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)近期的強勁業務公告並沒有對股價產生太大的影響。我們進行了一些調查,認爲投資者沒有注意到基本數據中一些鼓舞人心的因素。
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How Do Unusual Items Influence Profit?
非常規項目如何影響利潤?
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.
對於想要了解J. M. Smucker公司稅後利潤的人來說,重要的是要注意,在過去的十二個月中,由於不尋常的事項,稅後利潤減少了1.66億美元。雖然由於不尋常的事項而進行的扣除一開始是令人失望的,但其中確實有一線希望。我們研究了成千上萬的上市公司,發現不尋常的事項往往是一次性的。畢竟,這正是會計術語所暗示的。如果J. M. Smucker公司不再遭遇這些不尋常的開支,那麼其他條件不變,我們預計其利潤將在未來一年內增加。
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.
這可能會讓您想知道分析師對未來盈利能力的預測。幸運的是,您可以單擊此處查看基於其估計的未來盈利能力的互動圖表。
Our Take On J. M. Smucker's Profit Performance
我們對J. M. Smucker公司的盈利表現的看法
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.
由於不尋常的事項在過去一年中影響了J. M. Smucker公司的收益,因此可以說我們可以預期當前季度的業績會有所改善。因此,我們認爲J. M. Smucker公司的盈利潛力至少與看上去一樣好,甚至可能更好!而且,儘管去年虧錢,今年J. M. Smucker公司也賺了錢,這也肯定是個好消息。當然,我們只是開始分析其收益的表面現象;比如還可以考慮利潤率、預測增長和投資回報等因素。如果您想更深入地了解J. M. Smucker公司,您還需要考慮當前面臨的風險。您可能會感興趣的是,我們發現了1個J. M. Smucker公司的警示標誌,您會想知道這個標誌。
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.
本篇說明只關注了解釋J. M. Smucker公司利潤性質的單一因素。但是,了解一家公司的看法還有很多其他方式。有些人認爲高淨資產收益率是優質企業的一個良好標誌。雖然這可能需要您進行一些研究,但您可能會發現這個由高淨資產收益率公司組成的免費收藏,或這個持有重要股權的股票列表會有所幫助。
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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.
對本文有反饋?關於內容有所顧慮?直接和我們聯繫。或電郵 editorial-team (at) simplywallst.com。
這篇文章是Simply Wall St的一般性文章。我們根據歷史數據和分析師預測提供評論,只使用公正的方法論,我們的文章並不意味着提供任何金融建議。文章不構成買賣任何股票的建議,也不考慮您的目標或您的財務狀況。我們的目標是帶給您基本數據驅動的長期關注分析。請注意,我們的分析可能不考慮最新的價格敏感公司公告或定性材料。Simply Wall St沒有任何股票頭寸。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
對本文有反饋?關於內容有所顧慮?直接和我們聯繫。或者,也可以發送電子郵件至editorial-team@simplywallst.com