J. M. Smucker's (NYSE:SJM) Solid Earnings Have Been Accounted For Conservatively
J. M. Smucker's (NYSE:SJM) Solid Earnings Have Been Accounted For Conservatively
The J. M. Smucker Company's (NYSE:SJM) solid earnings announcement recently didn't do much to the stock price. We did some digging, and we think that investors are missing some encouraging factors in the underlying numbers.
J. M. Smucker公司(NYSE:SJM)近期的强劲业务公告并没有对股价产生太大的影响。我们进行了一些调查,认为投资者没有注意到基本数据中一些鼓舞人心的因素。
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How Do Unusual Items Influence Profit?
非常规项目如何影响利润?
For anyone who wants to understand J. M. Smucker's profit beyond the statutory numbers, it's important to note that during the last twelve months statutory profit was reduced by US$166m due to unusual items. While deductions due to unusual items are disappointing in the first instance, there is a silver lining. We looked at thousands of listed companies and found that unusual items are very often one-off in nature. And, after all, that's exactly what the accounting terminology implies. If J. M. Smucker doesn't see those unusual expenses repeat, then all else being equal we'd expect its profit to increase over the coming year.
对于想要了解J. M. Smucker公司税后利润的人来说,重要的是要注意,在过去的十二个月中,由于不寻常的事项,税后利润减少了1.66亿美元。虽然由于不寻常的事项而进行的扣除一开始是令人失望的,但其中确实有一线希望。我们研究了成千上万的上市公司,发现不寻常的事项往往是一次性的。毕竟,这正是会计术语所暗示的。如果J. M. Smucker公司不再遭遇这些不寻常的开支,那么其他条件不变,我们预计其利润将在未来一年内增加。
That might leave you wondering what analysts are forecasting in terms of future profitability. Luckily, you can click here to see an interactive graph depicting future profitability, based on their estimates.
这可能会让您想知道分析师对未来盈利能力的预测。幸运的是,您可以单击此处查看基于其估计的未来盈利能力的互动图表。
Our Take On J. M. Smucker's Profit Performance
我们对J. M. Smucker公司的盈利表现的看法
Because unusual items detracted from J. M. Smucker's earnings over the last year, you could argue that we can expect an improved result in the current quarter. Because of this, we think J. M. Smucker's earnings potential is at least as good as it seems, and maybe even better! And one can definitely find a positive in the fact that it made a profit this year, despite losing money last year. Of course, we've only just scratched the surface when it comes to analysing its earnings; one could also consider margins, forecast growth, and return on investment, among other factors. If you want to do dive deeper into J. M. Smucker, you'd also look into what risks it is currently facing. You'd be interested to know, that we found 1 warning sign for J. M. Smucker and you'll want to know about this.
由于不寻常的事项在过去一年中影响了J. M. Smucker公司的收益,因此可以说我们可以预期当前季度的业绩会有所改善。因此,我们认为J. M. Smucker公司的盈利潜力至少与看上去一样好,甚至可能更好!而且,尽管去年亏钱,今年J. M. Smucker公司也赚了钱,这也肯定是个好消息。当然,我们只是开始分析其收益的表面现象;比如还可以考虑利润率、预测增长和投资回报等因素。如果您想更深入地了解J. M. Smucker公司,您还需要考虑当前面临的风险。您可能会感兴趣的是,我们发现了1个J. M. Smucker公司的警示标志,您会想知道这个标志。
This note has only looked at a single factor that sheds light on the nature of J. M. Smucker's profit. But there are plenty of other ways to inform your opinion of a company. Some people consider a high return on equity to be a good sign of a quality business. While it might take a little research on your behalf, you may find this free collection of companies boasting high return on equity, or this list of stocks with significant insider holdings to be useful.
本篇说明只关注了解释J. M. Smucker公司利润性质的单一因素。但是,了解一家公司的看法还有很多其他方式。有些人认为高净资产收益率是优质企业的一个良好标志。虽然这可能需要您进行一些研究,但您可能会发现这个由高净资产收益率公司组成的免费收藏,或这个持有重要股权的股票列表会有所帮助。
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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这篇文章是Simply Wall St的一般性文章。我们根据历史数据和分析师预测提供评论,只使用公正的方法论,我们的文章并不意味着提供任何金融建议。文章不构成买卖任何股票的建议,也不考虑您的目标或您的财务状况。我们的目标是带给您基本数据驱动的长期关注分析。请注意,我们的分析可能不考虑最新的价格敏感公司公告或定性材料。Simply Wall St没有任何股票头寸。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
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