J.M. Smucker Company (SJM - Get Report) is expected to report net income of $189.7 million, or $1.74 a share, on sales of $1.9 billion before the market opens on Tuesday, based on a FactSet survey of 14 analysts.
In the same period a year ago, the company posted earnings of $1.78 a share on sales of $1.9 billion. It reported net income of $185.2 million.
The stock has fallen 9.1% since the company last reported earnings on June 6.
Quarterly estimates have fallen less than 1 cent a share in the past month.
In the upcoming quarter analysts are forecasting net income of $243.6 million, or $2.21 a share, on sales of $2 billion.
J.M. Smucker is currently trading at a price-to-forward-earnings ratio of 13.2 based on the 12-month estimates of 15 analysts surveyed by FactSet.
Save 57% With Our Labor Day Sale. Join Jim Cramer's Action Alerts PLUS investment club to become a smarter investor! Learn more about TheStreet Courses on investing and personal finance here
Introducing TheStreet Courses: Financial titans Jim Cramer and Robert Powell are bringing their market savvy and investing strategies to you. Learn how to create tax-efficient income, avoid top mistakes, reduce risk and more. With our courses, you will have the tools and knowledge needed to achieve your financial goals. Learn more about TheStreet Courses on investing and personal finance here.