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Scotts (SMG) Reports Q3 Earnings: What Key Metrics Have to Say
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For the quarter ended June 2024, Scotts Miracle-Gro (SMG - Free Report) reported revenue of $1.2 billion, up 7.5% over the same period last year. EPS came in at $2.31, compared to $1.17 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $1.2 billion, representing a surprise of -0.12%. The company delivered an EPS surprise of +22.22%, with the consensus EPS estimate being $1.89.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Scotts performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net Sales- U.S.Consumer
: $1.02 billion versus the five-analyst average estimate of $1.04 billion. The reported number represents a year-over-year change of +11%.
Net Sales- Other
: $117 million compared to the $93.79 million average estimate based on five analysts. The reported number represents a change of +7.4% year over year.
Net Sales- Hawthorne
: $67.70 million versus $75.43 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -27.5% change.
Segment Profit (Loss) (Non-GAAP)- U.S. Consumer
: $210.30 million versus $121.88 million estimated by three analysts on average.
Segment Profit (Loss) (Non-GAAP)- Hawthorne
: $3.80 million compared to the -$4.31 million average estimate based on three analysts.
Segment Profit (Loss) (Non-GAAP)- Other
: $11.70 million versus $2.38 million estimated by three analysts on average.
Segment Profit (Loss) (Non-GAAP)- Corporate
: -$25.10 million versus the two-analyst average estimate of -$36 million.
Shares of Scotts have returned +10.9% over the past month versus the Zacks S&P 500 composite's -0.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Scotts (SMG) Reports Q3 Earnings: What Key Metrics Have to Say
For the quarter ended June 2024, Scotts Miracle-Gro (SMG - Free Report) reported revenue of $1.2 billion, up 7.5% over the same period last year. EPS came in at $2.31, compared to $1.17 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $1.2 billion, representing a surprise of -0.12%. The company delivered an EPS surprise of +22.22%, with the consensus EPS estimate being $1.89.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Scotts performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
View all Key Company Metrics for Scotts here>>>Net Sales- U.S.Consumer
: $1.02 billion versus the five-analyst average estimate of $1.04 billion. The reported number represents a year-over-year change of +11%.Net Sales- Other
: $117 million compared to the $93.79 million average estimate based on five analysts. The reported number represents a change of +7.4% year over year.Net Sales- Hawthorne
: $67.70 million versus $75.43 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -27.5% change.Segment Profit (Loss) (Non-GAAP)- U.S. Consumer
: $210.30 million versus $121.88 million estimated by three analysts on average.Segment Profit (Loss) (Non-GAAP)- Hawthorne
: $3.80 million compared to the -$4.31 million average estimate based on three analysts.Segment Profit (Loss) (Non-GAAP)- Other
: $11.70 million versus $2.38 million estimated by three analysts on average.Segment Profit (Loss) (Non-GAAP)- Corporate
: -$25.10 million versus the two-analyst average estimate of -$36 million.Shares of Scotts have returned +10.9% over the past month versus the Zacks S&P 500 composite's -0.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.