5 Notable Quarterly Reports to Watch

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In this article, we discuss the 5 notable quarterly reports to watch. If you want to read our detailed analysis of these companies, go directly to the 11 Notable Quarterly Reports to Watch

5. The J. M. Smucker Company (NYSE:SJM)

Number of Hedge Fund Holders: 29

Shares of The J. M. Smucker Company (NYSE:SJM) rose nearly six percent on Tuesday, June 7, 2022, after beating profit and sales expectations for its fiscal fourth quarter. The Orrville-based food products maker reported adjusted earnings of $2.23 per share, up from $1.89 per share in the same period of 2021.

Revenue for the quarter increased 6 percent versus last year to $2.03 billion. Analysts were expecting The J. M. Smucker Company (NYSE:SJM) to post earnings of $1.88 per share on revenue of $1.98 billion.

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Moving forward, The J. M. Smucker Company (NYSE:SJM) expects adjusted earnings in the range of $7.85 – $8.25 per share for its fiscal year 2023. The guidance missed the consensus of $8.91 per share with a big margin.

Speaking on the results, CEO Mark Smucker said:

“Our fourth quarter and full-year results demonstrate the continued execution of our strategy and momentum of the business, amid a challenging and dynamic environment. Our strong financial results reflect sustained consumer demand for at-home food and coffee and consumers’ desire for our trusted and iconic brands.”

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