Scotts Miracle-Gro’s earnings
Scotts Miracle-Gro (SMG) is expected to report its 2Q17 earnings on May 2, 2017, before the market opens. Wall Street analysts estimate EPS (earnings per share) of $2.9, which would be 3% less than $3.0 in 2Q16. Before we dive deeper into the company’s earnings expectations, let’s recap on how the stock has done so far.
Performance so far
As you can see in the above chart, Scotts Miracle-Gro comfortably outperformed the benchmarks. On a trailing 52-week basis, the company returned an impressive 36.3%. The iShares Basic Materials ETF (IYM) returned 15.3%, while the SPDR S&P 500 ETF (SPY) returned 13.5% during the same period.
To learn more about what drives Scotts Miracle-Gro’s business, read Before Investing in Scotts Miracle-Gro, Read This.
In this pre-earnings series, we’ll discuss analysts’ estimates for Scotts Miracle-Gro’s sales, margins, and earnings. Towards the end of this series, we’ll discuss Scotts Miracle-Gro’s valuation multiples compared to its peers.
In the next part, we’ll start with analysts’ sales estimates for the company.