SJM - J. M. Smucker Q3 2022 Earnings Preview
J. M. Smucker (NYSE:SJM) is scheduled to announce Q3 earnings results on Tuesday, March 1st, before market open. The consensus EPS Estimate is $2.08 (-15.1% Y/Y) and the consensus Revenue Estimate is $2.04B (-1.9% Y/Y). In December, J.M. Smucker entered deals to sell its natural and organic beverage and grains businesses and its private label dry pet food business. It will get ~$110M in cash from Nexus Capital Management for its natural and organic beverage and grains businesses. The dry pet food business will be divested in a cash transaction valued at ~$33M. Over the last 2 years, SJM has beaten EPS estimates 100% of the time and has beaten revenue estimates 88% of the time. Over the last 3 months, EPS estimates have seen 4 upward revisions and 4 downward. Revenue estimates have seen 2 upward revisions and 7 downward.
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J. M. Smucker Q3 2022 Earnings Preview