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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
Don't forget that there may still be risks. For instance, we've identified 2 warning signs for Scotts Miracle-Gro (1 can't be ignored) you should be aware of.
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About NYSE:SMG
Scotts Miracle-Gro
Manufactures, markets, and sells products for lawn, garden care, and indoor and hydroponic gardening in the United States and internationally.
Average dividend payer and fair value.