The J.M. Smucker CompanyConsumer Staples - Food Products
The JM Smucker Company (NYSE:SJM) is scheduled to release its FQ4’18 earnings on Thursday, June 7 before the U.S. market opens. The Estimize community projects an EPS consensus of $2.26, which is more bullish than Wall Street’s estimate of $2.20. Estimize predicts a year-over-year EPS growth rate of 22% and a year-over-year revenue growth rate of 2%. In terms of revenue for the upcoming quarter, Estimize anticipates $1.822B, which is greater than Wall Street’s projected revenue of $1.809B.
The company has been successful in its effort to align itself with shifting consumer preferences. Over recent years, SJM has collaborated with Dunkin Brands Group (NASDAQ:DNKN) and Keurig Green Mountain to diversify its consumer base and expand its brand. Furthermore, Smucker has been investing in the pet-food industry as more and more people become concerned with the health and wellness of their pets. Indeed SJM just announced its intent to acquire pet-food provider Ainsworth to increase its presence in that industry.