here>>>Over the past month, Smucker shares have recorded returns of -4.8% versus the Zacks S&P 500 composite's +1% change. Based on its Zacks Rank #3 (Hold), SJM will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>Research Chief Names "Single Best Pick to Double"From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report The J. M. Smucker Company (SJM): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks