What's Happening with SJM
J.M. Smucker (SJM) reports its fiscal fourth-quarter numbers before the market open June 6. Analysts forecast earnings of $1.97 per share on revenue of $1.94 billion. During the same period last year the company earned $1.93 on sales of $1.78 billion. The stock is up 28.2% on the year.
Technical Analysis
SJM stock was recently trading at $119.90 down $8.53 from its 12-month high and $28.58 above its 12-month low. InvestorsObserver's Stock Score Report gives SJM a 82 long-term technical score and a 70 short-term technical score. The stock has recent support above $230 and recent resistance below $250. Of the 11 analysts who cover the stock 1 rate it Strong Buy, 0 rate it Buy, 9 rate it Hold, 0 rate it Sell, and 1 rate it Strong Sell, SJM gets a score of 59 from InvestorsObserver's Stock Score Report.
Analysts' Thoughts
Smucker was in a strong upward trend before selling off the last two weeks with the overall market. The street expects a small earnings beat with a whisper number of $2.00 for the quarter, which would be the company's second-straight better than expected quarterly profit. Kellogg posted mixed numbers earlier in May with better than expected profits and a small revenue miss. The stock sold off, and pulled SJM lower with it. With SJM already losing ground in reaction the K report, the downside is likely limited at this time barring a huge miss on either the top or bottom line, and shares could quickly rebound on a positive report. Analysts have an average price target of $116.63 on the stock.