Yahoo Finance Scotts Miracle-Gro Second Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags
Scotts Miracle-Gro (NYSE:SMG) Second Quarter 2024 Results
Key Financial Results
Revenue: US$1.53b (flat on 2Q 2023).
Net income: US$157.5m (up 44% from 2Q 2023).
Profit margin: 10% (up from 7.1% in 2Q 2023).
EPS: US$2.77 (up from US$1.95 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Scotts Miracle-Gro Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 1.0%. Earnings per share (EPS) missed analyst estimates by 18%.
Looking ahead, revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Chemicals industry in the US.
Performance of the American Chemicals industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
It's necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with Scotts Miracle-Gro (at least 1 which is a bit unpleasant), and understanding these should be part of your investment process.
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