Scotts Miracle-Gro's Stock Woes Seen as Overblown -- Market Talk

Dow Jones11-15 23:25
 

1024 ET -- Scotts Miracle-Gro's dramatic 20% stock decline after it released F4Q results last week was mostly overdone and the consequence of "volatility breeding volatility," Stifel analyst W. Andrew Carter and John Nelson say in a research note. Some of the stock's fall was rightly driven by some uncertainty around the ability to sustain earnings in the quarters ahead, the analysts say. But they met with the CFO during two days of investor meetings and came away assured that its FY25 gross margin guidance is achievable, with growth to come beyond that. (dean.seal@wsj.com)

 

(END) Dow Jones Newswires

November 15, 2024 10:25 ET (15:25 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment