Zacks Research Has Bearish Forecast for SMG Q2 Earnings

The Scotts Miracle-Gro Company (NYSE:SMG - Free Report) - Zacks Research lowered their Q2 2026 EPS estimates for Scotts Miracle-Gro in a note issued to investors on Wednesday, July 16th. Zacks Research analyst R. Department now anticipates that the basic materials company will post earnings per share of $3.99 for the quarter, down from their prior forecast of $4.19. The consensus estimate for Scotts Miracle-Gro's current full-year earnings is $3.42 per share. Zacks Research also issued estimates for Scotts Miracle-Gro's FY2026 earnings at $3.44 EPS and Q2 2027 earnings at $4.45 EPS.

A number of other equities analysts also recently commented on SMG. Stifel Nicolaus downgraded shares of Scotts Miracle-Gro from a "buy" rating to a "hold" rating and lifted their price objective for the stock from $70.00 to $71.00 in a report on Monday, June 9th. JPMorgan Chase & Co. reduced their target price on shares of Scotts Miracle-Gro from $80.00 to $65.00 and set an "overweight" rating for the company in a research note on Thursday, May 1st. Jefferies Financial Group raised shares of Scotts Miracle-Gro from a "hold" rating to a "buy" rating and reduced their price objective for the stock from $72.00 to $69.00 in a report on Monday, April 7th. UBS Group reissued a "neutral" rating and issued a $71.00 price target (up from $54.00) on shares of Scotts Miracle-Gro in a report on Thursday. Finally, Wells Fargo & Company upped their price target on shares of Scotts Miracle-Gro from $72.00 to $75.00 and gave the company an "overweight" rating in a report on Wednesday, July 9th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Scotts Miracle-Gro presently has an average rating of "Moderate Buy" and an average target price of $71.83.

Scotts Miracle-Gro Stock Performance

Shares of SMG stock traded up $0.27 during mid-day trading on Friday, reaching $66.95. 150,133 shares of the company were exchanged, compared to its average volume of 949,078. Scotts Miracle-Gro has a fifty-two week low of $45.61 and a fifty-two week high of $93.90. The company has a market capitalization of $3.86 billion, a P/E ratio of 133.85 and a beta of 2.01. The business's 50 day simple moving average is $63.62 and its 200 day simple moving average is $61.76.

Scotts Miracle-Gro (NYSE:SMG - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The basic materials company reported $3.98 earnings per share for the quarter, topping analysts' consensus estimates of $3.95 by $0.03. Scotts Miracle-Gro had a net margin of 1.04% and a negative return on equity of 56.15%. The business had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter last year, the company earned $3.69 earnings per share. The business's quarterly revenue was down 6.8% compared to the same quarter last year.

Hedge Funds Weigh In On Scotts Miracle-Gro

A number of large investors have recently made changes to their positions in the business. Proficio Capital Partners LLC bought a new stake in shares of Scotts Miracle-Gro in the 4th quarter valued at approximately $2,139,000. Swiss National Bank grew its stake in shares of Scotts Miracle-Gro by 0.8% in the 4th quarter. Swiss National Bank now owns 83,900 shares of the basic materials company's stock valued at $5,566,000 after buying an additional 700 shares in the last quarter. Madison Investment Advisors LLC bought a new stake in Scotts Miracle-Gro during the fourth quarter worth approximately $6,399,000. Xponance Inc. boosted its position in Scotts Miracle-Gro by 5.5% during the fourth quarter. Xponance Inc. now owns 4,849 shares of the basic materials company's stock worth $322,000 after purchasing an additional 252 shares during the period. Finally, Teacher Retirement System of Texas boosted its position in Scotts Miracle-Gro by 313.9% during the fourth quarter. Teacher Retirement System of Texas now owns 81,812 shares of the basic materials company's stock worth $5,427,000 after purchasing an additional 62,044 shares during the period. Institutional investors and hedge funds own 74.07% of the company's stock.

About Scotts Miracle-Gro

The Scotts Miracle-Gro Company, together with its subsidiaries, manufactures, markets, and sells products for lawn, garden care, and indoor and hydroponic gardening in the United States and internationally. It operates through three segments: U.S. Consumer, Hawthorne, and Other. The company provides lawn care products, comprising lawn fertilizers, grass seed products, spreaders, and other durable products, as well as lawn-related weed, pest, and disease control products; and gardening and landscape products, which include water-soluble and continuous-release plant foods, potting mixes, garden soils, mulches and ground cover products, plant-related pest and disease control products, organic garden products, and live goods and seeding solutions.