Scotts Miracle-Gro (SMG) saw its shares surge by 8.1%, closing at $73.47, driven by strong trading volume on the last trading session. Over the past four weeks, the stock has gained 8.4%, fueled by positive expectations surrounding its U.S. Consumer business and ongoing cost-saving initiatives.
The company is projected to report quarterly earnings of $2.53 per share, representing a 2.3% decline year-over-year. Revenue is anticipated to reach $1.17 billion, a decrease of 1.2% from the previous year. The consensus EPS estimate has remained steady over the past month, signaling a need for monitoring future earnings revisions that could impact stock performance.
In comparison, Limoneira (LMNR), another company in the agriculture sector, closed 2.2% higher at $14, with a consensus EPS estimate of $0.16, reflecting a +900% change from the previous year. Limoneira holds a Zacks Rank of #2 (Buy).
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