NYSE:SMGChemicals
Scotts Miracle-Gro (SMG) One-Off $136.1M Loss Reinforces Debate Over Quality of Recent Profitability
Scotts Miracle-Gro (SMG) reported earnings that finally swung into profitability over the last year, with EPS growth now forecast at 12.58% per year. Despite this turnaround, the company’s earnings have been on a tough path, declining at an average annual rate of 45.6% over the past five years. Recent results were impacted by a $136.1 million one-off loss. Revenue growth is expected to lag behind the broader market at 1.9% per year. Shares look expensive at a 60.9x price-to-earnings ratio...