Results: The Scotts Miracle-Gro Company Delivered A Surprise Loss And Now Analysts Have New Forecasts

Simply Wall St.11-09

It's been a mediocre week for The Scotts Miracle-Gro Company (NYSE:SMG) shareholders, with the stock dropping 19% to US$72.60 in the week since its latest yearly results. Things were not great overall...

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Things were not great overall...</p>\n\n<a href=\"https://finance.yahoo.com/news/results-scotts-miracle-gro-company-123213007.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Results: The Scotts Miracle-Gro Company Delivered A Surprise Loss And Now Analysts Have New Forecasts</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nResults: The Scotts Miracle-Gro Company Delivered A Surprise Loss And Now Analysts Have New Forecasts\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-09 20:32 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/results-scotts-miracle-gro-company-123213007.html><strong>Simply Wall St.</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>It's been a mediocre week for The Scotts Miracle-Gro Company (NYSE:SMG) shareholders, with the stock dropping 19% to US$72.60 in the week since its latest yearly results. Things were not great overall...</p>\n\n<a href=\"https://finance.yahoo.com/news/results-scotts-miracle-gro-company-123213007.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4093","symbol_name":"化肥与农用药剂","start_time":0,"source_url":"https://finance.yahoo.com/news/results-scotts-miracle-gro-company-123213007.html","article_id":"2482723425","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/7derraoEURMov0.kYFmzQw--~B/aD00MzI7dz0xMTk0O2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/simply_wall_st__316/a3ab99500bb842820119e0d737ca7bfe"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2482723425","pubTimestamp":1731155533,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"It's been a mediocre week for The Scotts Miracle-Gro Company  shareholders, with the stock dropping 19% to US$72.60 in the week since its latest yearly results. Things were not great overall, with a surprise  loss of US$0.61 per share on revenues of US$3.6b, even though the analysts had been expecting a profit. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. We've gathered the most recent statutory forecasts to see whether the analysts have changed their earnings models, following these results.The biggest concern is that the analysts reduced their earnings per share estimates, suggesting business headwinds could lay ahead for Scotts Miracle-Gro. Fortunately, the analysts also reconfirmed their revenue estimates, suggesting that it's tracking in line with expe","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4093":"化肥与农用药剂","SMG":"Scotts Miracle-Gro Company"},"translate_title":"结果：Scotts Miracle-Gro公司意外亏损，现在分析师有了新的预测","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SMG":1},"content_text":"It's been a mediocre week for The Scotts Miracle-Gro Company (NYSE:SMG) shareholders, with the stock dropping 19% to US$72.60 in the week since its latest yearly results. Things were not great overall, with a surprise (statutory) loss of US$0.61 per share on revenues of US$3.6b, even though the analysts had been expecting a profit. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. We've gathered the most recent statutory forecasts to see whether the analysts have changed their earnings models, following these results. \n See our latest analysis for Scotts Miracle-Gro \n\n\n\n  NYSE:SMG Earnings and Revenue Growth November 9th 2024\n \n\n Following last week's earnings report, Scotts Miracle-Gro's eight analysts are forecasting 2025 revenues to be US$3.56b, approximately in line with the last 12 months. Earnings are expected to improve, with Scotts Miracle-Gro forecast to report a statutory profit of US$3.27 per share. Before this earnings report, the analysts had been forecasting revenues of US$3.62b and earnings per share (EPS) of US$3.87 in 2025. The analysts seem to have become more bearish following the latest results. While there were no changes to revenue forecasts, there was a real cut to EPS estimates. \n It might be a surprise to learn that the consensus price target fell 8.0% to US$81.71, with the analysts clearly linking lower forecast earnings to the performance of the stock price. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. The most optimistic Scotts Miracle-Gro analyst has a price target of US$100.00 per share, while the most pessimistic values it at US$70.00. There are definitely some different views on the stock, but the range of estimates is not wide enough as to imply that the situation is unforecastable, in our view. \n One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. From these estimates it looks as though the analysts expect the years of declining revenue to come to an end, given the flat forecast out to 2025. That would be a definite improvement, given that the past five years have seen revenue shrink 1.8% annually. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to see their revenue grow 4.6% per year. So it's pretty clear that, although revenues are improving, Scotts Miracle-Gro is still expected to grow slower than the industry. \nThe Bottom Line \n The biggest concern is that the analysts reduced their earnings per share estimates, suggesting business headwinds could lay ahead for Scotts Miracle-Gro. Fortunately, the analysts also reconfirmed their revenue estimates, suggesting that it's tracking in line with expectations. Although our data does suggest that Scotts Miracle-Gro's revenue is expected to perform worse than the wider industry. The consensus price target fell measurably, with the analysts seemingly not reassured by the latest results, leading to a lower estimate of Scotts Miracle-Gro's future valuation. \n With that said, the long-term trajectory of the company's earnings is a lot more important than next year. We have forecasts for Scotts Miracle-Gro going out to 2027, and you can see them free on our platform here. \n However, before you get too enthused, we've discovered 2 warning signs for Scotts Miracle-Gro (1 makes us a bit uncomfortable!) that you should be aware of. \nHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-2","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2482723425"}