J.M. Smucker Company (The) ($SJM) Stock Forecast: Down 5.3% Today

What is J.M. Smucker Company (The)?

J.M. Smucker Company (SJM) is a well-known American manufacturer of fruit spreads, ice cream toppings, beverages, shortening, peanut butter, and other products. SJM stock had a bearish movement today.

Why is J.M. Smucker Company (The) going down?

SJM stock is down 5.3% on Aug 28, 2024 16:43

• Strong Q1 earnings were reported by SJM with adjusted EPS surpassing estimates, while quarterly sales slightly fell short of expectations.
• Despite the positive earnings, SJM revised its FY25 outlook downwards, which impacted the market sentiment, leading to a bearish movement.
• The US market sentiment saw a slight decrease today, potentially contributing to the downward trend of SJM stock.
• Concerns from investors about the company's future revenue targets may have influenced the bearish movement in SJM stock.

SJM Price Chart

SJM Technical Analysis

SJM News

J.M. Smucker Cuts FY25 Outlook Following Q1 Earnings: Read Why

The J.M. Smucker Company (NYSE: SJM ) shares are trading lower on Wednesday. The company reported first-quarter adjusted earnings per share of $2.44 (+10% Y/Y), beating the analyst consensus estimate of $2.17. Quarterly sales of $2.125 billion (+18% Y/Y) slightly missed the Street view of $2.133 billion. “These results are driven by the focus we have established and progress we have made in delivering our core business, successfully integrating Hostess Brands, and achieving our goals for transformation, cost discipline, and cash generation,” said Mark Smucker, Chair of the Board, President and Chief Executive Officer. Also Read: Bath & Body Works’ Q2 EPS Manages To Beat, … Full story available on Benzinga.com

https://www.benzinga.com/news/earnings/24/08/40602246/j-m-smucker-cuts-fy25-outlook-following-q1-earnings-read-why

US markets set to open slightly lower

US markets are set to open slightly lower today with futures seeing the S&P 500 down 0.1%, the Nasdaq-100 down 0.2% and the Russell 2000 down -0.4%. Here are the biggest movers pre-market from Newsquawk: $SMCI -10%: To delay 10-K filing for FY24 $NVDA -0.2%: Earnings await after-hours $PVH -9.5%: EPS disappointed & backed FY24 rev. decline of 6-7% $FL -7%: Despite comp. sales beating, but guide unch. & desks note it now trades with a forward P/E of 20, which is expensive for retail sector $KSS +2%: EPS & GM''s beat w/ stellar FY profit guide $ANF -11%: Despite a solid report, although noted it continues to operate in an increasingly uncertain env. $SJM -4%: Top line light & cut FY outlook $AMBA +19%: Loss per shr. not as deep as exp. & rev. beat; Next Q sales guide also topped $BOX +5%: EPS & rev. beat w/ strong Q3 & FY outlook $ELF + 3%: Approved $500mln share repurchase prog. This article was written by Giuseppe Dellamotta at www.forexlive.com.

https://www.forexlive.com/news/us-markets-set-to-open-slightly-lower-20240828/

JM Smucker Co (SJM) Q1 FY25 Earnings: Adjusted EPS of $2.44 Beats Estimates, Net Sales at $2. ...

JM Smucker Co (SJM) Q1 FY25 Earnings: Adjusted EPS of $2.44 Beats Estimates, Net Sales at $2.1 Billion

https://www.gurufocus.com/news/2511650/jm-smucker-co-sjm-q1-fy25-earnings-adjusted-eps-of-244-beats-estimates-net-sales-at-21-billion

The J. M. Smucker Company Q1 Profit Beats Estimates

WASHINGTON (dpa-AFX) - The J. M. Smucker Company (SJM) released earnings for first quarter that beat the Street estimates.The company''s bottom line came in at $185.0 million, or $1.74 per share. T…

https://www.finanznachrichten.de/nachrichten-2024-08/63110597-the-j-m-smucker-company-q1-profit-beats-estimates-020.htm

J. M. Smucker Q2 2025 Earnings Preview

No summary available.

https://seekingalpha.com/news/4144235-j-m-smucker-q2-2025-earnings-preview?feed_item_type=news

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J.M. Smucker Company (The) Price History

28.07.2024 - SJM Stock was down 7.0%

• Despite reporting strong Q1 FY25 earnings with adjusted EPS beating estimates, SJM's stock experienced a bearish movement.
• Concerns about future growth prospects or guidance provided by the company may have contributed to this negative market reaction.
• High investor expectations for earnings or revenue could have led to profit-taking and a decline in the stock price.
• Macroeconomic factors or challenges specific to the industry might have influenced market sentiment towards SJM, overshadowing its positive earnings performance.

11.08.2023 - SJM Stock was down 7.9%

• The bearish movement in SJM's stock today can be attributed to the news of its potential acquisition of Hostess Brands, the maker of Twinkies. Despite the excitement surrounding the deal, investors may have concerns about the financial implications and integration challenges. Additionally, the unexpected resignation of Alibaba's ex-CEO Daniel Zhang from the company's cloud unit may have created some negative sentiment in the market, impacting SJM's stock.

28.07.2024 - SJM Stock was down 5.3%

• Strong Q1 earnings were reported by SJM with adjusted EPS surpassing estimates, while quarterly sales slightly fell short of expectations.
• Despite the positive earnings, SJM revised its FY25 outlook downwards, which impacted the market sentiment, leading to a bearish movement.
• The US market sentiment saw a slight decrease today, potentially contributing to the downward trend of SJM stock.
• Concerns from investors about the company's future revenue targets may have influenced the bearish movement in SJM stock.

06.09.2023 - SJM Stock was down 6.0%

• J.M. Smucker Co.'s stock SJM has been on a downward trend, losing 7.5% of its value in the past seven days.
• The stock has fallen for nine out of the past ten days, indicating a consistent bearish sentiment.
• One possible factor contributing to the bearish movement could be the company's acquisition of Twinkies parent Hostess Brands, which was announced in September. Investors may have concerns about the financial impact of this deal.
• The stock's decline of 26% year-to-date, compared to the S&P 500's gain of 11%, further highlights the negative sentiment surrounding J.M. Smucker Co.
• Overall, the bearish movement in SJM's stock could be attributed to concerns about the company's recent acquisition and its overall performance in the market.

28.05.2023 - SJM Stock was down 2.6%

• The stock had a strong bearish movement today.
• Gulf International Bank UK Ltd reduced its position in SJM, which could have contributed to the bearish movement.
• The insider selling by Chair Board Mark Smucker may have also influenced the market movement.
• The article about intense competition in the pet food industry may have raised concerns about SJM's competitive position, impacting the stock negatively.

06.05.2024 - SJM Stock was up 5.7%

• SJM exceeded Q4 earnings forecasts, signaling a remarkable improvement from the previous year.
• Although falling slightly short of revenue projections, the positive earnings report likely bolstered investor trust in the company.
• The market responded favorably to SJM's earnings, reflecting optimism regarding the company's financial condition and future prospects.
• The strong upward movement in SJM's stock price may also be linked to the general positive market sentiment towards consumer goods firms.

06.05.2023 - SJM Stock was down 2.6%

• SJM reported Q4 2023 financial results, with net sales increasing by 10%, which is a positive sign for the company.
• Despite SJM topping earnings and guidance estimates, its shares fell, possibly due to concerns about the smaller decline in annual sales and higher prices.
• The market may have reacted negatively to SJM's pricing actions, which helped the company top Q4 earnings estimates, but could lead to reduced demand in the future.
• Overall, the bearish movement in SJM's stock today could be attributed to a combination of factors, including concerns about sales and pricing, as well as broader market trends.

06.05.2024 - SJM Stock was up 5.5%

• SJM stock experienced a strong bullish movement today.
• The acquisition of Hostess Brands and better-than-expected quarterly profit contributed to the stock's rise.
• Despite slightly missing revenue estimates, the company's cost-cutting measures and higher prices boosted investor confidence.
• The positive Q4 earnings report, with a significant improvement in EPS compared to the previous year, also played a role in driving the stock price higher.

06.05.2024 - SJM Stock was up 5.3%

• A positive forecast and $128 price target for SJM shares likely boosted investor confidence and contributed to the bullish movement.
• Despite missing revenue estimates for Q4 2024, SJM beat earnings per share expectations, showcasing strong financial performance.
• The recent acquisition of Hostess Brands and cost-cutting measures leading to better-than-expected profits also played a role in driving SJM stock higher.
• The combination of positive forecasts, earnings beat, and strategic acquisitions propelled SJM stock to a strong bullish movement today.