The J. M. Smucker Company (SJM - Free Report) engages in the manufacture and marketing of branded food products worldwide. The company’s primary products include coffee, peanut butter, fruit spreads, shortening and oils, baking mixes and ready-to-spread frostings and canned milk.

Strong organic sales growth, product innovation and constant efforts to expand through acquisitions have remained the company’s strong points over the past several quarters. However, sales have been declining Sales have been declining due to currency headwinds, lower coffee volumes due to higher coffee costs, lower pricing and sluggish pet food sales.

Earnings Estimate Revision: The Zacks Consensus Estimate for fiscal 2018 and 2019 have remained unchanged in the last thirty days. However, it decreased by 0.3% and 0.2%, respectively, in the last 60 days. J. M. Smucker’s performance in the trailing four quarters (including the quarter under review) gives a positive picture. The company outperformed the Zacks Consensus Estimate by an average of 4.00% in the trailing four quarters.

Zacks Rank: Currently, SJM has a Zacks Rank #3 (Hold). The Zacks Rank could definitely change following Smucker’s earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:

Earnings: SJM posted adjusted earnings of $1.51 per share, lagging our consensus of $1.61.

Revenue: SJM posted revenues of $1.75 billion, missing our consensus estimate of $1.82 billion.

Key Stats to Note: The company lowered its fiscal 2018 earnings outlook and now expects adjusted earnings in the range of $7.75 to $7.95 per share. 

Stock Price: Shares were in-active in pre-market trading.