Scotts Miracle-Gro Co reports results for the quarter ended September 30 - Earnings Summary

• Scotts Miracle-Gro Co SMG.N reported a quarterly adjusted loss of $2.16​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of $-1.96. The mean expectation of seven analysts for the quarter was for a loss of $2.21 per share. Wall Street expected results to range from $-2.39 to $-2.15 per share.

• Revenue fell 21.8% to $302.90 million from a year ago; analysts expected $306.10 million.

• Scotts Miracle-Gro Co's reported EPS for the quarter was a loss of $2.10​.

• The company reported a quarterly loss of $121.9 million.

• Scotts Miracle-Gro Co shares had risen by 23.3% this quarter and gained 5.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.3% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy," 3 "hold" and no "sell" or "strong sell." The average consensus recommendation for the agricultural chemicals peer group is also "buy"

• Wall Street's median 12-month price target for Scotts Miracle-Gro Co is $75.00, about 17.6% above its last closing price of $61.80

This summary was machine generated from LSEG data November 4 at 02:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)